African Development Bank, British International Investment and European Bank of Reconstruction and Development support pioneering solar and battery storage project in Egypt with $476 million loan

Source: Africa Press Organisation – English (2) – Report:

Download logo

  • Egypt’s first integrated solar and battery storage plant will deliver dispatchable clean energy, enhance grid stability, and manage peak demand. 
  • It is expected to generate approximately 3,000 GWh of clean energy and avoid up to 1.4 million tons of emissions annually, supporting Egypt’s decarbonisation goals.

The African Development Bank (www.AfDB.org), European Bank for Development and Reconstruction (EBRD), and the British International Investment (BII), the UK’s development finance institution and impact investor, are providing $479.1 million to Obelisk Solar Power SAE, a special purpose vehicle incorporated in Egypt, and owned by Scatec ASA (http://apo-opa.co/3SSYfFL). This financing will support  the development of a 1 GW solar photovoltaic (PV) power plant integrated with a 200 MWh Battery Energy Storage System (BESS) in the country’s Nagaa Hammadi region.

The African Development Bank Group’s financing package of $184.1 million includes $125.5 million in commercial loans, as well as concessional funding from Bank Group-managed Special Funds the Sustainable Energy Fund for Africa (SEFA) worth $20 million, and $18.6 million from the Canada-African Development Bank Climate Fund, a partnership of the African Development Bank and the Government of Canada. A further $20 million will be channelled from the Climate Investment Funds’ Clean Technology Fund through the African Development Bank. The Bank’s Board of Directors approved the funding package on 11 June 2025 (https://apo-opa.co/4le4gsV).

EBRD will be providing a financing package of up to $173.5 million, of which US$101.9 million will benefit from a European Fund for Sustainable Development (EFSD+) first loss cover guarantee for the first 18 years, in addition to a $6.5 million grant to be provided by the EBRD Shareholder Special Fund.

BII financing includes a US$100 million concessional loan and a US$15 million returnable grant that helps lower the overall cost of the BESS part of the project, making it more financially viable and affordable, while attracting private sector participation and creating models for future investments. BII’s financing is subject to drawn down conditions.

The project’s blended financing of $475.6 million corresponds to approximately 80 per cent of the total estimated capital expenditure of $590 million.

The integrated power plant will be developed by Scatec, a leading renewable energy solutions provider, and built in two phases. The first phase, with 561 MW of solar and 100 MW/200 MWh of battery storage, aims to begin operations in the first half of 2026. The second phase of 564 MW solar aims to start operations in the second half of 2026. The energy will be sold under a USD-denominated 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company, backed by a sovereign guarantee.

Upon completion, it will be the first integrated solar photovoltaic and battery storage project of this scale in Egypt, representing a significant milestone in the country’s energy transition. Egypt aims to reach 42 per cent of renewables in its power mix by 2030. The solar power plant is estimated to generate approximately 3,000GWh per year of additional renewable power, which will enhance grid stability and manage peak demand. It will also reduce carbon dioxide emissions by up to 1.4 million metric tons annually.

The facility will support the diversification of Egypt’s energy mix and will increase the share of renewable energy contributing to the reduction of greenhouse gas emissions and supporting the country’s decarbonisation goals.

Egypt’s Minister of Planning, Economic Development and International Cooperation, Dr. Rania A. Al-Mashat: “The Obelisk Solar Power project represents a landmark in Egypt’s clean energy transition, not only as the first integrated solar and battery storage facility, but also as a model for innovative financing through effective multilateral partnerships. It reflects our continued efforts to scale renewable energy, enhance grid resilience, and drive forward the implementation of Egypt’s Nexus of Water, Food and Energy (NWFE) Country Platform, thus  advancing our climate ambitions and creating new opportunities for private sector engagement and sustainable development.”

Wale Shonibare, The African Development Bank’s Director of Energy Financial Solutions, Policy, and Regulations noted: “This project exemplifies the scale of renewable energy potential across Africa and demonstrates how strong partnerships and innovative solutions can advance the energy transition and foster sustainable economic development. It has a high demonstration and replication potential for similar initiatives across the continent.”

Iain Macaulay, Director and Head of Project Finance (Africa & Pakistan), BII said: “This agreement underscores BII’s commitment to innovative and sustainable energy solutions. The integration of battery storage with solar PV is a game-changer for Egypt’s energy sector, providing reliable and dispatchable renewable energy and reducing reliance on fossil fuels. This project not only meets Egypt’s current energy needs but also sets a precedent for future dispatchable hybrid renewable energy projects in the region.”

Boyd Carpenter, EBRD Managing Director for sustainable Infrastructure, said: “We’re delighted to work with our longstanding partners SCATEC, African Development Bank and BII to support this transformative project, which takes Egypt’s green energy transition to another level by harnessing the power of the sun not just during the day but also at night, thanks to the combination of solar and battery storage. It addresses the growing demand for electricity and reduces the need to import expensive fossil fuels. The project contributes towards the goals of the Egypt’s flagship Nexus on Water, Food, and Energy which was launched at COP27 in Sharm El Sheikh, and for which EBRD is Egypt’s lead partner on the energy pillar.”

