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World Bank

10 Results / Page 1 of 2

Background

Africa

Davos: Global economists see bright spots in Africa growth prospects

By Conrad Onyango, bird story agency Top economists agree that Africa's economic prospects for 2024 are positive, as small countries sparkle in the face of sluggish global growth projections. Chief economists from the World Economic Forum, World Bank and United Nations project Africa’s economy will defy the impacts of weak investments, debt crises, inflation, tight financial conditions and extreme weather patterns to record an improvement over 2023. A strong majority […]

todayJanuary 19, 2024 4

Opinion Pieces

At Davos Forum, Secretary-General Warns of Global Norms Collapsing, Highlights Need to Rebuild Trust, Reform Governance

UN Secretary-General António Guterres’ remarks to the World Economic Forum, in Davos, Switzerland: Thank you very much for your warm welcome. It’s good to be back — to be back and to see Davos highlighting the global crisis in trust.  I believe this crisis is the direct result of a paradox facing our world. In the face of the serious, even existential threats posed by runaway climate chaos, and the […]

todayJanuary 18, 2024

Africa

AfCFTA to boost regional trade by 80%

More than half of African countries will use the rules of a continental free-trade pact this year as the continent moves closer to fully integrating into a single market. According to Bloomberg News, AfCFTA Secretary-General Wamkele Mene told a World Economic Forum panel in Davos Tuesday that of the 47 countries that have ratified the African Continental Free Trade Area, 31 will join the trade initiative, up from seven in […]

todayJanuary 17, 2024 3

Africa

COP28: The deals so far

From historic agreements on Loss and Damage, to transformative declarations on food systems and health, COP28 could mark a monumental shift in how the world addresses environmental challenges. Here are some of the deals announced so far. COP28 has mobilized over $83 billion in funding, setting the pace for a new era in climate action. These include the first ever declarations on food systems transformation and health, plus declarations on […]

todayDecember 12, 2023 2

Africa

African countries lost control to foreign mining companies – the 3 steps that allowed this to happen

By Ben Radley, University of Bath Within a few years of independence, African governments asserted sovereignty over their metal and mineral resources. Prior to this, the resources were exploited by European mining corporations. Since the 1990s, transnational corporations have once again become the dominant force as owners and managers of major mining projects. Ben Radley has researched economic transformation in central Africa, with a particular focus on resource-based industrialisation. He […]

todayDecember 4, 2023 2

Namibia

President Geingob defends international travel

President Hage Geingob has called on the media to concentrate their reporting on important issues instead of trivial ones like the travel allowance of politicians. During his annual press briefing at State House on Monday, Geingob digressed from his prepared speech to address the media criticism of his and his ministers’ traveling, reportedly to benefit from travel and subsistence allowances (S&Ts). “You see how I am standing here, because I […]

todayNovember 28, 2023

Agricultural communities

Africa

Climate adaptation funds are not reaching frontline communities: what needs to be done about it

By Katherine Browne, Stockholm Environment Institute Communities around the world face increasingly severe and frequent impacts from climate change. They are on the “frontlines” of droughts, flooding, desertification and sea level rise. International climate finance is supposed to help. In the 2015 Paris Agreement, the world’s wealthiest countries pledged US$50 billion annually to support climate adaptation among those “particularly vulnerable” to climate change. Climate adaptation is the adjustments humans make to […]

todayNovember 27, 2023 2

green bonds

Africa

African nations are increasingly favouring green bonds over emissions trading to power their transition to green energy.

By Conrad Onyango, bird story agency African countries are now favouring raising funds for projects that have positive climate and sustainability outcomes over emissions trading as green bond issuances soar across the continent. While legislative plans to regulate the sale of carbon credits are proliferating the continent, this race has been beset by controversies, with critics claiming it allows companies to continue polluting without reducing their emissions. Green bonds are becoming […]

todayNovember 15, 2023 3

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