News & Events

The African Development Bank’s Board of Directors has approved a £30 million equity investment in Africa Finance Corporation’s (AFC) innovative “green shares” to mobilise funding for climate action projects across Africa.

The initiative will support high-impact projects such as wind and solar power plants in Djibouti and Egypt, and energy storage systems in Cape Verde, whilst leveraging green equity to attract further investment from capital markets. Despite contributing less than 3% of global emissions, Africa faces severe climate impacts and a £170 billion annual infrastructure financing gap. The investment aims to drive sustainable financing, create economic opportunities, and enhance Africa’s climate resilience. The collaboration is expected to create over 1,600 jobs by 2031, deliver clean energy to millions, and promote inclusive growth, benefiting marginalised groups, including women and rural communities.

Read the original article here: https://africafinancecorporation.africa-newsroom.com/press/african-development-bank-to-make-30-million-equity-investment-in-africa-finance-corporation-to-catalyse-climate-action1?lang=en

The 16th of December holds profound historical significance for various South African communities. For Afrikaners, it commemorates the Battle of Blood River (1838), a crucial event in their cultural heritage. Conversely, the African National Congress (ANC) and other liberation movements mark this date as the founding of Umkhonto we Sizwe (1961), the ANC’s armed wing, symbolising resistance against apartheid.

Today, the Day of Reconciliation transcends its historical roots, focusing on fostering social cohesion, addressing past injustices, and building a shared future. Events across the country include cultural celebrations, speeches, and community-building activities, encouraging South Africans to reflect on the journey toward peace and unity. This day serves as a reminder of the country’s progress while emphasizing the ongoing efforts needed to bridge divides and promote equality.

18-year-old Gukesh D, the newly crowned World Chess Champion, received a warm reception at the airport from enthusiastic fans and officials. Tamil Nadu Sports Secretary Atulya Mishra honoured the young prodigy with a bouquet, celebrating his remarkable victory over China’s Ding Liren in Singapore with a score of 7.5-6.5.

Gukesh, now the youngest world champion in chess history, attributed his success to the Chennai Chess Olympiad and his mentor, Viswanathan Anand. As only the second Indian to claim this prestigious title after Anand, Gukesh’s triumph has shattered Garry Kasparov’s long-standing record for the youngest world chess champion.

In recognition of this historic achievement, the Tamil Nadu government has announced a grand felicitation ceremony to be held at Kalaivanar Arangam in Chennai on 17 December. This event will honour Gukesh’s extraordinary accomplishment and celebrate India’s growing prominence in the world of chess.

Read the original article here: https://www.mykhel.com/more-sports/world-chess-champion-gukesh-d-returns-to-chennai-to-heroic-welcome-327329.html