Stefano Sannino, Director-General of the Directorate-General for the Middle East, North Africa and Gulf of the European Commission said: “Today, the European Union (EU) launches the EU-Egypt Investment Guarantee for Development Mechanism, a strategic platform designed to fast-track a significant pipeline of investment projects to deliver large-scale financing solutions in Egypt. This is a major milestone in the implementation of the EU-Egypt Strategic Partnership. This particular project is a concrete example of a fruitful collaboration between the EU and the EBRD for supporting green transition in the country, through a large-scale investment. The EU guarantee allows the EBRD to provide a loan alongside other financiers to finance an innovative integrated solution which can attract private investors.”

Terje Pilskog, CEO of Scatec, the project’s operation and maintenance contractor, said: “This project marks a major milestone for Scatec. It proves our ability to deliver large-scale hybrid projects. We are proud to partner with leading development finance institutions to support Egypt’s clean energy ambitions, and we look forward to delivering this important project together with our partners.”

– on behalf of African Development Bank Group (AfDB).

For media inquiries please contact:
The African Development Bank
Olufemi Terry
media@afdb.org

British International Investment
Paschorina Mortty
press@bii.co.uk

The European Bank for Development and Reconstruction
Nibal Zgheib
zgheibn@ebrd.com

Scatec
Meera Bhatia
meera.bhatia@scatec.com

Follow British International Investment on: 
LinkedIn: http://apo-opa.co/4jPtTPq  
X: http://apo-opa.co/4kILGJi

Follow The European Bank for Development and Reconstruction on:
Web: http://apo-opa.co/4kHHidA
Facebook: http://apo-opa.co/409LVF1
LinkedIn: http://apo-opa.co/400CnMA
Instagram: http://apo-opa.co/45s0OGs
Twitter: http://apo-opa.co/45vClQB 
YouTube: http://apo-opa.co/4jQZiRu

About British International Investment:
British International Investment is the UK’s development finance institution and impact investor. As a trusted investment partner to businesses in Africa, Asia and the Caribbean, BII invests to create productive, sustainable and inclusive economies in our markets. Between 2022-2026, at least 30 per cent of BII’s total new commitments by value will be in climate finance. BII is also a founding member of the 2X Challenge which has raised over $33.6 billion to empower women’s economic development. The company has investments in over 1,580 businesses across 65 countries and total net assets of £8.5 billion. For more information, visit: www.BII.co.uk | watch here (http://apo-opa.co/4jOKyTr). 

About The European Bank for Development and Reconstruction:
The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 36 economies across three continents. The Bank is owned by 75 countries as well as the EU and the EIB. EBRD investments are aimed at making the economies in its regions competitive (http://apo-opa.co/4jWC9xg), inclusive (http://apo-opa.co/3FWLuqT), well-governed (http://apo-opa.co/4kNijpm), green (http://apo-opa.co/43Yjvin), resilient and integrated (http://apo-opa.co/3TrRBq8). 

Zambia Advances Policy Alignment with Continental Fisheries and Aquaculture Strategy

Source: Africa Press Organisation – English (2) – Report:

Download logo

The Policy Framework and Reform Strategy (PFRS) for Fisheries and Aquaculture in Africa stands as one of the African Union’s most transformative instruments for advancing the continent’s blue economy. Anchored in the principles of sustainability, food and nutrition security, and inclusive economic growth, the PFRS provides a coherent continental roadmap for policy reform and investment in the fisheries and aquaculture sector. Since its adoption in response to the 2010 call from the Conference of African Ministers on Fisheries and Aquaculture (CAMFA), the strategy has been instrumental in guiding AU Member States, Regional Economic Communities, and Fisheries Bodies to strengthen governance, institutional frameworks, and climate resilience in aquatic food systems.
Against this backdrop, a Stakeholder Consultation and Validation Workshop is currently underway in Lusaka, Zambia, from 16th to 19th June 2025, hosted by AU-IBAR in collaboration with the Ministry of Fisheries and Livestock of the Republic of Zambia. The workshop seeks to align national fisheries and aquaculture strategies and agricultural investment plans with the PFRS, while integrating relevant global and regional instruments and addressing climate change adaptation.

Opening the event, Mr. Mwila, Acting Permanent Secretary in the Ministry of Fisheries and Livestock (above picture), highlighted Zambia’s commitment to advancing the fisheries sector through value chain development and increased fish production. “We aim to grow our annual fish output to 225,000 metric tonnes by 2026 by scaling up fingerling production and enhancing monitoring and surveillance systems,” he stated. Mr. Mwila further emphasized that harmonizing legislation and aligning with continental policy through such consultations is vital for Zambia’s policy coherence and long-term sustainability. He noted that the workshop represents a key step in the country’s domestication process and called on stakeholders to consider the benefits of shared continental and global instruments.

