• The upcoming US-Africa green and sustainable financing forum in Côte d’Ivoire aims to mobilize funding for infrastructure projects across Africa.
• Set for March 19–20, the workshop will feature industry leaders, US technical experts, and key financiers.
• The event highlights the critical need for renewable energy funding models, financing mechanisms, and regulatory and policy reforms to facilitate the growth of green and sustainable infrastructure.

To foster sustainable development in Africa, the United States Trade and Development Agency (USTDA) is joining forces with the African Development Bank Group to host the US-Africa Green and Sustainable Financing Workshop.

Set to go down in Abidjan, Côte d’Ivoire, on March 19–20, 2024, this event is poised to bring to the forefront the pressing need for green and sustainable infrastructure projects across the continent.

The workshop, a convergence of industry leaders, explores innovative financing models that can support Africa’s journey towards a resilient and sustainable future.…

• The complex relationship between struggling African economies and the IMF revolves around the necessity of bailouts and structural reforms to address economic crises while balancing the need for sovereignty and social welfare.
• Conditions imposed by the IMF aim to promote fiscal discipline, enhance economic stability, and ensure sustainable growth.
• The ongoing engagement with the IMF highlights the broader quest for a more equitable global financial system.

The International Monetary Fund (IMF) and its relationship with struggling African economies has been intricate and multifaceted. Often characterized by a mixture of dependence and resistance, this partnership comes to the forefront during periods of economic distress.

African countries, facing challenges such as debt, the aftermath of COVID-19, and external pressures such as the Russia-Ukraine conflict, have found themselves turning to the IMF for bailout assistance.

This dynamic has reignited discussions around the IMF’s role in fostering economic stability and growth through financial support …

• The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative aims to close the $42 billion financing gap faced by women entrepreneurs, demonstrating that investing in women fosters gender-inclusive economic growth.
• By securing over $1.5 billion in investments for women-led SMEs and providing gender-smart banking training, AFAWA is changing financial institutions’ perceptions and practices, demonstrating the viability and profitability of supporting women entrepreneurs.
• AFAWA’s partnerships and educational programs build a more inclusive financial ecosystem, showcasing the initiative’s commitment to empowering women entrepreneurs and driving sustainable, inclusive economic development across Africa.

The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) aims to invest in women and close the significant financing gap they face. Women entrepreneurs in Africa confront a daunting $42 billion disparity in financing compared to their male counterparts, largely due to misconceptions about their creditworthiness and a lack of collateral. Despite these challenges, …

• Submarine cable systems form the crucial infrastructure at the heart of the global network and internet connectivity. 
• Seacom, a leading player in the submarine cable systems market, launched Africa’s first broadband submarine cable system in 2009.
• As Africa navigates digital infrastructure challenges, there’s hope on the horizon with several transformative internet projects poised to reshape the continent’s digital landscape.

The crucial role of submarine cable systems

The Internet is the backbone of modern communication, powering everything from global commerce to personal communications. At the heart of this global network lies a critical infrastructure often unseen and unthought of by the average user: submarine cable systems.

These undersea pathways are vital for international data exchange, carrying over 99 per cent of the world’s telecommunications traffic. A recent incident involving damage to Seacom’s cable in the Red Sea offers a stark reminder of the vulnerability of these underwater lifelines and the …

• Glovo has launched the ‘Glovo Africa Graduate Programme,’ an initiative seeking to boost the potential of young Kenyan talent while extending it to other African countries.

• The initiative is specifically tailored to recruit and develop promising Kenyan and African talent for the job market.

• Participants can explore roles in operations, quick-commerce, partners & brands, finance & strategy, and brand marketing services.

Glovo Africa Graduate Programme

Global technology platform for on-demand delivery, Glovo, has launched the ‘Glovo Africa Graduate Program’, an initiative seeking to boost the potential of young Kenyan talent while extending to other countries in Africa.

The announcement reiterated that the firm specifically targeted Kenyan graduates to bridge the gap between schooling and job market needs.

“In a move to harness the potential of young Kenyan professionals, we are thrilled to announce the commencement of our new graduate programme. The initiative is specifically tailored to recruit and develop …

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