Infrastructure Consortium For Africa
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Infrastructure Consortium For Africa
The 'Infrastructure Consortium for Africa'' (ICA) was launched at the 2005 G8 Gleneagles Summit, with the mission to help improve the lives and economic well-being of African people by supporting and promoting increased infrastructure investment from both public and private sources. ICA also acts as a platform to increase infrastructure financing, help remove policy and technical barriers, facilitate greater cooperation, and increase knowledge through monitoring, reporting and sharing best practices. Sectors ICA's work in infrastructure covers four sectors—energy, transport, water, and information and communication technology (ICT). The ICA Water Platform (WP) was established in 2011 and is championed by Germany, which provides financial support and an infrastructure expert to supervise implementation of WP activities. The WP facilitates cooperation and matchmaking between ICA members, key African stakeholders and the private sector, including regular dialogue leading to j ...
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Development Bank Of Southern Africa
The Development Bank of Southern Africa (DBSA) is a development finance institution wholly owned by the Government of South Africa. The bank intends to "accelerate sustainable socio-economic development in the Southern African Development Community (SADC) by driving financial and non-financial investments in the social and economic infrastructure sectors". History, mandate and vision The Development Bank of Southern Africa is a South African development bank whose stated primary purpose is to promote economic development and growth, improve the quality of lives of people and promote regional integration through infrastructure, finance and development. The DBSA mandate focuses the banks underlying policy to play a catalytic role in delivering developmental infrastructure in South Africa and the rest of Africa. The Bank's mandate focuses the energy, water, transport and telecommunications sectors, with a secondary focus on health and education. The DBSA is actively involved in al ...
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33rd G8 Summit
The 33rd G8 summit was held at Kempinski Grand Hotel, 6–8 June 2007. The summit took place in Heiligendamm in the Northern German state of Mecklenburg-Vorpommern on the Baltic Coast. The locations of previous G8 summits to have been hosted by Germany include Bonn (1978, 1985), Munich (1992) and Cologne (1999). Overview The Group of Seven ( G7) was an unofficial forum which brought together the heads of the richest industrialized countries: France, Germany, Italy, Japan, the United Kingdom, the United States and Canada starting in 1976. The G8, meeting for the first time in 1997, was formed with the addition of Russia.Saunders, Doug"Weight of the world too heavy for G8 shoulders,"''Globe and Mail'' (Toronto). 5 July 2008. In addition, the President of the European Commission has been formally included in summits since 1981.Reuters"Factbox: The Group of Eight: what is it?" 3 July 2008. The summits were not meant to be linked formally with wider international institutions; and in ...
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32nd G8 Summit
The 32nd G8 summit was held on 15–17 July 2006 in Saint Petersburg, Russia. The venue was the Constantine Palace, which is located in Strelna on the Gulf of Finland. This was the first time Russia served as host nation for a G8 summit; and the nation's status as a full member of the G8 was confirmed. Overview The Group of Seven ( G7) is a forum which brings together the heads of the countries: France, Germany, Italy, Japan, the United Kingdom, the United States and Canada starting in 1976. The G8, meeting for the first time in 1997, was formed with the addition of Russia.Saunders, Doug"Weight of the world too heavy for G8 shoulders" ''Globe and Mail'' (Toronto). 5 July 2008. In addition, the President of the European Commission has been formally included in summits since 1981.Reuters"Factbox: The Group of Eight: what is it?" 3 July 2008. The summits were not meant to be linked formally with wider international institutions; and in fact, a mild rebellion against the stiff forma ...
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Department For International Development
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Ivory Coast
Ivory Coast, also known as Côte d'Ivoire, officially the Republic of Côte d'Ivoire, is a country on the southern coast of West Africa. Its capital is Yamoussoukro, in the centre of the country, while its largest city and economic centre is the port city of Abidjan. It borders Guinea to the northwest, Liberia to the west, Mali to the northwest, Burkina Faso to the northeast, Ghana to the east, and the Gulf of Guinea (Atlantic Ocean) to the south. Its official language is French, and indigenous languages are also widely used, including Bété, Baoulé, Dioula, Dan, Anyin, and Cebaara Senufo. In total, there are around 78 different languages spoken in Ivory Coast. The country has a religiously diverse population, including numerous followers of Christianity, Islam, and indigenous faiths. Before its colonization by Europeans, Ivory Coast was home to several states, including Gyaaman, the Kong Empire, and Baoulé. The area became a protectorate of France in 1843 ...