Representing the AU-IBAR Director, Mrs. Patricia Lumba reaffirmed the Bureau’s commitment to supporting Member States in aligning national frameworks with continental strategies. She reminded participants that Zambia is the 16th country AU-IBAR is supporting in this alignment process. Mrs. Lumba also reflected on the origins and impact of the PFRS, noting that its development was driven by a continent-wide consultative process and grounded in the shared aspiration to transform Africa’s aquatic resources into engines of prosperity. “The PFRS and the Africa Blue Economy Strategy are not just policy tools—they are instruments of transformation for communities, economies, and ecosystems across Africa,” she remarked.

Over the four-day workshop, stakeholders—including government officials, regional bodies, researchers, and consultants—are reviewing findings from national consultations on policy coherence with the PFRS. They are also making specific recommendations for the domestication of global instruments, such as those related to biodiversity, food safety, and small-scale fisheries. Discussions are being held in breakout sessions and plenary formats, focusing on improving national agricultural investment plans (NAIPs), ensuring climate-smart approaches, and identifying legal and institutional reforms needed to implement the PFRS effectively.

The agenda covers detailed technical sessions, including analysis of Zambia’s national frameworks, identification of alignment gaps, and the development of actionable policy recommendations. Participants are also reviewing the integration of climate change adaptation into investment planning and assessing how to mainstream sustainability principles into fisheries governance.

As the workshop draws to a close, it is expected to deliver a consolidated communiqué outlining key agreements, next steps, and Zambia’s roadmap for alignment. The workshop aims to review and update National Fisheries Policies, compile best practices, identify policy gaps, establish priority actions, and strengthen the capacity of the AU-MS to ratify prioritized global instruments for sustainable fisheries and aquaculture development, while also strengthening NAIPs for investment.

The Lusaka workshop underscores AU-IBAR’s role in driving a pan-African approach to aquatic resources governance, and the importance of consensus-building among stakeholders in realizing shared aspirations for a resilient, inclusive, and thriving blue economy across Africa.

– on behalf of The African Union – Interafrican Bureau for Animal Resources (AU-IBAR).

Social Engineering 2.0: When artificial intelligence becomes the ultimate manipulator

Once the domain of elite spies and con artists, social engineering is now in the hands of anyone with an internet connection – and AI is the accomplice. Supercharged by generative tools and deepfake technology, today’s social engineering attacks are no longer sloppy phishing attempts. They’re targeted, psychologically precise, and frighteningly scalable.

Welcome to Social Engineering 2.0, where the manipulators don’t need to know you personally. Their AI already does.

Deception at machine levels

Social engineering works because it bypasses firewalls and technical defences. It attacks human trust. From fake bank alerts to long-lost Nigerian princes, these scams have traditionally relied on generic hooks and low-effort deceit. But that’s changed, and continues to.

“AI is augmenting and automating the way social engineering is carried out,” says Anna Collard, SVP of Content Strategy & Evangelist at KnowBe4 Africa. “Traditional phishing markers like spelling errors or bad grammar are a thing of the past. AI can mimic writing styles, generate emotionally resonant messages, and even recreate voices or faces (https://apo-opa.co/409nwPV) – all within minutes.”

The result? Cybercriminals now wield the capabilities of psychological profilers. By scraping publicly available data – from social media to company bios – AI can construct detailed personal dossiers. “Instead of one-size-fits-all lures, AI enables criminals to create bespoke attacks,” Collard explains. “It’s like giving every scammer access to their own digital intelligence agency.”

The new face of manipulation: Deepfakes

One of the most chilling evolutions of AI-powered deception is the rise of deepfakes – synthetic video and audio designed to impersonate real people. “There are documented cases where AI-generated voices have been used to impersonate CEOs and trick staff into wiring millions (https://apo-opa.co/4e4JBVv),” notes Collard.

In South Africa, a recent deepfake video circulating on WhatsApp featured a convincingly faked endorsement by FSCA Commissioner Unathi Kamlana promoting a fraudulent trading platform. Nedbank had to publicly distance itself from the scam (https://apo-opa.co/4e4JCJ3).

“We’ve seen deepfakes used in romance scams, political manipulation, even extortion,” says Collard. One emerging tactic involves simulating a child’s voice to convince a parent they’ve been kidnapped (https://apo-opa.co/3HY5WrR) – complete with background noise, sobs, and a fake abductor demanding money.

“It’s not just deception anymore,” Collard warns. “It’s psychological manipulation at scale.”

The Scattered Spider effect

One cybercrime group exemplifying this threat is Scattered Spider. Known for its fluency in English and deep understanding of Western corporate culture, this group specialises in highly convincing social engineering campaigns. “What makes them so effective,” notes Collard, “is their ability to sound legitimate, form quick rapport, and exploit internal processes – often tricking IT staff or help-desk agents.” Their human-centric approach, amplified by AI tools, such as using audio deepfakes to spoof victims’ voices for obtaining initial access, shows how the combination of cultural familiarity, psychological insight, and automation is redefining what cyber threats look like. It’s not just about technical access – it’s about trust, timing, and manipulation.

