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Ivory Coast is launching a $500 million green-financing facility aimed at combating climate change, supported by the African Development Bank and the Climate Investment Funds. This initiative is part of the country's strategy to reduce greenhouse gas emissions by one third by 2030 while enhancing climate resilience.
Resolute Mining Ltd's CEO has been detained in Mali amid a regulatory overhaul in West Africa, as governments seek to boost revenue from natural resources. The military junta in Mali is intensifying its scrutiny of mining operations, affecting both Resolute and Barrick Gold Corp., which faces similar challenges. Other countries in the region, including Niger and Burkina Faso, are also revising mining codes and conducting audits.
At COP29, a fierce debate over the New Collective Quantified Goal (NCQG) is anticipated, as wealthy nations seek to shift responsibilities to emerging donors and the private sector. Despite a doubling of climate finance to $1.46 trillion, a significant increase is needed to meet climate goals, with vulnerable nations facing a funding gap of $187-359 billion for adaptation efforts. Meanwhile, major oil and gas producers plan to expand production, undermining global climate commitments and risking lower returns for investors in the LNG sector.
Tidjane Thiam, former CEO of Credit Suisse and current president of the PDCI, faces serious allegations of espionage that threaten his political aspirations in Côte d'Ivoire. Accusations include overseeing the surveillance of businessman Damien Dernoncourt and other executives, raising doubts about his integrity and suitability for leadership. As investigations continue, Thiam must confront his controversial past to gain the trust of Ivorian citizens.
A study co-funded by the African Development Bank reveals that health technology innovations could enhance healthcare delivery and management across Africa, promoting universal health coverage and supporting the UN Sustainable Development Goals. The report outlines challenges such as fragmented health data systems and complex licensing processes, while recommending policy improvements and stakeholder collaboration to accelerate healthtech development. Dr. Babatunde Omilola highlights the report's significance in guiding governments to foster an environment conducive to innovative health solutions.
Barrick Gold Corporation, which explores and sells silver and energy materials, has ownership interests in gold mines across several countries, including Argentina and the United States. Recently, UBS Group downgraded its rating from "strong-buy" to "hold," while other analysts maintain a "Moderate Buy" consensus with a target price of C$30.77. The company reported a quarterly EPS of C$0.44, exceeding expectations, and has seen insider trading activity with both purchases and sales of shares.
Ghana's Cocoa Management System (CMS) aims to enhance cocoa traceability and comply with EU deforestation regulations, having already registered 793,000 farmers and mapped 1.2 million hectares. A proposed one-year delay in the EU's deforestation regulation implementation could provide Ghana additional time to finalize the CMS and improve logistics. This extension is also crucial for Tanzania, where coffee farmer registration is just beginning.
Members of an Ivory Coast traders’ group have raised concerns that major exporters are overpaying for cocoa beans, adding an extra 20 CFA francs (3 US cents) per kilogram to secure supplies. This 1% markup over the state-set price is causing anxiety among domestic traders about their ability to meet export contracts.
Cocoa futures have dropped to their lowest level in nearly two weeks, driven by an increase in bean deliveries to ports in Ivory Coast, the leading cocoa producer. So far this season, arrivals have reached 192,804 tons, surpassing last year's 170,794 tons for the same period, marking the first year-on-year increase in arrivals in a year, according to ADM Investor Services Inc.
Waspito, a digital health app from Cameroon, impressed Emmanuel Macron at the Francotech trade show with a live teleconsultation demonstration, highlighting its potential to revolutionize healthcare access in Africa. Founded in 2020 by Jean Lobé Lobé, the platform facilitates quick medical consultations, addressing geographical and financial barriers in traditional healthcare systems. With $2.7 million in funding and recognition at international events, Waspito symbolizes the growing impact of African innovation in healthcare.
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ivory coast launches 500 million dollar green financing facility for climate action
African Development Bank
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Akinwumi Adesina
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11:18 13.11.2024
resolute mining ceo detained as west africa tightens mining regulations
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climate reports warn of record warming and urgent action needed at cop29
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12:42 11.11.2024
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16:55 09.11.2024
health tech innovations could transform healthcare access in Africa
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Barrick Gold faces mixed analyst ratings amid recent stock performance changes
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09:00 31.10.2024
ivory coast traders express concern over cocoa bean overpricing by exporters
15:57 25.10.2024
cocoa futures decline as ivory coast harvest increases bean deliveries
14:09 22.10.2024
Waspito revolutionizes healthcare access in Africa with innovative digital platform
16:04 11.10.2024
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