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.
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Circular migration is based on structured, value-added mobility between countries of origin and host...
BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitiz...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...
Mozambique central bank cut benchmark rate to 9.25% Inflation eased to 3.2% in December, supporting policy easing Thirteenth consecutive rate cut...
EABL first-half net profit jumped 38% to 11.2 billion shillings Revenue rose 11%, helped by resilient volumes and lower finance costs Interim dividend...
Perseus Mining gold output fell 14% to 431,684 ounces in 2025 Lower production reported at Ivorian mines and Ghana’s Edikan Output dip aligns with...
Namibia’s telecom regulator plans a phased switch-off of 2G and 3G networks starting in 2026. The country aims to rely on 4G, 5G, and low-Earth-orbit...
The Khomani Cultural Landscape is a cultural site located in northern South Africa, in the Northern Cape province, near the Kgalagadi Transfrontier Park....
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...