Social engineering at scale

What once required skilled con artists days or weeks of interaction – establishing trust, crafting believable pretexts, and subtly nudging behaviour – can now be done by AI in the blink of an eye. “AI has industrialised the tactics of social engineering,” says Collard. “It can perform psychological profiling, identify emotional triggers, and deliver personalised manipulation with unprecedented speed.”

The classic stages – reconnaissance, pretexting, rapport-building – are now automated, scalable, and tireless. Unlike human attackers, AI doesn’t get sloppy or fatigued; it learns, adapts, and improves with every interaction.

The biggest shift? “No one has to be a high-value target anymore,” Collard explains. “A receptionist, an HR intern, or a help-desk agent; all may hold the keys to the kingdom. It’s not about who you are – it’s about what access you have.”   

Building cognitive resilience

In this new terrain, technical solutions alone won’t cut it. “Awareness has to go beyond ‘don’t click the link,’” says Collard. She advocates for building ‘digital mindfulness’ and ‘cognitive resilience’ – the ability to pause, interrogate context, and resist emotional triggers (https://apo-opa.co/3FF6Zwn).

This means:

  • Training staff to recognise emotional manipulation, not just suspicious URLs.
  • Running simulations using AI-generated lures, not outdated phishing templates.
  • Rehearsing calm, deliberate decision-making under pressure, to counter panic-based manipulation.

Collard recommends unconventional tactics, too. “Ask HR interviewees to place their hand in front of their face during video calls – it can help spot deepfakes in hiring scams,” she says. Families and teams should also consider pre-agreed code words or secrets for emergency communications, in case AI-generated voices impersonate loved ones.

Defence in depth – human and machine

While attackers now have AI tools, so too do defenders. Behavioural analytics, real-time content scanning, and anomaly detection systems are evolving rapidly. But Collard warns: “Technology will never replace critical thinking. The organisations that win will be the ones combining human insight with machine precision.”

And with AI lures growing more persuasive, the question is no longer whether you’ll be targeted – but whether you’ll be prepared. “This is a race,” Collard concludes. “But I remain hopeful. If we invest in education, in critical thinking and digital mindfulness, in the discipline of questioning what we see and hear – we’ll have a fighting chance.”

Distributed by APO Group on behalf of KnowBe4.

Media files

Download logo

Africa Centers for Disease Control and Prevention (CDC) Awards Top 15 Youth-Led Health Innovations Under Bingwa PLUS Programme


Download logo

 Africa Centres for Disease Control and Prevention (Africa CDC) has announced 15 youth-led innovations as winners of the Bingwa PLUS Y-Health Incubator Pitch Competition, marking a significant milestone in empowering Africa’s next generation of public health leaders.

The competition, held in Abuja, Nigeria, from May 27 -30, 2025 showcased innovative health solutions developed by young African changemakers aged 18–35.

The 15 winning projects were selected from 30 finalists, who emerged from an initial pool of 50 pre-screened candidates. The finalists underwent a rigorous six-week self-paced training programme focused on health leadership, project design, communication, resource mobilisation, and monitoring and evaluation.

The Bingwa PLUS programme is an extension of the African Union Bingwa Initiative launched in 2022, designed to equip youth with the tools and resources to co-create scalable and sustainable health interventions. Supported by GIZAfrican Union and YouthHub Africa, the initiative reflects Africa CDC’s strategic focus on youth empowerment and innovation in public health.

During the two-day pitching event, the 30 finalists presented their solutions before a distinguished panel of judges comprising health experts, development partners, and industry leaders. The selected winners will each receive grants ranging from EUR 1,500 to EUR 3,000, alongside tailored mentorship from leading public health and innovation professionals to support implementation over the coming months.

“This event exemplifies the power of youth-led innovation in transforming health landscapes across Africa,” said Dr. Chrys Promesse Kaniki, Africa CDC Senior Technical Officer for Strategic Programmes and Youth Programmes Lead. “By investing in young leaders and their ideas, we are fostering a new generation of health innovators equipped to tackle Africa’s most urgent health challenges.”

The winning projects will now enter an intensive implementation phase, with ongoing mentorship and support to scale their impact across communities. Africa CDC and its partners will continue to track progress, document success stories, and promote these solutions through advocacy and technical collaboration.

To view the full list of winners, click here: Africa CDC Awards Top 15 Youth-Led Health Innovations Under Bingwa PLUS Programme

Distributed by APO Group on behalf of Africa Centres for Disease Control and Prevention (Africa CDC).

President in Canada for G7 Leaders’ Summit

Source: South Africa News Agency

President Cyril Ramaphosa has arrived in Canada to participate in the G7 Summit Outreach Session, scheduled to take place on the margins of the G7 Leaders’ Summit in Kananaskis, Alberta, Canada on Monday.  

The Group of Seven consists of the largest advanced economies namely: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. The European Union also participates in G7 Summits.  

