Month: July 2025

 As part of her ongoing participation in the Fourth International Conference on Financing for Development in Seville, Spain, within the Egyptian delegation headed by H.E. Prime Minister Dr. Mostafa Madbouly, on behalf of H.E. President Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Economic Development and International Cooperation, participated in a number of events concerning expanding fiscal space for developing […]

 The newly appointed Minister of Oil and Gas of Gabon HE Sosthène NGUEMA is shifting its focus to deepwater oil and gas exploration under efforts to bring new projects online and mitigate Central and West African production decline. With 72% of the country’s deepwater acreage unexplored and only 28% developed to date, the country has set plans in motion to revise existing petroleum laws to offer fresh incentives that encourage […]

 The Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Nigeria.(1) The Nigerian authorities have implemented major reforms over the past two years which have improved macroeconomic stability and enhanced resilience. The authorities have removed costly fuel subsidies, stopped monetary financing of the fiscal deficit and improved the functioning of the foreign exchange market. Investor confidence has strengthened, helping Nigeria successfully tap the Eurobond market […]

 The African Development Bank Group (www.AfDB.org) and the United Nations Human Settlements Programme (UN-Habitat) have signed a Memorandum of Understanding to enhance collaboration and accelerate action on sustainable urban transformation across the continent. Under the agreement, the organizations will jointly develop action plans that combine technical assistance, policy support, capacity-building, and knowledge exchange to local governments in four key spheres: urban governance, housing, municipal finance, and infrastructure development. The agreement […]

 The United Nations World Food Programme (WFP) welcomes generous contributions from the Republic of Korea for the second consecutive year, totalling US$ 7.6 million to improve food security for communities affected by multiple shocks in northern Mozambique. The contributions, comprising more than 5,000 metric tonnes of high-quality rice, will enable WFP to deliver life-saving food assistance to over 233,000 vulnerable people in Cabo Delgado Province. The Republic of Korea has […]

 In mid-May, 57-year-old Pierre* was admitted to a health centre in the Lubero area after suffering from severe itching on his right hand, followed by pruritus and a swelling of his forearm. He was treated and, given the unusual symptoms, samples were collected and sent for analysis at the laboratory of the Institut National de Recherche Biomédicale (INRB) in Goma.  An alert was previously issued at the end of March […]

 The United Kingdom has significantly reinforced its commitment to boosting Ethiopia's economic landscape, with Baroness Jane Ramsey of Wall Health, the UK Prime Minister's Trade Envoy to Ethiopia, leading a crucial meeting with H.E. Semereta Sewasew, State Minister at the Ministry of Finance. As one of only 32 global Trade Envoys, Baroness Ramsey expressed her profound honor in her role and her eagerness to cultivate strong ties with Ethiopian partners […]

 The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, has been recognized with a GTR (Global Trade Review) Best Deals of 2025 for its innovative US$150 million Murabaha financing facility, to support Türkiye’s post-earthquake economic recovery. Executed in close partnership with the Ministry of Treasury and Finance of the Republic of Türkiye, the Industrial Development Bank of Türkiye (TSKB), and the Development […]

 The United Nations World Food Programme (WFP) has welcomed a contribution of EUR 5 million from the European Union (EU) to support income-generating activities to enhance self-reliance and food security for refugees and host communities in Uganda. Uganda hosts 1.9 million refugees and asylum seekers, making it the largest refugee-hosting country in Africa. The Government of Uganda’s national refugee policy allows refugees to work and move freely, but economic opportunities […]