At U.S.-Africa Business Summit, MCC commits more than $1 billion in new programs for Africa

Millennium Challenge Corporation’s (MCC) Deputy Chief Executive Officer, Alexia Latortue, announced on Tuesday at the U.S.-Africa Business Summit that the agency will sign more than $1 billion of new economic growth programs in Africa by the end of 2022, underscoring the agency’s work to support the tremendous infrastructure needs of countries through grant financing and policy reforms.

COVID-19 worsens hunger in Nigeria’s commercial city of Lagos, 87-page report says

The economic impact of the Covid-19 pandemic has worsened the plight of families living in poverty in Lagos State, Nigeria and left many people struggling to afford food and meet other basic needs, Human Rights Watch and Justice & Empowerment Initiatives (JEI) said in a report released on Wednesday. The number of Nigerians experiencing hunger doubled during the pandemic.

IMF approves disbursement of $44.2 million to Sierra Leone to support recovery from COVID-19 economic turmoil

The executive board of the International Monetary Fund (IMF) on Tuesday approved a new disbursement of $44.2 million to Sierra Leone to support "the government’s policy and reform efforts aimed at reinforcing the country’s recovery from the pandemic, preserving macroeconomic stability, and sustaining inclusive long-term growth."

A-29 “Super Tucano” light attack aircraft arrive in Nigeria. It’s U.S. largest foreign military sales program in Sub-Saharan Africa valued at almost $500 million

The Super Tucano is a dual-pilot turboprop aircraft built as a workhorse combat air platform, equipped for intelligence, surveillance, and reconnaissance (ISR) and for precision air-to-ground strike missions. The next six aircraft are scheduled for delivery later this year.

Biden administration announces nearly $199 million in additional humanitarian assistance for Somalia

The United States, through the U.S. Agency for International Development (USAID) and The Department of State, on Tuesday, announced nearly $199 million in additional humanitarian assistance for Somalia. 

Biden administration sends 5 million COVID-19 vaccine doses to South Africa and 4 million doses to Nigeria

The Biden administration announced on Wednesday that it was sending 5 million doses of the Pfizer-BioNtech vaccine to South Africa and 4 million doses...

At U.S.-Africa Business Summit, MCC commits more than $1 billion in new programs for Africa

Millennium Challenge Corporation’s (MCC) Deputy Chief Executive Officer, Alexia Latortue, announced on Tuesday at the U.S.-Africa Business Summit that the agency will sign more than $1 billion of new economic growth programs in Africa by the end of 2022, underscoring the agency’s work to support the tremendous infrastructure needs of countries through grant financing and policy reforms.

COVID-19 worsens hunger in Nigeria’s commercial city of Lagos, 87-page report says

The economic impact of the Covid-19 pandemic has worsened the plight of families living in poverty in Lagos State, Nigeria and left many people struggling to afford food and meet other basic needs, Human Rights Watch and Justice & Empowerment Initiatives (JEI) said in a report released on Wednesday. The number of Nigerians experiencing hunger doubled during the pandemic.

IMF approves disbursement of $44.2 million to Sierra Leone to support recovery from COVID-19 economic turmoil

The executive board of the International Monetary Fund (IMF) on Tuesday approved a new disbursement of $44.2 million to Sierra Leone to support "the government’s policy and reform efforts aimed at reinforcing the country’s recovery from the pandemic, preserving macroeconomic stability, and sustaining inclusive long-term growth."

A-29 “Super Tucano” light attack aircraft arrive in Nigeria. It’s U.S. largest foreign military sales program in Sub-Saharan Africa valued at almost $500 million

The Super Tucano is a dual-pilot turboprop aircraft built as a workhorse combat air platform, equipped for intelligence, surveillance, and reconnaissance (ISR) and for precision air-to-ground strike missions. The next six aircraft are scheduled for delivery later this year.

White House says Biden’s economic plan “is working” as consumer confidence hits highest level since February 2020

The White House on Tuesday said President Joseph R. Biden's economic plan is working after the Consumer Confidence Index – a measure of consumers’ assessments of the economy – hit its highest level since February 2020.

IMF approves disbursement of $44.2 million to Sierra Leone to support recovery from COVID-19 economic turmoil

The executive board of the International Monetary Fund (IMF) on Tuesday approved a new disbursement of $44.2 million to Sierra Leone to support "the government’s policy and reform efforts aimed at reinforcing the country’s recovery from the pandemic, preserving macroeconomic stability, and sustaining inclusive long-term growth."

A-29 “Super Tucano” light attack aircraft arrive in Nigeria. It’s U.S. largest foreign military sales program in Sub-Saharan Africa valued at almost $500 million

The Super Tucano is a dual-pilot turboprop aircraft built as a workhorse combat air platform, equipped for intelligence, surveillance, and reconnaissance (ISR) and for precision air-to-ground strike missions. The next six aircraft are scheduled for delivery later this year.

