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The Board of Directors of the World Bank has approved a total of US$535 million to support three credit facilities aimed at helping improve economic governance and stabilizing Ghana's economy.
Rwanda entrepreneurs and others from the sub-Saharan Africa will benefit from a US aid agency and Western Union cash offer for Africans living in the US with business plans in Africa.
A week after the government received a sectoral budget support grant of 8.1 million Euros from the Federal Republic of Germany, another 5.56 million Euros financial agreement has been signed by the two countries.
The United States African Development Foundation (USADF) has signed a grant of $91, 464 to benefit the Physically Handicapped Association of Nigeria in Kaduna State (PHAN-Kaduna). The grant, according to report from the American embassy in the country, will be used to create income generating opportunities for members of the association.
The US Deputy Secretary of State for Management and Resources, Jacob Lew, has said that his country's role in humanitarian needs and emergency assistance will continue in the East African region.
Barack Obama makes his first visit to sub-Saharan Africa as president of the United States next week, following a trip to Russia as well as to Italy, where he will participate in a meeting of industrialized nations known as the G8. AllAfrica's Charles Cobb, Jr., Reed Kramer and Tami Hultman went to the White House to explore President Obama's views on Africa in advance of his visit. The interview ...
The Executive Board of the International Monetary Fund (IMF)on Wednesday approved a loan of 176 million US dollars for Mozambique over the next year to counter the effects of the world economic crisis.
Government officials in Zimbabwe are unhappy about a decision by the Global Fund to Fight AIDS, Tuberculosis and Malaria to ditch the National AIDS Council (NAC) as the principal recipient of its existing and future grants and to instead channel funds through the United Nations Development Programme (UNDP).
Amid mounting international opposition to a proposed referendum for President Mamadou Tandja to stay in power, the European Commission - one of Niger's largest donors - has warned of aid cuts if leaders do not respect constitutional order.
The African Development Bank (AfDB) is making preparations to start funding the Gibe III dam, a mega project on River Omo whose completion is expected to alleviate Kenya's perennial electricity crisis.
Tanzania has been cautioned that disbursements of General Budget Support (GBS) depend on her continued compliance with the underlying principles of the Partnership Framework Memorandum, including the fight against corruption.
OYAM district council chairman Charles Okello Engola Mac Odwogo has offered his monitoring allowances as school fees for Betty Amongi and her sister Grace Ajolo who dropped out of school in 2007.
This is that time of the year when reports about how well donors have performed in meeting their aid commitments are released. 2009 is unique because of the devastating effects of the global financial crisis and what is on everyone's mind is: will donors sustain their commitments or will they buckle under the heavyweight of the global financial crisis?
Without a doubt I vote H.E. Bingu wa Mutharika, the President of the Republic of Malawi, one of the best performing African Presidents. And the reason for it is simple; in 2004 when he came into power he made a pledge: “I will not be a president who goes around begging for food”. Unlike other rhetorical commitments we have often been treated to, he has put his words into action.
The European Union (EU) has offered 80,000 Euros to support local governments in the Niger Delta region, acting head of Delegation of European Commission to Nigeria Dr. Denis Thieulin has said.
GOVERNMENT has secured a US$60 million loan from a Tunisia-based African Export-Import Bank to boost tobacco production, Finance Minister Tendai Biti has said.
GOVERNMENT has extended a US$10 million support facility to Harare City Council to upgrade water and sewerage services with town clerk Dr Tendai Mahachi promising an ambitious 90-day plan to fully restore these key services.
THE Greek Embassy in Harare has donated US$650 000 to Zimbabwe to help fight cholera and assist in food relief projects.
After a slow start on Africa, the Obama administration is picking up the pace. President Barack Obama will make his first stopover in a sub-Saharan African country next week when he and First Lady Michelle Obama visit Ghana. (Egypt was included in a presidential trip last month.)
As more than 300 million Africans - or about one third of the continent's population - face chronic hunger, donors must honour their pledges to help boost agriculture, which is the key to ensuring food security, top United Nations officials say.
THE European Union Delegation to Nigeria yesterday announced that it had set aside 80 million Euros (N16.4 billion) to support local government councils in the Niger Delta with a view to aiding development of the region.
The United States African Development Foundation has provided financial support for the Physically Handicapped Association of Nigeria-Kaduna State (PHAN-Kaduna).
United States African Development Foundation, an agency of the government of the United States of America, has given a two-year grant, worth $91,464, to the Physically Handicapped Association of Nigeria, Kaduna State (PHAN), which is the apex organisation for all associations of the physically handicapped in the country.
Prime Minister Morgan Tsvangirai announced on Tuesday that the government had managed to secure US$950 million in credit lines from China, to help rebuild the country. Zimbabwe needs an estimated $8-$10 billion to rebuild the destroyed infrastructure and to ease the 90 percent unemployment rate.
The authorities in Somalia's self-declared republic of Somaliland have urged the international community to come to its aid to avert severe food shortages and hunger due to a prolonged drought in the region.
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