The Kenyan health sector faces many challenges. To address some of those challenges and make the sector more inclusive, the government seeks cooperation with international partners.   South Korea will offer its vaccine and drug manufacturing expertise to strengthen Kenya's health sector. The information was disclosed by the Kenyan Ministry of Health in a release dated Thursday, May 11,...

The startup, which claims to have provided $1 billion in credit to about 3 million unbanked customers, is set to expand into South Africa and enter the electric motorcycle financing segment.  According to a report by Reuters on Monday, May 15, Kenyan financing platform M-Kopa successfully concluded a funding round, raising a total of $255 million in equity and loans. The funds...

The African Development Bank is set to roll out the first green finance facilities in two public financial institutions in Benin and Côte d’Ivoire as part of its ground-breaking African Green Bank initiative. The host institutions are La Caisse des Dépôts et Consignations du Bénin (CDC Benin) and the Ivorian National Investment Bank (BNI). As Africa’s premier development finance...

Traditional postal services face a looming challenge from the rapid advancement of digital technologies. To remain relevant in today's context, postal operators are undertaking efforts to modernize their services. To ensure the success of these modernization endeavors, they not only require effective methodologies but also need to enhance the skills of their workforce. The Universal Postal Union...

Zimbabwe has concluded a fourth Structured Dialogue Platform meeting on debt clearance with creditors and development partners. Government and development partners met Thursday 11 May, to review three draft policy reform matrices prepared by sector working groups on economic, governance and land tenure reforms. They also looked at compensation of former farm owners, and the resolution of...

Last January, the International Monetary Fund (IMF) approved a $38.4 million assistance program for Guinea-Bissau under the Extended Credit Facility (ECF). This new disbursement should bolster donor confidence and further catalyze essential concessional financing. IMF’s executive board approved the immediate disbursement of about $3.2 million for Guinea-Bissau following the...

The points discussed are crucial for the proposed reform of the World Bank, but they only focus on U.S. priorities. Yet the World Bank's new role in Africa and its collaboration with other regional institutions deserve attention. A memo from the U.S. Congress highlighted "key" points to inform U.S. lawmakers’ debate on the World Bank’s proposed reforms. One of the key points discussed that...

After securing €13 million in financing from the EBRD last November, Moroccan banking group BOA is once more reaching out to the European lender for more support.  The Bank of Africa (BOA) group is seeking €50 million ($54.6 million) from the European Bank for Reconstruction and Development (EBRD). The Morrocan group says it will use the financing to support SMEs in...

The program is expected to reduce debt vulnerabilities and support the fight against money laundering, terrorist financing, and climate adaptation efforts. The International Monetary Fund (IMF) announced, Thursday (May 11), a staff-level agreement with Senegal on an over $1.8 billion assistance program to support reforms aimed at enhancing the country’s economic resilience.  The...