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African Development Bank unveils new digital platform for Africa Investment Forum

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The African Investment Forum’s new digital platform will connect project sponsors with investment opportunities in Africa, vastly improving the quality of project information and documentation.

The Platform, as it is known, also provides an opportunity for Transaction Facilitators and Advisers to showcase their professional services to both Investors and Project Sponsors.  

Project Sponsors will be able to provide information on their deals to a wide variety of investors at zero cost, while investors can showcase their product and service offerings, as well as express interest in projects on the platform.

The Africa Investment Forum is expecting the digital platform to become Africa’s premier digital marketplace and first resort for accessing an eco-system of investment stakeholders, projects and investment services providers

Aside from promoting centralized deal origination and reducing intermediation costs, The Platform will provide a whole range of benefits including:

A live database of private/PPP projects and non-confidential investment opportunities in Africa;

A repository of information on investors and technical assistance providers on the continent.

Matchmaking capabilities between investors, co-financiers and projects across sectors, instruments and regions;

Interactive engagement within communities of interest by sector which you will be able to join and actively participate in;

Deal flow analytics and investment support services;

Access to the trainings and courses in the ConnectAmericas Academy;

Multiple user roles as both Investors, Project Sponsors and Transaction Facilitators;

Bilingual capabilities for users.

Africa’s growth prospects remain steady, with overall GDP projected to accelerate to 4% in 2019, according to the Bank economic outlook report. Increasingly, the continent is witnessing a surge in the number of deals requiring financing, as a greater number of large and attractive businesses require increased capital for expansion.

The Platform is expected to connect a vibrant community of users interested in investment opportunities on the continent, providing relevant information on available projects, sources of funding, and technical assistance.

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Afghanistan: Civilian casualties exceed 10,000 for sixth straight year

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More than 10,000 civilians in Afghanistan were killed and injured last year, according to a new United Nations report that details record-high levels of civilian harm in the ongoing conflict.

“Almost no civilian in Afghanistan has escaped being personally affected in some way by the ongoing violence,” Tadamichi Yamamoto, the UN Special Representative for Afghanistan and head of the UN Assistance Mission in Afghanistan (UNAMA),  said  on Saturday. 

The report, entitled Afghanistan Annual Report on Protection of Civilians in Armed Conflict: 2019, documents 3,403 civilians killed and 6,989 injured – with the majority of the civilian casualties inflicted by anti-Government elements. 

It is the sixth year in a row that the number of civilian casualties has exceeded 10,000.

Grim milestone

After more than a decade of systematically documenting the impact of the war on civilians, the UN found that in 2019 the number of civilian casualties had surpassed 100,000.

“It is absolutely imperative for all parties to seize the moment to stop the fighting, as peace is long overdue; civilian lives must be protected and efforts for peace are underway”, stressed Mr. Yamamoto.

The figures outlined in the report, released jointly by UNAMA and the UN Human Rights Office, represent a five per cent decrease over the previous year, mainly due to a drop in civilian casualties caused by the terrorist group ISIL. 

However, civilian casualties caused by the other parties rose, including a 21 per cent increase by the Taliban and an 18 per cent surge by the international military forces, mainly due to an increase in improvised explosive device attacks and airstrikes. 

Protect civilians

“All parties to the conflict must comply with the key principles of distinction, proportionality and precaution to prevent civilian casualties,” said Michelle Bachelet, the UN High Commissioner for Human Rights. 

To ensure accountability, the report calls on all conflict parties to conduct prompt, effective and transparent investigations into all allegations of violations of international human rights law and international humanitarian law. 

“Belligerents must take the necessary measures to prevent women, men, boys and girls from being killed by bombs, shells, rockets and improvised mines; to do otherwise is unacceptable”, concluded the High Commissioner.

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UNIDO and Switzerland expand cooperation to support cocoa value chain in Nicaragua’s mining triangle

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photo: UNIDO

LI Yong, Director General of the United Nations Industrial Development Organization (UNIDO), and Federal Councillor Ignazio Cassis, Foreign Minister of the Swiss Confederation, have signed an agreement for a second phase of PROCACAO, a project to improve the productive and organizational capacities of cocoa producers in the so-called mining triangle in the northeast Nicaragua.

With a budget of US$4.845m over four years, the project will increase the productivity and competitiveness of actors along the cocoa value chain. By the end of the project, the income of at least 1,250 cocoa-producing families will have increased, as will the overall production of cocoa. Eighty per cent of producers will be certified with the Rainforest Alliance seal.