Canada assumed the Presidency of the G7 on 01 January 2025 and its Presidency seeks to address global challenges and opportunities, including international peace and security, global economic stability and growth, and the digital transition.

According to the Presidency, the Outreach Session aims “to explore leadership and collaboration in driving a comprehensive approach to energy security with a focus on technology and innovation; diversification and strengthening critical mineral supply chains; and infrastructure and investment”.

The Presidency said this resonated with South Africa’s national interests and priorities of South Africa’s G20 Presidency.  

“The Outreach Sessions of the G7 in which President Ramaphosa will participate have been a feature of the group over the years, with the aim to strengthen unity among G7 members and like-minded countries to deliberate on and address some of the world’s most pressing issues.

“Reflecting the outward looking approach of recent Presidencies, guest leaders are invited to join Outreach Sessions within the Summit agenda,” it said.

The cooperation between South Africa and Canada has strengthened this year as it relates to G20 and G7.

Under South Africa’s G20 Presidency, enhanced efforts have been undertaken to align objectives and support the agenda of the G7 to that of the G20.

Several engagements have taken place between South Africa and Canada at various levels, including at Sherpa and Ministerial levels.

South Africa is currently the only African country invited to this year’s G7 Summit Outreach Session.

The Presidency said the G7 Summit will provide President Ramaphosa with an opportunity to meet Heads of State and Government of G7 countries, who are also G20 members, and other outreach guest countries.

“The President will use this platform as an opportunity to engage with various leaders on areas of common interest in bilateral relations and multilateral cooperation – including the G20 Presidency ahead of the G20 Leaders’ Summit in November 2025.”

President Ramaphosa’s participation at the G7 Leaders Summit presents an opportunity for South Africa to pursue strategic alignment within the framework of G7-G20 cooperation, where necessary, the Presidency added.

The President is accompanied by the Minister of International Relations and Cooperation, Ronald Lamola. – SAnews.gov.za

Global: Urgent action needed as climate crisis leads to devastating new harms to human rights


Download logo

States must urgently deliver ambitious climate action by mapping out a just transition away from fossil fuels in all sectors to prevent even worse human rights harms around the world, Amnesty International said in a new briefing to mark the start of the Bonn Climate Conference which takes place between 16-26 June.

Despite the challenges posed by the US withdrawal from the Paris Climate Agreement, increases in authoritarian practices globally and the growing environmental devastation of the escalating armed conflicts in the Occupied Palestinian Territory, Sudan and Ukraine, among others, it is not too late for states to find common ground and ramp up climate ambition for the planet and the rights of current and future generations.

In 2024, for the first time, the world breached the threshold of 1.5°C of global heating above pre-industrial levels. During the hottest year on record, wildfires ripped through Latin America, the Caribbean was hit by the earliest Category 5 Atlantic hurricane on record, and parts of Central Europe were deluged with three months’ worth of rain in five days as the climate emergency worsened, driven by human activity and the continued burning of fossil fuels.

“The devastating new human rights harms resulting from climate change will escalate dramatically unless global heating is kept in check. More people will be driven deeper into poverty, lose their homes or suffer the effects of drought and food insecurity. Despite the deepening climate crisis, governments’ action to limit fossil fuel production and use has been wholly inadequate,” said Ann Harrison, Amnesty International’s Climate Justice Advisor.  

“Governments are in thrall to fossil fuel companies which have sought to downplay climate harms and discredit climate science. States continue to provide subsidies to these companies, effectively incentivizing the continuation of the fossil fuel industry. Everyone has the right to live in a clean, healthy and sustainable environment – but as the climate crisis intensifies, this right, and others, are under growing threat.”

Across the globe, unnatural disasters exacerbated by climate change, such as worsening droughts and severe floods, are damaging harvests and leading to food scarcity and water shortages, contributing to displacement, migration and conflict.

Protecting and listening to grassroots voices

Marginalized frontline and fence line communities that use fossil fuels the least continue to suffer some of the worst impacts of climate change. They include subsistence farmers, Indigenous Peoples and those living in low lying island states, threatened by rising sea levels and more powerful storms, or those living beside fossil fuel production and transport facilities.

For example, Pakistan contributes less than 1% of greenhouse gas emissions annually but is one of the countries most vulnerable to climate disasters. In a report published last month, Amnesty International documented how increasingly frequent floods and heatwaves are leading to preventable deaths, particularly among young children and older adults.

Despite the urgency of the climate crisis, those demanding action from the authorities are being harassed, stigmatized, attacked and criminalized. Around the world, environmental human rights defenders (EHRDs) are risking their lives and liberty for defending their lands and communities’ right to a healthy environment, such as the Warriors for the Amazon in Ecuador.

The conference is an opportunity to spotlight the situation in COP29 host Azerbaijan, where environmental human rights defender Anar Mammadli and journalist Nargiz Absalamova who reported on environmental issues remain behind bars. Other journalists who reported on the human rights situation including during COP29 were arrested afterwards in apparent reprisals. Brazil, the host of COP30, is one of the most dangerous countries for EHRDs, who face killings, violence, threats and stigmatization for their work.

