• June 6, 2023

At-least 7 schoolgirls drowned in the sinking of a canoe in Guinea

At least seven young schoolgirls who were going to take college entrance exams on Monday drowned after their canoe capsized on the Niger River near the town of Kouroussa in Upper …

More than 2 million displaced, humanitarian aid is slipping in Burkina

Violence linked to Al-Qaeda and the Islamic State group has made Burkina Faso one of the fastest-growing internally displaced populations in the world, with the number of displaced people increasing by …

8 dead in South Africa shooting at men’s hostel near Durban

Gunmen burst into a room at a men’s hostel near the eastern South African city of Durban, killing eight people and leaving two others injured, police said Sunday, in the latest …

Africa could lose up to $50 billion by 2040 due to the effects of climate change, even though it emits only 4% of greenhouse gases. Africa is, therefore, the continent most exposed to climate change, but also the most fragile.

With repeated episodes of flooding and high temperatures driving millions of people from their homes each year, economists are advocating green finance. However, the continent faces a huge challenge: the difficulty of raising green funds even though the mechanisms exist. For example, in the carbon credit market, the continent has only raised 2% of its potential and 1% of green bonds according to the Economic Commission for Africa.

So what role can banks play in mobilising these green funds? Economist Georges Vivien Hougbonon believes that “as Africa industrialises, it can embark on renewable energy in its industrialisation process. The instruments exist, whether at the level of banks or investment funds, which are increasingly oriented towards green

Morocco: The Agriculture Show returns after a three-year absence

Morocco will record a rebound in growth of 3.3% in 2023, more timid than expected and provided that the agricultural campaign is spared the historic drought of recent years, according to projections by the High Commission for Planning. This situation has had a strong impact on the agricultural show which marked its fifteenth anniversary in Meknes, in the north of the country.

Zimbabwe: a crypto-currency at what price?

The Reserve Bank of Zimbabwe is coming up with a number of solutions to control inflation and deal with liquidity problems. After selling gold to the public, coins that could be used as collateral for loans and credit facilities, it introduced a gold-backed crypto-currency this month despite the reluctance of the International Monetary Fund.

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