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Africa Unveils 10GW Desert to Power Initiative at COP24

The "Desert to Power Initiative", an ambitious plan to eliminate energy poverty in Africa and provide 10 GW of solar energy by 2025 and support 250 million people with green electricity, was just unveiled at the Paris Agreement climate change talks at COP24.

GE Nigeria Launches e-Learning Portal for Lagos Garage Manufacturing Training

To support entrepreneurial skills development and growth in Nigeria, GE Nigeria, part of GE worldwide, just launched an e-learning portal for its Lagos Garage advanced manufacturing training program.

Trump Administration Sued For Failure to Protect Giraffes As Required by EPA

On December 6, a coalition of environmental groups sued the Trump administration for its failure under the Endangered Species Act to protect Africa's rapidly diminishing giraffe herds.

Sierra Leone President Announces Move to Repeal Law Criminalizing Libel

President Julius Maada Bio of Sierra Leone announced his New Direction Government is moving rapidly to repeal -- finally -- part V of the 1965 Public Order Act which has criminalized libel for over 50 years.

South African Parliament Ratifies African Continental Free Trade Agreement

The African Continental Free Trade Agreement (AfCFTA) was ratified by the South African Parliament on December 4, 2018.

9 Multilateral Development Banks Agree to Work Together On Climate Change Funding

The Manila-based Asian Development Bank, the Cote d'Ivoire based African Development Bank, the World Bank, the Asian Infrastructure Investment Bank (AIIB), and five other major multilateral banks signed a joint declaration to work together in six areas designed to slow the rise of global warming.

Cameroon Receives $27M Grant for Primary School Nutrition and Literacy Program

Cameroon has just been awarded a 14 billion CFA (USD $27 million) grant from the U.S. Department of Agriculture, for a nutrition and literacy program aimed at primary schools in four different regions in the country.

African Development Bank Authorizes $18M for New Kenyan 40MWac Solar Project

According to Naoshige Kinoshita, Chief Investment Officer of the African Development Bank Group, the AfDB has given a green light for funding for the 40 MWac (50 MWp) Kopere Solar Power Project to be built in Kenya by French renewable energy company Voltalia.

The African Securities Exchanges Association Lands Important Strategic Partner

The African Securities Exchanges Association (ASEA) is linking up with the London-based World Federation of Exchanges, a global industry group for exchanges and CCPs, to help develop a much wider African capital market.

Africa Mobile Phone Market Flat to Slow Decline

Africa's mobile phone market growth rate has flattened out, as evidenced by the latest figures just announced by International Data Corporation (IDC), which show the African mobile market went down by 2.1% quarter-on-quarter (QoQ) for Q3 2018.

Telecom Egypt Deploys First 200G Long Distance Single Carrier Transmission Service

In a first for Africa, Telecom Egypt -- utilizing unique technology provided by Finland-based Nokia -- has successfully deployed the first 200G long distance, single carrier transmission service on the continent.

New $5B Oil Pipeline To Be Built Between Zambia and Angola

As part of a major move to enhance the Zambia petroleum industry, Diamantino Azevedo, Angola's minister of Mineral Resources and Oil, recently confirmed that Angola and Zambia are working together on a $5 billion project which includes a major new pipeline connecting the countries.

Africa Set to Become Largest Free Trade Zone in the World

Thanks to the March 2018 signing of the African Continental Free Trade Agreement AfCTA in Kigali, Rwanda, Africa will soon become home to the largest free trade area in the world.

European Investment Bank Provides $78M for Telecom and Medical Care in Africa

The European Investment Bank (EIB) just announced US $78 million in financing for four new projects it is backing, including 3G and 4G expansion for Telekom Kenya Ltd. and support of the Medical Credit Fund across the continent.

Japan Provides $5M Grant for Nutrition Programs in Ghana

The Government of Japan has provided the United Nations World Food Program (WFP) with a grant of US $5 million, targeted to scale-up an important project addressing malnutrition, micronutrient deficiencies and obesity in Ghana.

Burundi and Tanzania Recieve Over $300M for Road Projects

The governments of Burundi and Tanzania have received US $322.35 million in loans and grants from the African Development Bank Group, to pay for the 45 kilometer Rumonge-Gitaza and 260 kilometer Kabingo-Kasulu-Mayovu road upgrading project.

Morocco's New MOHAMMED VI Earth Observation Satellite Launched and In Orbit

Arianespace, an aerospace company based in Evry, France, just launched the MOHAMMED VI - B Earth observation satellite developed specifically for the Kingdom of Morocco as an earth observation satellite to aid with land management and agricultural programs.

We Care Initiative Launches in Kenya to Provide Safe Online Environments for Children

We Care, an initiative created by GSMA aimed at ensuring a safe online environment for children, has come together with Kenya's mobile operators to launch the GSMA's We Care campaign in Africa.

Ethiopia's Basic Services Transformation Program Receives $120M Grant

Ethiopia has received a US $120 million grant to support the country's Basic Services Transformation Program, designed to improve sustainable human development and technology capacity.

Rwanda Opens East Africa's First Inland Dry Port

Dubai-based DP World and the government of Rwanda just opened the US $80 million ‘inland” port, a first for East Africa.

U.S. Renews U.S.-Libya Science and Technology Cooperation Agreement

The U.S. State Department just renewed the U.S.-Libya Science and Technology Cooperation Agreement for another ten years.

African Financial Alliance on Climate Change Sets Guiding Principles for Investments

The African Financial Alliance on Climate Change (AFAC), a major initiative to stimulate green industries, was the focus of an all-day event on November 7th at the African Investment Forum.

African and EU Banks Provide Tunisia with EUR 150M for Rural Sanitation

Tunisia just received €150 million in funding to support development of sanitation for small towns and villages with less than 10,000 inhabitants.

Gabon Special Economic Zone Recieves EUR 30M Grant for Operations

The Caisse des Dépôts et Consignations du Gabon (CDC Gabon) was granted an EUR 30 million revolving trade financing facility to support the operations of the tenants of the Gabon Special Economic Zone and to provide them with the capacity to export their products.

World Bank Awards Djibouti $20M for Improving Living Conditions for Urban Poor

Djibouti was just approved by the World Bank for a $20 million International Development Association (IDA) package to improve living conditions for the country's residents who are living in deprived urban regions.