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
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Arise IIP plans to invest more than $3 billion in Kenya over five years The company wi...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...
Mauritanian Zeine Zeidane has been appointed director of the IMF’s Africa Department. A former prime minister and an IMF official for more than a decade,...
Africa’s sports economy could expand from $12bn to $30-35bn over the next decade Tourism contributes up to 8% of GDP across the continent,...
A two-year partnership will support women entrepreneurs with finance and training The initiative targets underserved and refugee-hosting...
Chevron has taken a final investment decision on the Aseng Gas Monetisation project. The project targets 550 billion cubic feet of gas with an...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...