“The voices, views, knowledge and wisdom of Indigenous Peoples, frontline and fence line communities and human rights defenders must be incorporated into climate policies, plans and action,” said Ann Harrison.

“Once again, we have heard reports of limited badges and visa problems for those from the majority world wishing to attend the conference in Bonn. Nor are the COP Host Country Agreements – a key tool that must be strengthened to ensure freedom of expression and peaceful assembly for participants – available publicly as a matter of routine.”

Climate finance must be addressed

Amnesty International is also calling for states to tackle climate finance. Currently, lower-income countries are paying more in debt repayments than they are receiving as climate finance from high-income countries.

High income historically high emitting countries are most responsible for climate change, yet continue to shirk their obligations to provide climate finance to lower income countries to cut emissions and to help communities to adapt to climate change, as well as providing reparations for loss and damage, which could ease the burden in countries suffering climate harms.

“Taxing fossil fuel companies, corporate windfall profits and high net worth individuals, as well as ending subsidies and investments in fossil fuels and ending global tax abuses, could raise over USD 3 trillion per year which could go a huge way towards the cost of tackling climate change,” said Ann Harrison.

Huge changes need to be made

The Bonn Climate Conference is a key preparatory moment for the annual UN Climate Conference, which takes place as COP30 later this year in Brazil – a country that wants to publicly lead a message of global environmental protection. Yet, internally some of its institutions are taking actions contrary to this agenda, including requiring less stringent licensing for environmentally destructive projects and expanding fossil fuel production.

“If climate change is to be taken seriously and to keep global warming below 1.5°C above pre-industrial levels, we need to see concrete progress with clear timelines towards massively scaled-up needs-based climate finance, particularly for adaptation and loss and damage, in the form of grants, not loans, with those most responsible for emissions contributing the most,” said Ann Harrison.

Amnesty International is calling for states commit to a full, fast, fair and funded fossil fuel phase out through just transitions across all sectors, without relying on risky and unproven technologies or offsets that do not lead to genuine emissions reductions. It is also calling for inclusive discussions around climate change, involving the people most affected by it, and ensuring they can meaningfully access these high-level negotiations without discrimination.

Distributed by APO Group on behalf of Amnesty International.

The Minister of Planning, Economic Development, and International Cooperation signs an agreement with the Federation of Egyptian Industries, the Federation of Chambers of Commerce, and 10 business councils and associations to expand the services provided through the Hub for Advisory, Finance & Investment for Enterprises platform across governorates


Download logo

During the activities of the “Development Finance to Foster Private Sector-Led Growth & Jobs” conference, organized by the Ministry of Planning, Economic Development, and International Cooperation, under the patronage and in the presence of H.E. Prime Minister Dr. Mostafa Madbouly, H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, signed an agreement with the Federation of Egyptian Industries, the Federation of Egyptian Chambers of Commerce, the Confederation of Egyptian European Business Associations (CEEBA), the Egyptian-British Chamber of Commerce, the Egyptian-African Businessmen’s Association, the Canadian Chamber of Commerce in Egypt, the Egyptian-Japanese Business Council, the Swiss-Egyptian Business Association, the British Egyptian Business Association, the Egyptian Businessmen’s Association, the Egyptian Junior Business Association, and the Italian Chamber of Commerce in Egypt.

The agreement aims to enhance the benefit of private sector companies across Egyptian governorates whether large, small, medium, micro-enterprises, or startups from the financial and non-financial services and the direct and indirect mechanisms available through the “Hafiz” platform for financial and technical support to the private sector, through the Federation of Industries, business associations, the Federation of Chambers of Commerce, and their branches in the various governorates.

Commenting on the agreement, H.E. Dr. Rania Al-Mashat emphasized that the agreement comes within the framework of the Ministry of Planning, Economic Development and International Cooperation’s keenness as the entity responsible for setting and following up on the implementation of Egypt’s sustainable economic development strategies and ensuring alignment with “Egypt Vision 2030” to promote inclusive development by encouraging partnerships between the public and private sectors and activating the role of the “Private Sector Participation Unit” in integrating the efforts of the private sector within the state’s development priorities, especially in improving the business environment, supporting SMEs, and enhancing sectoral integration.

H.E. Dr. Al-Mashat explained that through these agreements, the Ministry is working to maximize the private sector’s benefit from the Hub for Advisory, Finance & Investment for Enterprises, by facilitating the access of companies that are members of the chambers to the platform and taking full advantage of the available services and financing opportunities, furthermore holding a series of meetings organized by the Ministry of Planning, Economic Development and International Cooperation, through the private sector participation unit with international development partners, to promote ongoing dialogue and communication with the business community and relevant stakeholders.

