A national report found that climate change could cause annual losses ranging from 3 to 4.5% of Côte d'Ivoire's GDP between 2023 and 2030. The Ivorian government is therefore seeking financial support, this time from the International Monetary Fund (IMF), to reduce the country's vulnerability. Côte d'Ivoire plans to secure financial support from the International Monetary Fund's (IMF)...

As the Democratic Republic of Congo (DRC) prepares for general elections scheduled for December 20, the eastern region remains conflict-ridden, facing persistent attacks from the M23 rebel group. In a significant turn of events, M23 rebels have taken control of Mweso, a city located about a hundred kilometers north of Goma in the North Kivu province, right in the midst of the ongoing electoral...

Honoris United Universities, the first and largest panAfrican network of private higher education institutions, is pleased to announce the latest addition to its group: The Animation School in South Africa. Renowned as one of the global leaders in animation training, The Animation School will join Honoris to cultivate the creative trailblazers of tomorrow in one of the fastest-growing sectors on...

In Senegal, the Kedougou region, located 700 km from Dakar, contributes significantly to the country’s economic development. The paradox, however, is that this region is one of the nation’s poorest. A situation that poses a security risk for Senegal, according to the Institute for Security Studies (ISS). The Senegalese government has adopted a $1 billion (CFA600 billion) investment plan...

Driven by gold mining, Burkina Faso's mining sector accounts for 16% of GDP and 80% of exports, according to the latest EITI data. To increase the sector's contribution to the economy, the government said it will build a refinery to process gold locally. Burkina Faso’s President, Ibrahim Traoré, laid the foundation stone for a national gold refinery on November 23, 2023. With an annual...

The African Development Bank’s Country Strategy Paper (CSP) for Tanzania has been implemented over the last two years with the programmed operations during the period producing results that exceed expectations, according to the mid-term review of the CSP 2021-2025 published on 9 November. The rate of access to drinking water in the project areas in Arusha, which was 60 percent of the...

The multipurpose industrial terminal of San Pedro (TIPSP), operated by Arise Ports & Logistics, is celebrating a major milestone in its activities through its first iron ore export operation on behalf of its customer PIMCO Mali by loading 62,415 MT into the MV Lowlands Mimosa vessel. The vessel docked on the morning of Sunday November 19, 2023, and completed loading at dawn on November 21, 2023 m...

The fifth edition of the Conference on Land Policies in Africa (CLPA) began on Tuesday, November 21, 2023, at the AU headquarters in Addis Ababa, Ethiopia. Discussions on the first day focused on various topics, including successful land reforms in Africa and their connections to intra-African trade. On-site, Ecofin Agency interviewed one of the panelists, Alaina Yacoub Possey, Secretary-General...

Meeting in Abidjan on Wednesday 22 November 2023, the Board of Directors of the African Development Bank Group approved a €86.89 million loan to Senegal to develop an agribusiness processing zone in the north of the country. The Bank's contribution accounts for 30.7% of the estimated €283.05 million total project cost. The Islamic Development Bank (21.2%), the West African...

The Board of Directors of the African Development Bank Group approved a donation of EUR 34.27 million to Chad in Abidjan on 17 November 2023, to implement the second phase of the Semi-urban and Rural Drinking Water Supply and Sanitation Programme in 11 of the country’s regions. The financial support comes from resources under Pillar I of the Transition Support Facility. The project aims to...