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  • The African Development Bank’s Facility for Energy Inclusion attracts $160m in commitments for small-scale renewable energy

    The African Development Bank, the European Commission, KfW, the Clean Technology Fund, Norfund, and other investors have committed nearly $160 million to the first close of the Facility for Energy Inclusion or FEI.

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  • Côte d’Ivoire : une nouvelle génération formée à la pisciculture à Man, avec le soutien de la Banque africaine de développement

    Une formation technique sur la pratique de la pisciculture a été dispensée à 35 jeunes ivoiriens du 12 au 14 mars derniers à Man, dans l’ouest de la Côte d’Ivoire, avec le soutien financier de la Banque africaine de développement.

    Cette formation s’est déroulée dans le cadre de la mise en œuvre de la composante Appui à l’autonomisation des femmes et des jeunes du Projet de renforcement des réseaux de transport et de distribution de l’électricité (PRETD) du District des Montagnes.

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  • Coronavirus and Climate Change: Observing World Water Day

    The theme of this year’s World Water Day, observed on 22 March, is water and climate change. The issue has taken on greater urgency, given the global spread of coronavirus, also known as COVID-19, responsible for over 13,000 deaths worldwide to date.

    Hand washing with soap and water is the first line of protection against coronavirus. Scientists say soap renders coronavirus cells inactive and weakens the virus’ bonds to the skin.

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  • Egypt: the furniture industry generates jobs and wealth in Damietta

    As the early morning sun lights the roofs of Damietta, the Egyptian city’s streets begin to come alive. Children are off to school, motorbikes fill the avenues, and shop doors begin opening to welcome their first customers.

    It is early in the morning, but the excitement can already be felt in the “Masoud Elkholy Furniture” workshop. Forty people work in the 3,000m2 building, starting up machinery to create wooden furniture. Along with his two brothers, Elsaied Elkholy runs Masoud Elkholy Furniture, the brand founded by his father.

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  • New dawn for Somalia: Arrears owed to the African Development Bank Group cleared

    Arrears on loans owed by Somalia to the African Development Bank Group have been cleared following the payment in full of $122.55 million by the governments of the United Kingdom and the European Union, marking the end of sanctions and the resumption of full re-engagement between the Bank Group and the East African nation. 

    The long road to resolution of Somalia’s debt arrears began in 2014 and included the completion of three Staff Monitored Programs of the International Monetary Fund, and significant advances on a fourth program.

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