Author: Kmaupdates
The partnership entails IsDB and ICIEC’s membership in the Energy Transition Accelerator Financing Platform (ETAF), a multi-stakeholder climate finance solution managed by IRENA DUBAI, United Arab Emirates, December 5, 2023/ — The Islamic Development Bank (IsDB), and its multilateral credit and political risk insurer “The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org), signed a Collaborative Partnership Agreements with The International Renewable Energy Agency (IRENA) on December 2nd, 2023, on the sidelines of COP28’s celebrations. These significant agreements solidify IsDB and ICIEC’s commitment to advancing the global energy transition and supporting sustainable development goals. The partnership entails…
Italy’s contribution aligns with the broader goals of COP28, particularly the objective of tripling the deployment of renewable energy DUBAI, United Arab Emirates, December 5, 2023/ — Italy has made a new commitment of €5 million to Africa’s sustainable energy future through the Sustainable Energy Fund for Africa (SEFA) (https://apo-opa.co/46J7nRR) Special Fund. The Italian Deputy Minister of Environment and Energy Security, Vannia Gava, announced the new contribution on Monday during a side event at the 2023 United Nations Climate Change Conference, COP28 (https://apo-opa.co/4a9nonc), in Dubai, United Arab Emirates. “This new contribution of €5 million to the Sustainable Energy Fund for Africa (SEFA) Special…
Ecobank SADC Cluster Head, Mr. Moses Kurenjekwa (2nd right) and Zimbabwe’s Head of Customer Experience, Mr. Tichaona Gandanhamo (2nd left) with The Banker’s Bank of The Year Award trophies for Benin, Guinea, Liberia, Mali and Togo. The five affiliates defied stiff competition to emerge the best in their respective markets. They were flanked by officials from The Banker Awards team. Ecobank Benin, Ecobank Guinea, Ecobank Liberia, Ecobank Mali and Ecobank Togo were all named ‘Bank of the Year 2023’ in their respective countries LOMÉ, Togo, December 5, 2023/ — Ecobank (www.Ecobank.com), the leading pan-African Banking Group, is proud to announce that…
Confirmed as one of the most stable and important investment destinations on the continent, Tanzania prepares to host the fifth annual Tanzania Energy Cooperation Summit (TECS) from 31 January to 1 February 2024 in Arusha, home of the East African Community (EAC) LONDON, United Kingdom, December 5, 2023/ — Investors from across industry, finance and government are convening to showcase Tanzania’s potential. Potential that is epitomised by a country now ranked third in sub-Saharan Africa for future investment, that is expected to see 6% GDP growth by 2025, and that has seen hundreds of millions, if not billions, of dollars…
The Ministry of Energy and Minerals Development is seeking a supplementary budget amounting to Shs128 billion to connect 200,000 households in the running financial year. This is part of Shs318 billion that the Ministry presented before the House Committee on the Budget on Tuesday, 05 December 2023. “This amount is external financing from the World Bank for the Electricity Access Scale Up Project (EASP) that was suppressed during appropriation, given that the project had not achieved effectiveness,” said Hon. Sidronious Okaasai, the Minister of State for Energy. The Budget Committee is processing a supplementary budget of Shs3.5 trillion for the…
The process to regulate Uganda’s sugar industry has commenced with the tabling of the Sugar (Amendment) Bill, 2023 which provides for the Uganda Sugar Industry Stakeholder Council. The Uganda Sugar Industry Stakeholder Council will replace and take on duties of the Sugar Board created by the Sugar Act 2020, and regulate the sugar industry in the country. The Sugar (Amendment) Bill, 2023 was tabled for first reading by the Minister of State for Trade, Industry and Cooperatives (Industry), Hon. David Bahati, during plenary sitting, on Tuesday, 05 December 2023. Section 13 of the Sugar Act established the Sugar Board as…
Crafting an effective business strategy is akin to charting a course through constantly changing terrain. The effectiveness of a strategy lies in the strength of the information used to build that strategy and its adaptability to the dynamic ecosystem within which it exists – one that is determined by predictable and not-so-predictable influences. In this landscape of uncertainty and rapid change, the integration of contextual intelligence is a transformative force, empowering businesses to enjoy sustainable growth and success with precision and foresight. “Context is an invaluable asset for a business – it is an amazing resource to fuel…
MTN Webphone with Webex is a revolutionary solution that allows users to make calls seamlessly through a user-friendly app, similar to making WhatsApp calls. This innovative service transcends geographical boundaries, ensuring connectivity regardless of location. Notably, it stands out as a communication lifeline even for those without smartphones, such as individuals using feature phones like Katochi or lacking internet access. The versatility of MTN Webphone shines as it caters to diverse needs. For business professionals, particularly those involved in international trade, having this service ensures constant accessibility for clients, regardless of the user’s physical location. The ability to receive calls…
©IFAD/David Paqui Gender equality in rural areas essential to climate change adaptation, says IFAD President Three new initiatives in Burkina Faso, Ethiopia and India to support 1 million women Rome/Dubai, 4 December 2023 – In the face of escalating climate change impacts on vulnerable rural populations globally, Alvaro Lario, the President of the UN’s International Fund for Agricultural Development (IFAD) emphasized today that promoting gender equality in rural communities is essential to climate change adaptation, with women acting as powerful catalysts of change. “We call on the international community to increase investments geared towards building rural women and…