The African Development Bank (www.AfDB.org) has unveiled the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA). The initiative is aimed at insulating countries against catastrophic weather-related events. The facility, which will be hosted by the Bank, expands its pioneering Africa Disaster Risk Insurance Program into a facility that will develop insurance to help African countries, specifically, their agriculture sectors, prepare for, adapt and build resilience against adverse effects of climate change such as flooding and drought. African Development Bank Group President Dr. Akinwumi Adesina announced the new adaptation facility onRead More

The Board of Directors of the African Development Fund approved a donation of US$5.3 million to the Central African Republic in Abidjan on 6 September 2023 to contribute to the implementation of the Resource Mobilisation and Transparency of Development Policies Support Project. The support comes from Pillar 1 of the African Development Fund’s (https://apo-opa.info/44xftw1) Transition Support Facility, the African Development Bank Group’s (www.AfDB.org/en) concessional financing window. It will support capacity building for mobilising and managing internal resources, and developing and implementing more efficient, transparent public development policies. The project’s firstRead More

Commercial and retail ICT and connectivity solutions provider Telcables Nigeria (https://TelCables.co.za/), a subsidiary of Angola Cables, will be participating in the inaugural International Telecoms Week Africa 2023 (ITW) taking place from 12 to 14 September in Nairobi, Kenya. Telcables Nigeria Regional Director, Fernando Fernandes said that the event plays an important role in bringing together stakeholders, telcos and service providers who are actively engaged in advancing digital infrastructure in East as well as West Africa. “As a recently established entity serving Nigeria and its surrounding countries, TelCables Nigeria is inRead More