READ – Remarks by Ambassador Linda Thomas-Greenfield at a Fireside Chat with Haydé Adams for the Corporate Council on Africa’s U.S.-Africa Business Summit

MS. ADAMS: Madam Ambassador, speaking on Africa Day earlier this year, you acknowledged that Africa has many challenges: COVID-19, of course, poverty, terrorism, amongst many others. But you also said that the Biden Administration understands that it needs to focus on the opportunities on the continent and not just the challenges. What are the greatest opportunities that the United States sees on the African continent today?  

Biden administration announces nearly $199 million in additional humanitarian assistance for Somalia

The United States, through the U.S. Agency for International Development (USAID) and The Department of State, on Tuesday, announced nearly $199 million in additional humanitarian assistance for Somalia. 

Outrage as Saudi Arabia jails Sudanese media personality and journalist for “insulting the state’s institutions and symbols” with tweet

prison on June 8, 2021, for “insulting the state’s institutions and symbols” and “negatively speaking about the kingdom’s policies” among other vague charges, Human Rights Watch said on Tuesday.
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READ – Remarks by Administrator Samantha Power at the Food Systems Summit 2021 Pre-Summit Ministerial

Last month, I had the chance to visit an agricultural training facility deep in the Western Highlands of Guatemala, a region with the highest rates of malnutrition in a country where nearly half of all children are malnourished. Here in this cutting-edge facility, farmers were learning the latest techniques to boost their productivity, save water, grow more nutritious crops, and adapt to climate shocks that threaten their harvests. The U.S. made a minor investment to build this facility—just $500,000—but because we were willing to move first, we were then able to leverage another $1 million dollars from the private sector. 

U.S. “closely monitoring” developments in Tunisia following suspension of parliament by President Kais Saied

The United States says it is "closely monitoring developments in Tunisia" after President Kais Saied suspended the parliament and sacked his rival prime minister.

Amnesty International calls for human rights to be upheld in Tunisia following suspension of parliament

Amnesty International said on Monday that Tunisian President Kais Saied should publicly commit to respecting and protecting human rights, including the rights to freedom of expression, association and peaceful assembly, after he suspended parliament and assumed some judicial powers.

USAID Administrator Samantha Power again pushes for an end to “atrocities and famine” in Tigray

U.S. Agency for International Development (USAID) Administrator Samantha Power on Monday one more time pushed for an end of "atrocities" and "famine" in Ethiopia's Tigray region.

Biden administration sends 5 million COVID-19 vaccine doses to South Africa and 4 million doses to Nigeria

The Biden administration announced on Wednesday that it was sending 5 million doses of the Pfizer-BioNtech vaccine to South Africa and 4 million doses...

Outrage as Saudi Arabia jails Sudanese media personality and journalist for “insulting the state’s institutions and symbols” with tweet

prison on June 8, 2021, for “insulting the state’s institutions and symbols” and “negatively speaking about the kingdom’s policies” among other vague charges, Human Rights Watch said on Tuesday.

U.S. “closely monitoring” developments in Tunisia following suspension of parliament by President Kais Saied

The United States says it is "closely monitoring developments in Tunisia" after President Kais Saied suspended the parliament and sacked his rival prime minister.

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Biden administration sends 5 million COVID-19 vaccine doses to South Africa and 4 million doses to Nigeria

The Biden administration announced on Wednesday that it was sending 5 million doses of...

U.S. Africa Command assists Tunisia with COVID-19 response

U.S. Africa Command, in coordination with the U.S. Embassy in Tunisia, provided 310 oxygen canisters containing over one million liters of oxygen to the Tunisian Ministry of Health on July 26.

United States signs $217 million agreement to fund power plant in Freetown, Sierra Leone

In a letter dated July 14, 2021, United States International Development Finance Corporation (DFC) committed to provide $217 million in debt financing for a new 83 megawatt power plant in Freetown, Sierra Leone. The Western Area Power Generation Project (WAPGP), sponsored by Milele Energy and TCQ Power Limited, will generate and sell electricity to the Electricity Distribution and Supply Authority (EDSA) pursuant to a 20-year power purchase agreement.

At U.S.-Africa Business Summit, MCC commits more than $1 billion in new programs for Africa

Millennium Challenge Corporation’s (MCC) Deputy Chief Executive Officer, Alexia Latortue, announced on Tuesday at the U.S.-Africa Business Summit that the agency will sign more than $1 billion of new economic growth programs in Africa by the end of 2022, underscoring the agency’s work to support the tremendous infrastructure needs of countries through grant financing and policy reforms.

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U.S. Africa Command assists Tunisia with COVID-19 response

U.S. Africa Command, in coordination with the U.S. Embassy in Tunisia, provided 310 oxygen canisters containing over one million liters of oxygen to the Tunisian Ministry of Health on July 26.

