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    Ghana Association of Bankers appoints Mansa Nettey as new president

    GRA pegs 2021 revenue target at GHS 60 billion

    GRA exceeds 2020 revenue target by GHS2.6 billion

    ECOWAS needs payment, settlement system as ECO adoption delays – Akufo-Addo

    Provide small cocoa processors with sustained financial support – Banks urged [Video]

    Kawa Moka strives to transform Ghana’s coffee industry

    AfCFTA: Address challenges of local businesses – GNCCI to government

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    PIAC elects Professor Kwame Adom-Frimpong as its new chairman

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    ECOWAS needs payment, settlement system as ECO adoption delays – Akufo-Addo

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    Ghana Association of Bankers appoints Mansa Nettey as new president

    AfCFTA: Construction Chamber advocates for reduction of lending rate

    GRA pegs 2021 revenue target at GHS 60 billion

    GRA exceeds 2020 revenue target by GHS2.6 billion

    Public Enterprises Minister must prioritize profitability of SOEs – Economist

    ECOWAS needs payment, settlement system as ECO adoption delays – Akufo-Addo

    Local manufacturers urged to pay attention to product labelling

    Provide small cocoa processors with sustained financial support – Banks urged [Video]

    Kawa Moka strives to transform Ghana’s coffee industry

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    Ghana Association of Bankers appoints Mansa Nettey as new president

    GRA pegs 2021 revenue target at GHS 60 billion

    GRA exceeds 2020 revenue target by GHS2.6 billion

    ECOWAS needs payment, settlement system as ECO adoption delays – Akufo-Addo

    Provide small cocoa processors with sustained financial support – Banks urged [Video]

    Kawa Moka strives to transform Ghana’s coffee industry

    AfCFTA: Address challenges of local businesses – GNCCI to government

    Sensitize employees, customers on COVID-19 safety protocols – AGI urges SMEs

    PIAC elects Professor Kwame Adom-Frimpong as its new chairman

  • TECHNOLOGY

    Huawei Watch Fit; The perfect smartwatch for everyone

    A close look at the Huawei FreeBuds 3; World’s 1st open-fit active noise-cancellation earphone

    Ashigbey urges government to revise telecoms industry laws to boost growth

    Blend tech with fashion with the new Huawei Watch Fit

    Kick back and enjoy immersive entertainment for the whole family with the MatePad T 10s

    Cost of political adverts on social media to rise by 200% in next election – Maximus

    Huawei announces global release schedule of EMUI 11 update

    Experience powerful all-round performance with the New Huawei Y8s

    Hyundai launches first ever electric car in Ghana

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    ECOWAS needs payment, settlement system as ECO adoption delays – Akufo-Addo

    AfCFTA to set up trade finance facility for SMEs in Africa

    LNG-to-power project to reduce cost of electricity in Ghana – Energy Consultant

    World Bank plans to invest over US$5 billion in drylands in Africa

    Be proactive to benefit from AfCFTA – AfroChampions urges businesses in Ghana

    GUTA to commence cross-border trading with Nigeria

    Stakeholders charged to eliminate barriers likely to impede success of AfCFTA

    Ghana can benefit from ‎AfCFTA with hemp production – Business consultant 

    GUTA welcomes Nigeria’s decision to reopen its land borders

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World Bank plans to invest over US$5 billion in drylands in Africa

January 12, 2021
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The World Bank plans to invest over US$5 billion over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to Djibouti.

World Bank Group President, David Malpass, announced the investment at the One Planet Summit, a high-level meeting co-hosted with France and the United Nations that is focused on addressing climate change and biodiversity loss.

“This investment, which comes at a crucial time, will help improve livelihoods as countries recover from COVID-19 while also dealing with the impact of both biodiversity loss and climate change on their people and economies,” said Malpass.

The more than US$5 billion in financing will support agriculture, biodiversity, community development, food security, landscape restoration, job creation, resilient infrastructure, rural mobility, and access to renewable energy across 11 countries of the Sahel, Lake Chad and Horn of Africa. Many of these efforts are in line with the Great Green Wall initiative. This builds on World Bank landscape investments in these countries over the past eight years that reached more than 19 million people and placed 1.6 million hectares under sustainable land management.

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“Restoring natural ecosystems in the drylands of Africa benefits both people and the planet,” said Moussa Faki Mahamat, Chairperson of the African Union Commission.

Working with many partners, PROGREEN, a World Bank global fund dedicated to boosting countries’ efforts to address landscape degradation, will also invest US$14.5 million in five Sahelian countries – Burkina Faso, Chad, Niger, Mali, Mauritania.

The World Bank Group is the biggest multilateral funder of climate investments in developing countries. In December 2020, the World Bank Group announced an ambitious new target for 35% of its financing to have climate co-benefits, on average, over the next five years.

Source: World Bank Group
Tags: AfricaWorld Bank Group

Video on Demand: Business Weekly

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