fund

Somalia's Pioneering Climate Fund: A Beacon for Resilience in a Changing World In the bustling heart of Mogadishu, a significant milestone was set as Somalia launched its first National Climate Fund. Over two days, this transformative initiative was etched into the narrative of a nation that has long been at the frontlines of climate adversity. A Bold Step Towards Climate Resilience Under the guidance of Finance Minister Bihi Iman Egeh, this fund emerges as a key strategy to tackle the mounting pressures of recurring…

Somalia’s Bold Step Towards Climate Resilience Amidst the harsh realities of droughts and floods, Somalia is taking a decisive leap towards combating climate change with the launch of the Somali Climate Finance Trial and the National Climate Fund (NCF). These initiatives aim to mobilize and effectively manage climate finance, crucial for a nation facing severe environmental challenges. A Collaborative Inception In late August, Mogadishu hosted the National Inception Workshop, drawing over 60 key players across…

The Green Climate Fund (GCF) has greenlit a whopping $134 million to kickstart two landmark initiatives aimed at helping vulnerable farming communities in Somalia and Iraq toughen up against climate change.Steered by the good folks over at the Food and Agriculture Organization (FAO) of the United Nations, these game-changing projects will arm millions of farmers and herders with the skills to tackle climate chaos like droughts and floods head-on.Kaveh Zahedi, chief honcho of FAO’s Climate Change, Biodiversity and Environment…

Mogadishu (AX) – On a momentous Tuesday at its 40th meeting, the Green Climate Fund (GCF) embraced a $100 million endeavor aimed at boosting Somalia’s efforts against climate chaos through the "Climate Resilient Agriculture in Somalia" (FP246) project. Somalia’s Minister of Environment and Climate Change, Khadija Mohamed Al-Makhzoumi, flanked by fellow government representatives, hailed the GCF's backing. Minister Khadija hailed the move as a pivotal stride in strengthening Somalia’s agricultural defense against erratic…

The "Covidgate" deal is bouncing back in Cameroon. The local press published a summary of the Court of Auditors' report on the management last year of the special national solidarity fund against the coronavirus. A summary which has not been denied by the Court of Auditors and which highlights the many shortcomings in the management of this fund of 180 billion CFA francs, by the Cameroonian Ministries…

Salaam Somali Financial institution (SSB) has supplied unfastened microfinance to small agencies in the rustic's capital as component of the once a year large a laugh program aimed toward growing cultivation and rivalry within the economic system. On Sunday, the financial institution's department in Madina introduced unfastened microfinance to home investors, together with ladies, to aid increase their budding businesses, in keeping with administration. Communicating on the time, the beneficiaries of Salaam Somalis…

Four years after Ahmad Al Faqi Al Mahdi was sentenced to nine years in prison by the International Criminal Court (ICC) for war crimes and the destruction of the Timbuktu mausoleums, a delegation from the Trust Fund for Victims traveled to Bamako. The states that have signed the Rome Statute contribute to this fund. For Mali, 1.8 billion CFA francs will be granted from January 2021 to the tomboukti victims identified after the Al Faqi trial. About a thousand people, mainly the beneficiaries of the Mausoleum Saints who…

This is another setback for the US investment fund Och-Ziff. Its African subsidiary, OZ africa, was ordered by the US justice to pay $ 135 million to former shareholders. By 2016, Och-Ziff had already been ordered to pay the U.S. Treasury Department nearly half a billion dollars for corruption, particularly in the Democratic Republic of Congo.…