The 26th UN Climate Change conference COP 26, which began on Sunday, October 31, is already delivering its first results. Yesterday, several countries announced the creation of a $1.5 billion fund to protect the Congo River basin.
According to an official statement from the UK government, 12 donors will finance the fund between 2021 and 2025. London announced a commitment of $409 million to protect this area, which is home to "the world's second-largest rainforest and threatened by industrial logging, mining, and farming."
Spanning six countries (Cameroon, Central African Republic, DRC, Congo, Equatorial Guinea, and Gabon), the Congo Basin is considered the world's second-largest forest after the Amazon. World Wild Fund reported that the Congo Basin has fed and provided shelter to 75 million people for over 50,000 years.
The scientific community and international leaders are increasingly focusing on the protection of Africa, which is considered one of the first victims of global warming. On the sidelines of COP 26, the Collective of Environment Ministers and researchers for the defense of the Congo Basin called for the mobilization of $150 million to implement a 10-year research program to improve scientific data on this area.
A global agreement of $19.2 billion was also announced to end deforestation by 2030. It was signed by leaders whose countries account for 85% of the world's forest area. While many such commitments have been made in the past without being met, observers remain skeptical about these new initiatives.
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
Endeavour Mining injected $2.8 billion into the economies of Côte d’Ivoire, Burkina Faso, and Senegal in 2025. The total marks a 27% increase...
Moroccan engineering firm REMORA has completed a wheat flour mill in Senegal with capacity of 500 tons per day. Wheat consumption in Senegal has risen...
Cameroon, UNHCR discuss linking refugee hosting with national development Country hosts nearly one million internally displaced people Talks focus on...
Cameroon prepares €198.8 million financing for Ebolowa–Akom II–Kribi road Works expected to start between March and April 2026 Project aims to...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...
In April 2026, the Amani Festival will change venues. Forced to leave Goma for Lubumbashi due to growing insecurity, the event turns displacement into an...