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African economies remain resilient with average growth projected to stabilize at 4.1 percent: AfDB
Addis Ababa, May 24, 2023 (FBC) – The African Economic Outlook 2023 is being published as African countries are dealing with multiple shocks, including the effects of the COVID-19 pandemic,…
Africa to Celebrate 60th Anniversary of OAU-AU on Africa Day in Addis Ababa
Addis Ababa, May 24, 2023 (FBC) – On May 25th, the African continent will celebrate the 60th anniversary of the Organization of African Unity (OAU) and its successor, the African Union.…
Dry conditions expected in northern parts of the Greater Horn of Africa: ICPAC
Addis Ababa, May 24, 2023 (FBC) – IGAD’S Climate Prediction and Applications Centre (ICPAC) today announced that the June to September (JJAS) 2023 forecast shows high chances of drier than…
WFP appeals for $810mln to keep life-saving assistance going, invest in long-term resilience in HOA
Addis Ababa, May 24, 2023 (FBC) – Hunger emergency far from over in crisis hit Horn of Africa, said the World Food Programme (WFP), appealing for US$810 million over the next six months to…
AIF showcases $1.475 billion in green, renewable energy deals at AfDB2023 Annual Meetings
Addis Ababa, May 24, 2023 (FBC) - The Africa Investment Forum presented four renewable energy and sustainability projects worth nearly $1.5 billion to investors on the sidelines of the…
AfDB chief says dearth of climate finance flows “choking” Africa
Addis Ababa, May 23, 2023 (FBC) - A lack of adequate financing for tackling climate change in Africa has become dire and is “choking” the continent, African Development Bank Group President…
Member States agree to WHO’s Programme Budget for 2024-2025
Addis Ababa, May 23, 2023 (FBC) - Member States agree to the WHO’s Programme Budget for 2024-2025 and committed to a 20% increase of assessed contributions (membership fees).
During…
African Ministers call for reforms of IMF’s Special Drawing Rights system
Addis Ababa, May 23, 2023 (FBC) - African Ministers of Finance, Planning and Economic Development have called for reforms of the IMF’s Special Drawing Rights (SDR) system to strengthen the…
IGAD reiterates commitment to continue working with UN, AU towards ceasefire in Sudan
Addis Ababa, May 19, 2023 (FBC) - Addressing the UN Security Council meeting on Sudan, Executive Secretary of Intergovernmental Authority on Development (IGAD), Workneh Gebeyehu (PhD)…
Canada reaffirms commitment in supporting AUC’s STYIP, Agenda 2063
Addis Ababa, May 22, 2023 (FBC) – Deputy Chairperson of the African Union Commission (AUC), Monique Nsanzabaganwa, met with Minister of International Development of Canada Harjit Singh…