United States signs $217 million agreement to fund power plant in Freetown, Sierra Leone

In a letter dated July 14, 2021, United States International Development Finance Corporation (DFC) committed to provide $217 million in debt financing for a new 83 megawatt power plant in Freetown, Sierra Leone. The Western Area Power Generation Project (WAPGP), sponsored by Milele Energy and TCQ Power Limited, will generate and sell electricity to the Electricity Distribution and Supply Authority (EDSA) pursuant to a 20-year power purchase agreement.

At U.S.-Africa Business Summit, MCC commits more than $1 billion in new programs for Africa

Millennium Challenge Corporation’s (MCC) Deputy Chief Executive Officer, Alexia Latortue, announced on Tuesday at the U.S.-Africa Business Summit that the agency will sign more than $1 billion of new economic growth programs in Africa by the end of 2022, underscoring the agency’s work to support the tremendous infrastructure needs of countries through grant financing and policy reforms.

COVID-19 worsens hunger in Nigeria’s commercial city of Lagos, 87-page report says

The economic impact of the Covid-19 pandemic has worsened the plight of families living in poverty in Lagos State, Nigeria and left many people struggling to afford food and meet other basic needs, Human Rights Watch and Justice & Empowerment Initiatives (JEI) said in a report released on Wednesday. The number of Nigerians experiencing hunger doubled during the pandemic.

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U.S. Africa Command assists Tunisia with COVID-19 response

U.S. Africa Command, in coordination with the U.S. Embassy in Tunisia, provided 310 oxygen canisters containing over one million liters of oxygen to the Tunisian Ministry of Health on July 26.

United States signs $217 million agreement to fund power plant in Freetown, Sierra Leone

In a letter dated July 14, 2021, United States International Development Finance Corporation (DFC) committed to provide $217 million in debt financing for a new 83 megawatt power plant in Freetown, Sierra Leone. The Western Area Power Generation Project (WAPGP), sponsored by Milele Energy and TCQ Power Limited, will generate and sell electricity to the Electricity Distribution and Supply Authority (EDSA) pursuant to a 20-year power purchase agreement.

Economy

White House says Biden’s economic plan “is working” as consumer confidence hits highest level since February 2020

The White House on Tuesday said President Joseph R. Biden's economic plan is working after the Consumer Confidence Index – a measure of consumers’ assessments of the economy – hit its highest level since February 2020.

IMF approves disbursement of $44.2 million to Sierra Leone to support recovery from COVID-19 economic turmoil

The executive board of the International Monetary Fund (IMF) on Tuesday approved a new disbursement of $44.2 million to Sierra Leone to support "the government’s policy and reform efforts aimed at reinforcing the country’s recovery from the pandemic, preserving macroeconomic stability, and sustaining inclusive long-term growth."

U.S., World Bank Group agree to “coordinate action” to “alleviate suffering” in Ethiopia’s Tigray region

The discussions took place on Thursday when the U.S. Agency for International Development (USAID) Administrator Samantha Power met virtually with World Bank Group (WBG) President David Malpass.

Without urgent action, COVID-19 vaccine inequity will have “lasting and profound impact” on socio-economic recovery in low- and lower-middle income countries, new report warns

In a joint statement on Thursday, the United Nations Development Program (UNDP), the World Health Organization (WHO) and the University of Oxford warned that COVID-19 vaccine inequity will have "a lasting and profound impact on socio-economic recovery in low- and lower-middle income countries without urgent action to boost supply and assure equitable access for every country."

New Moody’s report says Biden’s economic agenda will add almost 2 million jobs per year on average over a decade

President Biden's bipartisan infrastructure framework and Build Back Better...

World Bank Group and International Monetary Fund 2021 Annual Meetings to hold in person and online from October 11

The 2021 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) will take place from Monday, October 11, through Sunday, October 17.

Irregularities mar COVID-19 cash transfers in Kenya

Kenyan authorities failed to design a social security program that would guarantee everyone, not just a few, an adequate standard of living during the pandemic, Human Rights Watch said in a report released on Monday.

IMF approves three-year US$1.52 billion loan for DR Congo

The Executive Board of the International Monetary Fund (IMF) on Thursday approved a three-year US$1.52 billion financial arrangement under the Extended Credit Facility (ECF) for the Democratic Republic of the Congo (DRC).

African heads of state end Abidjan meeting with strong resolution to accelerate economic recovery from COVID-19 turmoil

Abidjan on Thursday with a strong resolution to accelerate economic recovery from the shocks of the COVID-19 pandemic, scale-up investments in human capital, and increase their job creation efforts. They called for a robust twentieth replenishment of the World Bank Group’s International Development Association (IDA20) to support these efforts.

U.S. Deputy Secretary of the Treasury Adewale Adeyemo meets with International Company Business Leaders

hosted a roundtable discussion with a group of business leaders from the Global Business Alliance representing international companies with significant U.S. operations.

Everything you need to know about the Biden new house

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