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Delegation of the European Union to Egypt
Source: Delegation of the European Union to Egypt |

European Commission provides €1 billion in macro-financial assistance to Egypt

This MFA, along with the second operation of €4 billion that is currently under discussion with co-legislators, forms a fundamental part of the EU-Egypt Strategic and Comprehensive Partnership

The European Commission has adopted a decision to disburse €1 billion in loans to Egypt following the fulfilment of the policy conditions agreed with the EU under the ongoing Macro-Financial Assistance (MFA). This disbursement, which corresponds to the first and only instalment, will take place in the coming days. This financial support…

African Development Bank Group (AfDB)

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    • The project supported by the African Development Fund through its Climate Action Window will help strengthen protection, conservation and sustainable use systems for natural capital and ecosystems in Madagascar
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Source: African Development Bank Group (AfDB) |

Madagascar: African Development Fund approves a grant of over $9 million to strengthen protection and sustainable use systems for natural capital and ecosystems

The project will help secure the land in the protected areas concerned and support the local economy through income-generating activities

The Board of Directors of the African Development Fund (https://apo-opa.co/4iITWIP) – the African Development Bank Group’s (www.AfDB.org) concessional financing window – approved a donation of $9.42 million to Madagascar to implement climate resilience through the Preservation of Biodiversity in National Parks Project. The grant, agreed on 18 December 2024 in…

U.S. Embassy in Liberia
Source: U.S. Embassy in Liberia |

The Millennium Challenge Corporation (MCC) Selects Liberia as Eligible for New Partnership

MCC and the U.S. Embassy look forward to working closely with the Government of Liberia to launch the compact development process

The Millennium Challenge Corporation (MCC) has selected Liberia as newly eligible to develop a compact. Liberia was selected as eligible in recognition of the country’s commitment to pursuing critical economic and democratic governance reforms. MCC expects all partner countries to continue to demonstrate an ongoing commitment to the principles of…

African Development Bank Group (AfDB)

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    • African Development Bank's Sustainable Energy Fund for Africa Invests $10 Million to Supercharge Climate Tech Innovation in Sub-Saharan Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank's Sustainable Energy Fund for Africa Invests $10 Million to Supercharge Climate Tech Innovation in Sub-Saharan Africa

This catalytic investment aims to unlock $70 million in funding for African climate-focused ventures

The African Development Bank (www.AfDB.org) has announced a $10 million investment from its Sustainable Energy Fund for Africa (SEFA) into the Persistent Africa Climate Venture Builder Fund (ACV Fund) to propel climate technology entrepreneurship across Sub-Saharan Africa. This catalytic investment aims to unlock $70 million in funding for African climate-focused…

African Development Bank Group (AfDB)

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    • The African Development Bank's loan to SNIM will facilitate the acquisition of up to 36 locomotives and 1,743 wagons to transport iron production to the Nouadhibou ore port
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Source: African Development Bank Group (AfDB) |

Mauritania: African Development Bank grants $150 million loan to Boost mining sector

The approval, granted on November 29, is part of SNIM’s $467 million logistics expansion program, which aims to double the transport capacity of its iron ore railway by 2030

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $150 million senior loan to Mauritanian state-owned iron ore firm Société Nationale Industrielle et Minière (SNIM) to increase its logistics capacity and strengthen the country’s mining sector.  The approval, granted on November 29, is part of…

African Development Bank Group (AfDB)

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    • West Africa: African Development Bank's (AfDB) Sustainable Energy Fund Africa to provide $10 million anchor investment in Arm-Harith Investment Fund for Sustainable Infrastructure
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Source: African Development Bank Group (AfDB) |

West Africa: African Development Bank Group's (AfDB) Sustainable Energy Fund Africa to provide $10 million anchor Investment in Arm-Harith Investment Fund for Sustainable Infrastructure

By investing in sustainable infrastructure and energy transition projects and emphasising innovation and first-of-a-kind developments, the Fund is expected to generate significant environmental, economic, and social benefits

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $10 million concessional equity investment in the ARM-Harith Successor Infrastructure Equity Fund to increase access to reliable electricity and modern transportation infrastructure as well as energy-efficient technologies in Nigeria and the wider West Africa region. The…

Energy Capital & Power

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    • Mike Sangster, Senior Vice President Africa at TotalEnergies E&P
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Source: Energy Capital & Power |

TotalEnergies’ Senior Vice President (VP) Africa to Address Congo’s Energy Future at Congo Energy & Investment Forum (CEIF) 2025

Mike Sangster, Senior Vice President Africa at TotalEnergies E&P, will showcase the company’s strategic investments and its pivotal role in advancing the Republic of Congo’s hydrocarbon sector

Mike Sangster, Senior Vice President Africa at TotalEnergies E&P, has been confirmed as a speaker at the inaugural Congo Energy & Investment Forum (CEIF), set to take place on March 25-26, 2025 in Brazzaville. Representing one of the world’s largest integrated energy companies, Sangster will highlight TotalEnergies’ ongoing efforts to…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Academy of Sciences Conference charts new path for continental scientific renaissance

The four-day event, themed "Empowering and Advancing Africa's Scientific Enterprise," features prominent voices in African science and development policy

The African Academy of Sciences (AAS) 15th Bi-Annual General Assembly and Scientific Conference opened with powerful calls for African scientific sovereignty and renewed investment in the continent's research capabilities. The four-day event, themed "Empowering and Advancing Africa's Scientific Enterprise," features prominent voices in African science and development policy. The 15th…

African Development Bank Group (AfDB)

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    • Visiting the IPD in January 2024, the President of the African Development Bank Group, Akinwumi Adesina ((1st right), announced its support for this important biomedical research centre in Africa
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Source: African Development Bank Group (AfDB) |

Global Partners Invest $45 Million to Boost African Vaccine Production

This collaboration will focus on expanding IPD’s state-of-the-art MADIBA facility, a hub for vaccine manufacturing, while driving job creation and economic growth

In significant efforts to strengthen public health and improve vaccine access in Africa, the U.S. International Development Finance Corporation, the African Development Bank (www.AfDB.org), and the International Finance Corporation (IFC) have jointly announced a $45 million financing package for VaxSen, a subsidiary of Senegal’s Institut Pasteur de Dakar (IPD). The…

Cassava Technologies

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    • Mr Hardy Pemhiwa - President and Group Chief Executive Officer at Cassava Technologies
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Source: Cassava Technologies |

Cassava Technologies Secures USD 310 Million in Funding and Completes Business Reorganization

This funding is a key part of Cassava’s plan to strengthen its balance sheet, drive sustainable profitable growth, and cement its position as a global technology company of African heritage

Cassava Technologies (Cassava) (www.CassavaTechnologies.com), a global technology leader of African heritage, proudly announces three significant milestones: a substantial equity injection, the successful completion of its South African Rand (ZAR) debt refinancing, and the finalization of its legal reorganization. These strategic initiatives position Cassava for robust growth underpinned by a strong…