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OPEC Fund approves over $150mln in new financing to drive global … – ZAWYA

The OPEC Fund for International Development (the OPEC Fund) has approved more than US$150 million in new financing for projects in Africa, Asia, Latin America and Caribbean regions to support the development of resilient and modern infrastructure for health, education, agriculture, water supply and sanitation management, and to provide access to finance for micro-, small- and medium-sized enterprises (MSMEs).

OPEC Fund Director-General Dr. Abdulhamid Alkhalifa said: “The endorsement of this new financing in support of projects that will boost sustainable development in our partner countries reaffirms our commitment to help solve pressing global challenges for communities worldwide. At a time of global volatility, the OPEC Fund is stepping up to deliver meaningful and effective support where it is needed most.”

The OPEC Fund Governing Board approved the following projects at its 185th meeting:

Benin: A US$25.5 million loan will support the modernization of two vocational and technical schools in Djougou and Ouidah and is expected to improve the quality of education and enhance skills for future job seekers. These two cities have a combined population of more than 250,000 inhabitants and serve as important urban hubs.

Guatemala: A US$15 million loan will support the development of modern infrastructure at the National Biologicals Center (CNB) in Guatemala City and is expected to improve the cold-chain logistics, storage and distribution of critical vaccines and supplies nationwide.

Liberia: A US$20 million loan is expected to support and improve the management of community- and women-led fisheries, making them both more efficient and sustainable. New opportunities and better incomes will enhance the living conditions for beneficiary communities. The OPEC Fund is complementing its loan with a US$240,000 technical assistance grant.

Rwanda: A US$21.2 million loan will contribute to the improvement of water supply services in Rwamagana, a city of 50,000 people in the east of the country, and in the eastern part of the capital Kigali.  It is expected to increase overall access to safe water supply services and strengthen the country’s resilience to climate change.

TajikistanA US$8 million co-financing loan will support the development of modern and updated school infrastructure in three provinces, thereby strengthening educational systems and learning environments.

Uganda: A US$25 million loan to the Uganda Development Bank will enhance access to short and long-term financing for MSMEs, women-owned or –led and youth-oriented companies.

Zimbabwe: US$15 million loan will support sustainable horticultural production and is expected to increase sales by smallholder farmers and MSMEs in 10 provinces to benefit more than 70,000 households.

Albania: A €20 million private sector loan is expected to increase lending to MSMEs, including those led by women, the agribusiness sector and green energy projects, which substantially contribute to the country’s economic growth, job creation and innovation.

The OPEC Fund Governing Board also approved the establishment of an Energy Access and Climate Action Trust Fund: a new facility designed to unlock and scale-up financing for the energy transition in sub-Saharan Africa, before being expanded to other developing regions.

About the OPEC Fund

The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. The OPEC Fund was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people. Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. To date, the OPEC Fund has committed more than US$24 billion to development projects in over 125 countries with an estimated total project cost of US$190 billion. The OPEC Fund is rated AA+/Outlook Stable by Fitch and AA, Outlook Positive by S&P. Our vision is a world where sustainable development is a reality for all.

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African 2026 World Cup Qualifying Fixtures


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Although the 2026 FIFA World Cup is still years away, the African qualifiers are set to begin soon. The next World Cup will be held in three locations for the first time in history – the US, Canada, and Mexico. CAF has secured 9 slots for African teams who will battle it out for a chance to play on the global stage. Below, we review the African 2026 FIFA World Cup qualification schedule and fixtures.

New Qualification Format

Nine CAF teams will make it to the World Cup. This is a change from the previous five, which means local and international betting sites have to update their betting lines even as the CAF adjusts its qualification format. The CAF announced this new format on May 19 this year. Now, participating teams will be drawn into nine groups of six teams, with each group winner qualifying directly for the World Cup. 

Draw and Groups

On July 13, the CAF performed the draw for the qualifications in Abidjan, Ivory Coast. All 54 CAF football associations will be represented, and the teams will be divided into the following groups:

  1. Group I: Chad, Comoros, CAR, Madagascar, Ghana, Mali
  2. Group H: Sao Tome and Principe, Liberia, Malawi, Namibia, Equatorial Guinea, Tunisia
  3. Group G: Somalia, Botswana, Mozambique, Uganda, Guinea, Algeria
  4. Group F: Seychelles, Burundi, Gambia, Kenya, Gabon, Ivory Coast
  5. Group E: Eritrea, Niger, Tanzania, Congo, Zambia, Morocco
  6. Group D: Mauritius, Eswatini, Libya, Angola, Cape Verde, Cameroon
  7. Group C: Lesotho, Rwanda, Zimbabwe, Benin, South Africa, Nigeria
  8. Group B: South Sudan, Sudan, Togo, Mauritania, DR Congo, Senegal
  9. Group A: Djibouti, Ethiopia, Sierra Leone, Guinea, Burkina Faso, Egypt

Schedule

The qualifiers will be held across 10 match days with some combined dates for the playoff semifinals and finals. The closest dates to look forward to are:

