Browsing: European Union

The European Investment Bank (EIB) has launched a new initiative to boost gender equality and female economic empowerment. The aim of SheInvest is to mobilise EUR 1 billion of investment that can benefit millions of women across Africa with better access to finance and by making sustainable infrastructure services and products work for them.

This initiative was launched simultaneously at the Africa Investment Forum in Johannesburg and at the EIB headquarters in Luxembourg.

Building on experience in northern and sub-Saharan African countries as well as in gender-focused lending, the EIB will step up efforts to further invest in projects, sectors and markets that have a transformative effect on gender equality and can increase the capacity of women and girls to participate in the economy and labour market.

“Unlocking the potential of women is key to boosting Africa’s economic growth. In several African countries many women still lack access to basic …

Kenya’s President Uhuru Kenyatta has challenged fellow world leaders to pursue climate change adaptation and mitigation measures that secure people’s livelihoods and expand economic opportunities.

The President said sustainable climate action is largely about people and their livelihoods adding that no one should be left behind in efforts to combat climate change.

READ ALSO:AfDB pledges USD25 billion to mitigate climate change effects

The President who spoke at the Climate Change Summit held on the sidelines of the ongoing United Nations General Assembly in New York said Kenya is fully committed to the fight against climate change.

READ:Kenya renews Climate Change action plan commitment at COP24 talks

“Our commitment to tackling climate change is deep and arises out of the need to secure our future and that of our children, as we have been victims of droughts and declining rainfall, which have destroyed our lives and livelihoods and …