The Ministry of Planning, Economic Development, and International Cooperation launched the Hub as one of the innovative mechanisms to advance the agenda of private sector empowerment by easing access to development financing and technical services. The platform was designed as an integrated digital portal that connects development partners, implementing agencies, government entities, and the business community of all categories including large corporations, SMEs, micro enterprises, and startups. The platform was developed as a strategic tool within the Ministry’s efforts to enhance economic diplomacy and mobilize finance for sustainable development.

Through the Hub for Advisory, Finance & Investment for Enterprises, more than 90 financial and technical support services are made available by 44 bilateral and multilateral development partners. The platform has made notable progress, with the number of services increasing from 62 at its launch in December 2023 to over 90 today, and has attracted nearly 18,000 users from the private sector and entrepreneurial community. The platform’s database includes over 700 companies that have benefited from support services, and more than 1,000 tenders and development initiatives funded by development partners in Egypt and more than 80 other countries providing tangible opportunities for expansion and access to regional and international markets.

Distributed by APO Group on behalf of Ministry of Planning, Economic Development, and International Cooperation – Egypt.

Food and Agriculture Organization (FAO) and World Food Programme (WFP) early warning report reveals worsening hunger in 13 hotspots: five with immediate risk of starvation


Download logo

A new joint UN report warns that people in five hunger hotspots around the world face extreme hunger and risk of starvation and death in the coming months unless there is urgent humanitarian action and a coordinated international effort to de-escalate conflict, stem displacement, and mount an urgent full-scale aid response.

The latest Hunger Hotspots report shows that Sudan, Palestine, South Sudan, Haiti and Mali are hotspots of highest concern, with communities already facing famine, at risk of famine or confronted with catastrophic levels of acute food insecurity due to intensifying or persisting conflict, economic shocks, and natural hazards. The devastating crises are being exacerbated by growing access constraints and critical funding shortfalls.

The semi-annual Hunger Hotspots report is an early-warning and predictive analysis of deteriorating food crises for the next five months. Developed and published with financial support from the European Union through the Global Network Against Food Crises (GNAFC), the latest edition projects a serious deterioration of acute food insecurity in 13 countries and territories – the world’s most critical hunger hotspots in the coming months.

In addition to hotspots of highest concern, Yemen, the Democratic Republic of the Congo, Myanmar and Nigeria are now hotspots of very high concern and require urgent attention to save lives and livelihoods. Other hotspots include Burkina Faso, Chad, Somalia, and Syria.

“This report makes it very clear: hunger today is not a distant threat – it is a daily emergency for millions,” FAO Director-General QU Dongyu said. “We must act now, and act together, to save lives and safeguard livelihoods. Protecting people’s farms and animals to ensure they can keep producing food where they are, even in the toughest and harshest conditions, is not just urgent – it is essential.”

This report is a red alert. We know where hunger is rising and we know who is at risk,” said Cindy McCain, World Food Programme Executive Director. “We have the tools and experience to respond, but without funding and access, we cannot save lives. Urgent, sustained investment in food assistance and recovery support is crucial as the window to avert yet more devastating hunger is closing fast.”

Hotspots of highest concern

In Sudan, Famine was confirmed in 2024. Conditions are expected to persist due to the continuing conflict and ongoing displacement, particularly in the Greater Kordofan and Greater Darfur regions. Displacement is likely to increase further during the outlook period while humanitarian access remains restricted. The circumstances are driving the country towards the risk of partial economic collapse, with high inflation severely limiting food access.  Around 24.6 million people were projected to face Crisis or worse (IPC Phase 3 or above) levels of acute food insecurity, including 637,000 people facing Catastrophe (IPC Phase 5) through May 2025.

In Palestine, the likelihood of famine in the Gaza Strip is growing as large-scale military operations hinder the ability to deliver vital food and non-food humanitarian assistance. In addition to the humanitarian crisis unfolding in the Gaza Strip, high food prices coupled with exhausted livelihoods and a commercial blockade will accelerate an 
economic collapse. The entire population in Gaza – 2.1 million people – is projected to face Crisis or worse (IPC Phase 3 or above) levels of acute food insecurity, with 470,000 projected to face Catastrophe (IPC Phase 5) through September 2025.

South Sudan faces compounding threats from political tensions, the risk of flooding, and economic challenges. Approximately 7.7 million people – or 57 percent of the population – are projected to face high levels of acute food insecurity (IPC Phase 3 or above) between April and July 2025, with 63,000 people projected to face Catastrophe (IPC Phase 5) levels of acute food insecurity. An IPC update released after the report’s finalization indicated Risk of Famine in two areas of the country and confirmed the bleak outlook.

In Haiti, record levels of gang violence and insecurity are displacing communities and crippling aid access. Over 8,400 internally displaced persons (IDPs) already facing Catastrophe (IPC Phase 5) levels of acute food insecurity in the Port-au-Prince metropolitan area by June 2025.

Meanwhile, in Mali, high grain prices and ongoing conflict are eroding the coping capacities of the most vulnerable households, particularly in conflict-affected areas. Around 2 600 people are at risk of Catastrophe (CH Phase 5) from June to August 2025 if assistance is not provided on time.

