Connect with us

Newsdesk

World Bank Supports Young Digital Entrepreneurs in Botswana

Newsroom

Published

on

Digital ecosystems and entrepreneurs are essential to innovation and development in Africa. With support from the World Bank, the Botswana Business Angels Network and the Global Entrepreneurship Network in Botswana brought together local entrepreneurs and global thought leaders to share knowledge and strengthen the operating environment for digital entrepreneurs in the country.

The workshop built upon the recent XL Africa competition, a pan-African acceleration program to find the 20 most promising digital start-ups in Africa and demonstrate that Africa can produce world-class digital entrepreneurial talent.

“The World Bank supported today’s event to help ensure that Botswana’s digital entrepreneurs are able to learn lessons from other ecosystems across Africa,” said Xavier Furtado, World Bank Country Representative for Botswana. “We hope that, over time, this can help address Botswana’s pressing youth unemployment challenge while also contributing to national economic diversification.”  

Through relevant case studies, participants were exposed to methods and tools to help accelerate digital entrepreneurship. With a supportive and dynamic ecosystem, local digital technology companies can spread new technologies across Botswana and abroad.

“Today’s event indicates that supporting Africa’s next generation of entrepreneurs and investors requires a thriving and connected entrepreneurial ecosystem,” said Mooketsi Bennedict Tekere, Founder of Ngwana Enterprises. “Over time, we hope that the digital ecosystem will attract and link digital startups, more mature entrepreneurs, and impact entrepreneurs from Botswana with potential investors across the continent and beyond.”

Continue Reading
Comments

Newsdesk

ADB Ranked First on Aid Transparency among Development Organizations

Published

on

By

The Asian Development Bank (ADB) ranked first in the 2018 Aid Transparency Index (ATI), an independent measurement of aid transparency spearheaded by British nongovernment organization Publish What You Fund, launched today at the Brookings Institution in Washington, D.C.

This is the first time that ADB ranked No. 1 in the ATI, which had its pilot run in 2011.  From a score of 84.9% in the 2016 ATI, ADB’s score improved to 98.6% in the 2018 ATI.

Out of 45 of the world’s leading development organizations, ADB and six other organizations—the United Nations Development Programme, UK Department for International Development, African Development Bank, Millennium Challenge Corporation, World Bank-International Development Association, and Inter-American Development Bank—were classified in the top category of “very good” or with a score of at least 80%.

“I am proud of the progress that ADB has made since the last Aid Transparency Index,” said ADB President Mr. Takehiko Nakao. “This reflects a cross-organizational commitment, including at the highest level, to improving the quality of our open data. Transparency is a critical aspect of effective development work and we are glad to be at the forefront of it.”

The 2018 ATI report took note of the “unprecedented amounts of timely aid and development data [that] are available in an open and comparable format” and highlighted that ADB is one of “only two organizations publishing all index indicators in the ATI standard, making their information fully open and comparable.”

ADB has been working to improve the disclosure of its aid data in terms of quality and scope. Starting 2016, ADB has been reviewing its available information, shepherded by a dedicated team of staff from various ADB departments who are ensuring adherence to standards.

Continue Reading

Newsdesk

Climate-friendly initiatives and actions essential for tourism

Newsroom

Published

on

The Secretary-General of the World Tourism Organization (UNWTO), Zurab Pololikashvili, called for the tourism sector to take more action to combat climate change and biodiversity loss during the 30th joint meeting of its Commissions for South Asia and Asia-Pacific in Fiji (18-20 June 2018).

Adding his voice to that of the host country, Mr. Pololikashvili advocated for stronger partnerships and incentives for governments, businesses and crucially tourists themselves to make a difference in climate action efforts. He also made clear that sound policies must be built upon accurate evidence, requiring the tourism sector to better measure its impact on sustainability – while acknowledging progress has been made in this regard, including UNWTO’s development of a statistical framework to measure sustainable tourism.

The remarks were made as part of a regional seminar on how tourism impacts upon sustainable development efforts in the region and globally, held as part of the meeting in the Fijian city of Nadi. The seminar featured deep dialogue on how tourism policies, partnerships and investments can tackle climate change and biodiversity loss.

This was the first Joint Commission meeting held in a Pacific island nation. The meeting and seminar highlighted the need for developing island countries to collaborate on actionable policies, with measurable results, to address climate change and biodiversity protection within the tourism sector. UNWTO also pledged to raise further awareness of climate change’s impacts and effects on tourism through capacity building and educational opportunities.

“This is the perfect place to have this conversation on climate change, as Fiji continues to lead the efforts on climate resilience and sustainability not only within the country but in the entire region. This was also demonstrated during the Global Climate Summit COP 23, when the Government of Fiji committed to the development of sustainable tourism as a tool to tackle climate change”, said Mr. Pololikashvili.

