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The World Bank portfolio in DRC consists of 17 national projects and three regional projects totalling US$5.3bn. (Image source: Adobe Stock)

The World Bank has endorsed a country partnership framework (CPF) for the period of 2022-2026 in support of stabilisation and development in the Democratic Republic of Congo (DRC)

Averda will expand its plastics recycling capacity in Africa

Averda, the international waste and recycling company, has been approved for a US$45mn investment loan from the US International Development Finance Corporation (DFC) for the development, construction and operation of plastics recycling facilities in Africa and India

The grant will contribute to the Institutional Capacity Building for the African Union Project

The African Union Commission (AUC) will benefit from an US$11.48mn grant from the African Development Fund to strengthen its governance and provide it with institutional support

The programme will borrow from Kenya’s BimaLab I, BimaLab II and global best practices. (Image source: Adobe Stock)

FSD Africa and Nigeria’s National Insurance Commission (NAICOM) have partnered to launch BimaLab, an accelerator programme designed to boost the development and adoption of digital solutions for the insurance sector

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