Additional hotspots and areas of improvement

In Myanmar, the impact of the recent major earthquake is likely to worsen the already dire food insecurity situation in the country, driven by escalating conflict, widespread displacement, severe access restrictions and high food prices.

The Democratic Republic of the Congo has been reintroduced to the hotspot list due to intensifying conflict.

In contrast, Ethiopia, Kenya, Lebanon, Lesotho, Malawi, Mozambique, Namibia, Niger, Zambia, and Zimbabwe have been removed from the Hunger Hotspots list. In East and Southern Africa, as well as in Niger, better climatic conditions for harvests and fewer weather extremes have eased food security pressures. Lebanon has also been delisted following reduced intensity of military operations. However, FAO and WFP warn that these gains remain fragile and could reverse quickly if shocks re-emerge.

A call for global solidarity

In multiple hotspots, aid delivery is significantly hampered by restricted humanitarian access due to insecurity, bureaucratic impediments, or physical isolation. At the same time, critical funding shortfalls are forcing reductions in food rations, limiting the reach of life-saving nutrition and agricultural interventions.

The Hunger Hotspots report highlights the importance of continued investments in early humanitarian action. Pre-emptive interventions save lives, reduce food gaps, and protect assets and livelihoods at a significantly lower cost than delayed humanitarian action.

Distributed by APO Group on behalf of World Food Programme (WFP).

Two New World Bank Reports Offer Roadmap for Sierra Leone’s Sustainable Growth Amid Climate Threats


Download logo

The World Bank today launched the Sierra Leone Country Economic Memorandum (CEM) and the Country Climate and Development Report (CCDR), two core analytical reports that provide essential insights into the country’s economic and climate challenges, offering strategic pathways for sustainable growth and resiliencee.

“These reports provide a comprehensive roadmap for addressing the economic and climate challenges facing Sierra Leone,” said Abdu Muwonge, World Bank Country Manager for Sierra Leone. “While the Country Economic Memorandum highlights the interconnectedness of economic challenges and the need for ambitious reforms, the CCDR underscores the urgency of climate action. The World Bank is committed to supporting Sierra Leone in implementing these strategies to achieve inclusive growth and build resilience.”

The CEM analyzes Sierra Leone’s economic landscape, noting persistent poverty and lower GDP per capita growth compared to similar low-income countries despite the country’s rich resources. Key challenges to growth include macroeconomic instability, driven by lax fiscal and monetary policies, weak institutions, and poor governance, with fiscal deficits often exceeding targets due to spending overruns and weak oversight. High public debt limits private investment, while a small and uncompetitive private sector restricts diversification beyond the mining. Domestic firms face growth challenges due to limited access to credit, electricity, and land, compounded by a skills mismatch in the labor force.

To address these challenges, the report proposes a growth strategy focusing on mining, agriculture, agro-processing, and labor-intensive sectors, including:

  • Restoring macroeconomic stability through fiscal consolidation and improved debt management.
  • Recalibrating the role of the state by reevaluating state-owned enterprises and investing in climate-resilient infrastructure.
  • Enabling the private sector by improving access to infrastructure, credit, and reducing barriers to foreign investment.
  • Building human capital by enhancing education quality and aligning skills development with market demands.

“The CEM is a vital tool in understanding the economic challenges facing Sierra Leone. The country has the resources and potential for significant economic growth, and this report provides a roadmap for achieving sustainable development while creating jobs for its expanding work force,” said Smriti Seth, World Bank Senior Economist and a lead author of both reports.

The CCDR examines Sierra Leone’s socio-economic development prospects within the context of climate change, emphasizing impacts on agriculture, infrastructure, and the economy. Sierra Leone ranks among the 15 worst climate-affected economies, with projected temperature increases and erratic rainfall patterns threatening agriculture and infrastructure, potentially causing GDP losses of 9-10% by 2050. Economic impacts include declines in labor and crop productivity, as well as damage to capital stock from increased maintenance costs and flooding. Poverty and inequality are expected to worsen, with nearly 600,000 additional people pushed into poverty by 2050.

To build climate resilience and mitigate the threats, the report suggests three pathways:

  • Developing green energy and sustainable cities through resilient infrastructure and renewable energy investments.
  • Promoting climate-smart agriculture by enhancing policy frameworks and investing in climate-smart technologies.
  • Strengthening social resilience by improving health infrastructure and expanding social protection systems.

Implementing these climate actions requires significant financial resources, with funding needed from domestic taxes, green private sector investments, and international support.

“The CCDR complements the CEM by showing that climate change is not only a threat to Sierra Leone’s development goals but also a powerful lens for identifying opportunities to build a more resilient and sustainable future by aligning growth strategies with climate priorities to safeguard long-term progress,” added Sabrina Haque, World Bank Environmental Specialist and a lead author of the CCDR.

Distributed by APO Group on behalf of The World Bank Group.