To obtain these results, the project is built on the dialogue with the main investment companies and the public sector; the project supports cocoa cooperatives and producers to be able to apply the protocol set up by large private buyers. It will establish agribusiness services driven by young people in order to improve the yield and the quality of the cocoa. Quality certification and best environmental practices will be target to improve and sustain the income from cocoa. 

The partnership between UNIDO and the Swiss Agency for Development and Cooperation started in 2015. The first phase of the PROCACAO project achieved impact changes for producers, cooperatives and the cocoa market in the region. In the productive field, relevant technological advances were introduced by incorporating high-quality genetic material in cooperatives, establishing best practices for grafted cocoa, improving post-harvest work and advancing with the UTZ certification process in at least six cooperatives. At the market level, commercial relations were established with the main cocoa buyer present in the country. The commercialization options for fermented dry cocoa were expanded, ensuring the uptake of cocoa in the region.

Today, the scope of the initiative is to be widened even as the environmental challenges have increased. Thanks to the experience gained in the first phase, UNIDO believes that the region will emerge as a player in the international cocoa value chain, demonstrating a sustainable model that is able to integrate women and youth empowerment, as well as preserve biodiversity.

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La Paz and Santa Cruz de la Sierra Develop Urban Resilience with World Bank Support

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The World Bank Board of Directors approved two loans totaling US$70 million today to support the cities of La Paz and Santa Cruz de la Sierra in their efforts to reduce vulnerabilities to climate risks and to improve living conditions of more than 167,000 residents of lower-income areas of those municipalities.

The resources will be used to develop the resilience of the two cities. They will help strengthen their capacity to reduce and prevent climate risks and provide rapid response to the impacts produced by natural disasters.

The project includes the construction of infrastructure resistant to hydrometeorological phenomena such as mudslides and floods, including improved drainage ditches and river management works. Additionally, the project will improve neighborhoods and public spaces and promote sustainable urban mobility.

“With this project, we reiterate our commitment to Bolivia, and especially to the most vulnerable population, which is always more exposed to climate risks. It is essential for cities to be resilient and protect their inhabitants since, in addition to the dangers families face in emergency situations, their wellbeing suffers and their social advances are threatened,” saidMarianne Fay, World Bank Director for Bolivia, Chile, Ecuador and Peru.

Over 20 percent of the Bolivian population, which is responsible for 21 percent of GDP, lives in areas of high climate risk. Therefore, it is crucial for municipalities to strengthen their urban resilience systems with planned investments. In La Paz and Santa Cruz de la Sierra, this need has become increasingly evident given their rapid growth, which has created a variety of challenges.

According to the Mayor of La Paz, Luis Revilla, this loan will enable the municipal government to respond to the considerable social needs in vulnerable areas of the city through interventions in water risk management and stabilization of zones. “This operation responds to a process of short-, medium- and long-term planning that the municipality began many years ago and that is established in Plan 2040, La Paz that We Want. It also reflects the responsible, efficient management of city finances, prioritizing high social impact interventions with a strong resilience component to reduce risks and improve the quality of life of La Paz residents,” he said.

“The Santa Cruz municipality works with the World Bank in urban resilience with the purpose of improving the quality and conditions of life of our population and to transform the city with the neighbors’ help,” stated the Mayor of Santa Cruz de la Sierra, Percy Fernandes Añez. “Four integral and priority projects will be financed: a drainage channel in the 8th ring road – Abasto Wholesale Supply Center, the network of bicycle lanes and upgrading of public space, the revitalization and protection of the ecological cordon and construction of the Metropolitan Park along the Piraí River, and the renovation and improvement of the Historic Center. These projects will become references and models of urban and social development, in order to be replicated throughout the city and at national and international levels,” he added.

The preparation and negotiations of the Urban Resilience Project, financed by the World Bank, began in 2018. This process was completed last January, when the previous agreements were approved.

In an effort to support project implementation and expand capacities to invest in the development of resilience of Bolivian cities, the World Bank and the Swiss State Secretariat for Economic Affairs (SECO) in Bolivia are planning joint technical assistance activities with the municipalities and the national government.

The implementing agencies of the loans will be the Autonomous Municipal Government of La Paz (GAMLP), which will receive US$20 million, with a maturity date of 18 years and a six-year grace period; and the Autonomous Municipal Government of Santa Cruz de la Sierra (GAMSC), which will receive US$ 50 million, with a maturity date of 15 years and a five-year grace period.

The resources correspond to investment financing from the International Development Corporation (IDA), an entity of the World Bank Group.

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