The World Bank approves $54.5 million to implement a natural resource management project in Chad. The Financing will help improve the livelihoods of people in areas vulnerable to climate change in the Ouadi Rime and Ouadi Achim (OROA) reserve located in the north-central part of the Sahelo-Saharan region of Chad. It is part of the ALBIÄ project which aims to improve the livelihoods of communities while safeguarding biodiversity and reducing the impacts of climate change.
With this new funding, granted via the International Development Association (IDA) and the Global Environment Facility (GEF), the Bretton Woods institution hopes to reduce the poverty rate in the targeted region. In total, nearly 70,000 people living in the five priority areas around the reserve will benefit from the project.
“This project focuses on remote rural areas with high poverty rates and a high vulnerability to climate change. In doing so, it contributes directly to the World Bank's objectives in the fight against extreme poverty and the promotion of shared prosperity in a sustainable manner,” said Soukeyna Kane, World Bank Country Manager for Chad.
Moutiou Adjibi Nourou
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...
Nigeria opened a formal investigation into Temu over alleged violations of its 2023 data protectio...
The main point of contention between Niamey and France’s Orano concerns the uranium stock extracted ...
Nigeria misses 2025 targets under Presidential CNG Initiative About 300 centers, 40 stations built since 2023 Government aimed for 500 centers, 150...
Puleng Pitso, Investment Officer at Ninety One | Emerging Africa and Asia Infrastructure Fund (EAAIF), explains how the fund acts as the architect of...
Ghana to receive 100 buses for Metro Mass Transit Government plans over 300 buses by year-end Operational fleet fell from 1,000 to about...
Burkina Faso, Ghana sign seven cooperation agreements Feb. 20 Deals cover transport, border review, narcotics, disaster response Bilateral trade...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...