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Abidjan
Abidjan ( , ; N'Ko script, N’ko: ߊߓߌߖߊ߲߬) is the economic capital of the Ivory Coast. As of the Demographics of Ivory Coast, 2021 census, Abidjan's population was 6.3 million, which is 21.5 percent of overall population of the country, making it the sixth most populous city proper in Africa, after Lagos, Cairo, Kinshasa, Dar es Salaam, and Johannesburg. A cultural crossroads of West Africa, Abidjan is characterised by a high level of industrialisation and urbanisation. It also is one of the most populous French-speaking cities in Africa. The city expanded quickly after the construction of a new wharf in 1931, followed by its designation as the capital city of the then-French colony in 1933. The completion of the Vridi Canal in 1951 enabled Abidjan to become an important sea port. Abidjan remained the capital of the Ivory Coast after its independence from France in 1960. In 1983, the city of Yamoussoukro was designated as the official political capital of Ivory Coast. Ho ...
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Regional Economic Communities
The Regional Economic Communities (RECs) in Africa group together individual countries in subregions for the purposes of achieving greater economic integration. They are described as the "building blocks" of the African UnionAU and are also central to the strategy for implementing the New Partnership for Africa's Development (NEPAD). List of Regional Economic Communities recognized by the African Union Currently, there are eight RECs recognised by the AU, each established under a separate regional treaty. They are: * Arab Maghreb Union (AMU) * Common Market for Eastern and Southern AfricaCOMESA * Community of Sahel-Saharan States (CEN-SAD) * East African CommunityEAC * Economic Community of Central African States (ECCAS) * Economic Community of West African StatesECOWAS * Intergovernmental Authority on Development (IGAD) * Southern African Development CommunitySADC Background From its establishment in 1963, the Organisation of African Unity (OAU) identified the need for the econom ...
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New Partnership For Africa's Development
The New Partnership for Africa's Development (NEPAD) is an economic development program of the African Union. NEPAD was adopted at the 37th session of the Assembly of Heads of State and Government in July 2001 in Lusaka, Zambia. NEPAD aims to provide an overarching vision and policy framework for accelerating economic co-operation and integration among African countries. Origins and function NEPAD is a merger of two plans for the economic regeneration of Africa: the Millennium Partnership for the African Recovery Programme (MAP), led by Former President Thabo Mbeki of South Africa in conjunction with Former President Olusegun Obasanjo of Nigeria and President Abdelaziz Bouteflika of Algeria; and the OMEGA Plan for Africa developed by President Abdoulaye Wade of Senegal. At a summit in Sirte, Libya, March 2001, the Organisation of African Unity (OAU) agreed that the MAP and OMEGA Plans should be merged. The UN Economic Commission for Africa (UNECA) developed a "Compact for Afric ...
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African Union Commission
The Commission of the African Union acts as the executive/administrative branch or secretariat of the African Union (and is somewhat analogous to the European Commission). It consists of a number of Commissioners dealing with different areas of policy. The African Union Headquarters are in Addis Ababa, Ethiopia. It should be distinguished from the African Commission on Human and Peoples' Rights, (based in Banjul, Gambia), which is a separate body that reports to the African Union. History On September 13, 2005 an agreement was reached by the Commission and France whereby France would donate €5 million for the furtherance of African Union activities. Some of the initiatives this money will go to are an African Communication Policy and an African Common Defence Force. The signatory on behalf of the Commission was Bernard Zoba. The African Union Commission became a part of the Forum on China–Africa Cooperation (FOCAC) in 2012. FOCAC is the main multi-lateral coordination m ...
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European Investment Bank
The European Investment Bank (EIB) is the European Union's investment bank and is owned by the EU Member States. It is one of the largest supranational lenders in the world. The EIB finances and invests both through equity and debt solutions projects that achieve the policy aims of the European Union through loans, guarantees and technical assistance. The EIB focuses on the areas of climate, environment, small and medium sized enterprises (SMEs), development, cohesion and infrastructure. It has played a large role in providing finance during crises including the 2008 financial crash and the COVID-19 pandemic. Since its inception in 1958 the EIB has invested over one trillion euros. It primarily funds projects that "cannot be entirely financed by the various means available in the individual Member States". The EIB is one of the biggest financiers of Sustainable finance, green finance in the world. In 2007, the EIB became the first institution in the world to issue Green bond, ...
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31st G8 Summit
The 31st G8 summit was held on 6–8 July 2005 at the Gleneagles Hotel in Auchterarder, Scotland and hosted by Prime Minister Tony Blair. The locations of previous G8 summits to have been hosted by the UK include: London (1977, 1984, 1991); and Birmingham (1998). It is the first G8 summit to be held in Scotland. A sixth UK summit was held in Lough Erne in 2013; and a seventh UK summit was held in Carbis Bay in 2021. Overview The Group of Seven ( G7) was an unofficial forum which brought together the heads of the richest industrialized countries: France, Germany, Italy, Japan, the United Kingdom, the United States and Canada starting in 1976. The G8, meeting for the first time in 1997, was formed with the addition of Russia.Saunders, Doug "Weight of the world too heavy for G8 shoulders," ''Globe and Mail'' (Toronto). July 5, 2008. In addition, the President of the European Commission has been formally included in summits since 1981. The summits were not meant to be linked form ...
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