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SepThe World Bank has approved a new $700 million loan for Nigeria to improve the education and empowerment of adolescent girls, according to a statement published on its website on Friday. The new loan will provide additional funding for the Adolescent Girls Initiative for Learning and Empowerment, which is an ongoing initiative.The statement read, “The World Bank has approved an additional $700 million for Nigeria to expand the Adolescent Girls Initiative for Learning and Empowerment programme, whose objective is to increase secondary education opportunities for girls in targeted states.”The additional funding will expand project activities from the current seven states […]
06
SepThe President of the African Development Bank, Akinwunmi Adeshina, announced on Tuesday that the institution will provide $25 billion for climate finance by 2050. During the second day of the momentous African Climate Summit, this announcement was made at the Kenyatta International Convention Centre in Nairobi, Kenya. The African Climate Summit is a first-of-its-kind initiative in Africa, with a central emphasis on green growth and climate finance, intended to foster a prosperous, carbon-free future for the continent. One of the primary goals of the summit is to establish Africa’s priorities for the 28th annual conference of members of the United[…]
04
SepThe African Development Bank (AfDB) and the Global Center on Adaptation will initiate a $1 billion climate adaptation initiative for African youth, according to AfDB president Akinwumi Adesina. Adesina made the announcement on Sunday at the African Climate Youth Assembly, which was held in Nairobi, Kenya, prior to the Africa Climate Summit. The initiative, dubbed “Youth Adapt,” will provide seed funding for ideas and enterprises led by young people, according to him. The AfDB president said the programme has in the past funded over 33 businesses of African adolescents across 19 countries, adding that some of the businesses have further[…]