Continue Reading

Newsdesk

ADB Hosts High-Level Green Climate Fund Delegation to Forge Strategic Relationship

Newsroom

Published

on

ADB President Mr. Takehiko Nakao (12th from left) and members of ADB Management with GCF Executive Director Mr. Howard Bamsey (10th from left) and members of GCF's management team.

Asian Development Bank (ADB) President Mr. Takehiko Nakao met with Green Climate Fund (GCF) Executive Director Mr. Howard Bamsey and members of his senior management team. Concluding GCF’s 2-day visit to ADB headquarters in Manila, Mr. Nakao and Mr. Bamsey agreed to the importance of concessional climate finance to ADB’s developing member countries through strengthening strategic cooperation between ADB and GCF.

Mr. Nakao appreciated GCF’s progress in project approvals over the past 2.5 years while building up the organization and its policy frameworks. GCF is on its way to becoming an important source of climate finance for developing countries, with 76 projects and $3.7 billion in commitments with accredited entities including MDBs, UN agencies, direct access (national agencies), and private sector entities. ADB was the first among multilateral development banks (MDBs) to be accredited by GCF.

ADB currently has six approved projects totaling $265 million in cofinancing from GCF. Three projects receiving a total of $75 million in GCF grants are located in the Pacific, including an Urban Water Supply and Wastewater Management Project in Fiji and Sustainable and Climate Resilient Connectivity for Nauru—both adaptation projects—as well as the Pacific Islands Renewable Energy Investment Program with its first sub-project in Cooks Islands. The Ulaanbaatar Green Affordable Housing and Resilient Urban Renewal Project supports adaptation and mitigation actions in Mongolia, with $145 million in GCF grant and loan financing. In Cambodia, GCF supports ADB’s Climate-Friendly Agribusiness Value Chains Sector Project ($40 million in grants and loans), which has both adaptation and mitigation aspects. In Tajikistan, the $5 million GCF grant for the Institutional Development of the State Agency for Hydrometeorology will enable adaptation.

Two additional ADB projects will be considered by GCF at its board meeting in July 2018—the South Tarawa Water Supply Project in Kiribati and the Tonga Renewable Energy Project, with a total of $60 million in grants proposed to GCF.

During the meeting, Mr. Nakao and Mr. Bamsey discussed how ADB and GCF can work together to further streamline the approval and implementation processes based on the accreditation master agreement between ADB and GCF.

The GCF’s visit took place days after the release of MDBs’ latest joint report on climate financing, which showed a 7-year high of $35.2 billion in 2017, up 28% from the previous year. ADB’s climate investments from its own resources reached $4.5 billion ($3.6 billion in mitigation and $930 million in adaptation) last year, a 21% increase from 2016. This is in line with ADB’s commitment to double annual climate financing to $6 billion by 2020. In addition, ADB raised a total of $696 million in climate finance from external sources, bringing the total to $5.2 billion in 2017.

Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability is one of ADB’s seven priorities under its proposed new Strategy 2030, scheduled to be approved in July 2018.

ADB’s climate work is now guided by the Climate Change Operational Framework 2017–2030. The framework provides broad direction and guidance for enhancing resilience and strengthening climate actions in ADB’s operations and business processes, including scaling up finance for its developing member countries.

Continue Reading

Latest

Newsdesk6 hours ago

ADB Ranked First on Aid Transparency among Development Organizations

The Asian Development Bank (ADB) ranked first in the 2018 Aid Transparency Index (ATI), an independent measurement of aid transparency...

Green Planet7 hours ago

How Islam can represent a model for environmental stewardship

The world, not just the UN, is waking up to the power of faith-based organizations (FBOs). How can Islam, and...

Tech7 hours ago

Meet the 2018 World Economic Forum Technology Pioneers

The World Economic Forum announced its annual list of Technology Pioneers today. Of the 61 early-stage companies recognized for their...

Newsdesk8 hours ago

Climate-friendly initiatives and actions essential for tourism

The Secretary-General of the World Tourism Organization (UNWTO), Zurab Pololikashvili, called for the tourism sector to take more action to...

International Law10 hours ago

Refugee Trepidations: Protection Palisades and How to throw down the Gauntlet

The moniker “refugee” is identified by the academics, aid agents, media persons, governance architects, political establishments from multiple perspectives regarding...

Middle East10 hours ago

Eurasianism wins in Turkey even if ideologue loses election

He’s been in and out of prison during Recep Tayyip Erdogan’s rule and is running against the president in this...

Europe10 hours ago

Who are the ‘Willing’ in Central Europe – Axis of the 1930s coming back ?

The idea of an “axis of the willing against illegal migration” between Italy, Germany and Austria has been proposed by...

Trending

Copyright © 2018 Modern Diplomacy