- The African Development Bank has granted Niger 21 billion CFA francs (almost 30 million euros) for budgetary support in their fight against poverty.
According to a press release from Niger’s Ministry of Economy and Finance of Niger, the support from the Bank, which was negotiated earlier this month, falls within the scope of the implementation of Development Strategy and Poverty Reduction.
"This programme is designed to achieve a particularly high growth, diversified, sustainable, generating jobs and creating a quality of governance,” said the statement.
It further stated that the fund will also focus on strengthening of public finance management and strengthening the decentralization process.
The communiqué stresses that the outcome of negotiations, the Minister of Economy and Finance and the head of the delegation of the African Development Bank signed two memoranda of understanding for which funding will be disbursed in two equal parts of about 10.5 billion CFA francs each (about 15 million euros).
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.