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Press Release: OPEC Fund Supports Post-COVID-19 African Infrastructure With $50 Million Loan to Africa Finance Corporation
The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) have signed a $50 million loan agreement to help finance and build infrastructure needed for Africa’s post-COVID recovery. This represents the first direct financing co-operation between the two institutions.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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IFC, Aavas Financiers Sign Pact for Affordable Green Housing Finance for Low-Income Borrowers in India
A green home is a type of house designed to be environmentally sustainable. Green homes focus on the efficient use of energy, water, and building materials
- Categories
- Environment
- Region
- Asia Pacific
- Tags
- housing, infrastructure, scale
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Press Release: DFC Announces New $2.5 Billion Ocean Plastics Initiative
U.S. International Development Finance Corporation (DFC) announced today it aims to catalyze $2.5 billion in infrastructure investments aimed at reducing the discharge of plastic waste and marine debris into oceans and waterways under its new Ocean Plastics Initiative. The initiative seeks to catalyze private sector investment in projects that advance the development of efficient waste management, recycling, and other infrastructure projects in developing countries.
- Categories
- Environment, Investing
- Tags
- infrastructure, recycling
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‘Doktari’ Turns Plastic Bags Into Building Materials
Meet Dr Oscar Joshua Aghan, who uses plastic bags that are still in circulation to make building materials.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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Analysis: Charting a Path for a Resilient Recovery in Sub Saharan Africa
Countries need to ensure that the vast global fiscal support deployed to fight the pandemic also works to build a smarter, greener and more equitable future.
- Categories
- Coronavirus
- Region
- Sub-Saharan Africa
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Press Release: DFC Approves $3.6 Billion of New Investments in Global Development in Largest Quarter Ever
An additional 30 investments totaling more than $1 billion were approved by the agency since its last quarterly Board meeting in June, bringing total investments approved over the quarter to more than $3.6 billion.
- Categories
- Energy, Investing, Technology
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Analysis: Why Hasn’t Africa Gone Digital?
Countries with weak power infrastructures—which were already struggling to compete in the new digital economy—are facing bleak prospects in a post-lockdown world in which Zoom, Dropbox and Google Classroom are the new office or school.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
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Viewpoint: Securing Property and Land Rights in India
Secure property rights are fundamental to the economic and social development of any country. However, in India, we are faced with a curious conundrum where more than 70 percent of a household’s assets are held in land and housing, yet there is insufficient data and research on people’s property rights.
- Categories
- Impact Assessment, Investing, Technology, WASH
- Region
- Asia Pacific
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