Matchday One: Nov. 13-21, 2023

  1. Group I: Comoros Vs. Central African Republic, Ghana Vs. Madagascar, Mali Vs. Chad
  2. Group H: Liberia Vs. Malawi, Equatorial Guinea Vs. Namibia, Tunisia Vs. Sao Tome e Principe
  3. Group G: Botswana Vs. Mozambique, Guinea Vs. Uganda, Algeria Vs. Somalia
  4. Group F: Burundi Vs. Gambia, Gabon Vs. Kenya, Ivory Coast Vs. Seychelles
  5. Group E: Niger Vs. Tanzania, Zambia Vs. Congo Brazzaville, Morocco Vs. Eritrea
  6. Group D: Eswatini Vs. Libya, Cape Verde Vs. Angola, Cameroon Vs. Mauritius
  7. Group C: Rwanda Vs. Zimbabwe, South Africa Vs. Benin, Nigeria Vs. Lesotho
  8. Group B: Sudan Vs. Togo, Senegal Vs. South Sudan, Democratic Republic of Congo Vs. Mauritania,
  9. Group A: Ethiopia Vs. Sierra Leone, Burkina Faso Vs. Guinea-Bissau, Egypt Vs. Djibouti

Matchday Two: Nov. 13-21, 2023

  1. Group I: Chad Vs. Madagascar, Comoros Vs. Ghana, CAR Vs. Mali
  2. Group H: Sao Tome Vs. Namibia, Liberia Vs. E. Guinea, Malawi Vs. Tunisia
  3. Group G: Somalia Vs. Uganda, Botswana Vs. Guinea, Mozambique Vs. Algeria
  4. Group F: Seychelles Vs. Kenya, Burundi Vs. Gabon, Gambia Vs. I. Coast
  5. Group E: Eritrea Vs. Congo, Niger Vs. Zambia, Tanzania Vs. Morocco
  6. Group D: Mauritius Vs. Angola, Eswatini Vs. Cape Verde, Libya Vs. Cameroon
  7. Group C: Lesotho Vs. Benin, Rwanda Vs. S. Africa, Zimbabwe Vs. Nigeria
  8. Group B: S. Sudan Vs. Mauritania, Sudan Vs. DR Congo, Togo Vs. Senegal
  9. Group A: Djibouti Vs. G. Bissau, Ethiopia Vs. B. Faso, S. Leone Vs. Egypt

Wrapping Up

The African (CAF) qualification campaign will kick off in November and set the stage for the 54 participating countries to compete for the 9 World Cup slots. Meanwhile, Morocco’s run in the 2022 World Cup has revitalized enough hope on the continent for a real shot at the trophy.

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We do not recognise Mnangagwa as President – says opposition as MPs boycott 10th Parliament opening, SONA address


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By Staff Reporter


CITIZENS Coalition for Change legislators have snubbed the State of the Nation Address (SONA) delivered by President Emmerson Mnangagwa at the opening of the 10th Parliament.

According to a source, the decision to steer clear of the SONA along with the official opening of the 10th Parliament came from the party.

This is the latest protest by the opposition party following the conclusion of the general elections in August.

President Mnangagwa emerged winner with a 52,6% share of the vote while Chamisa got 44%.

CCC has since disputed the election results while calling for a rerun.

“We have been told to remain in our constituencies. The directive came as a party position,” revealed the source.

Opposition spokesperson Promise Mkwananzi said: “We are boycotting the processes that Mnangagwa wants us to undertake on the basis of the fact that we as CCC do not recognize an election that put him there. The election was a sham, it did not go well. If fell abysmally short of the expected standards of a free and fair election in terms of the laws of Zimbabwe as well as in terms of SADC and AU protocols on free and fair elections.

“Accordingly, we are not attending that process. We want to send a clear message that there should be a free election in Zimbabwe under the auspices of SADC. So, that is the message that will be sending out.”

After the contested 2018 general election, then MDC-Alliance MPs walked out as soon as Mnangagwa began his SONA in protest.

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Zanu PF dispels any hope for Transitional government, maintains August elections were free and fair

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By Leopold Munhende | Chief Correspondent


ZANU PF Treasurer General Patrick Chinamasa has dispelled hopes for a transitional government or rerun, options being pushed regionally after Zimbabwe’s heavily criticised August polls.

Chinamasa took to Twitter Monday to declare that, despite regional and international criticism of the election, Zanu PF maintained it was free and fair.

He described calls for a rerun of the elections won by President Emmerson Mnangagwa, as neocolonial.

Mnangagwa claimed 52.6% of the presidential vote against main contender Citizens Coalition for Change (CCC) President Nelson Chamisa’s 44%.

“I ask the CCC class and its Prefect, Nelson Chamisa, to repeat after me the following that the 23rd of August 2023 was free, fair, transparent, and credible; that there will be no rerun of the elections,” said Chinamasa.

“There will be no Government of National Unity (GNU), there will be no so-called Transitional Authority (whatever that may mean), Zimbabwe, under Zanu PF’s watch will never be a banana republic.

“Zanu PF will forever say “NO” to neocolonialism and hegemonism and an emphatic “NO” to subjugation by sanctions-imposing Western countries, Nyika Inovakwa Nevene Vayo, Ichitongwa Nevene Vayo, Ichinamatirwa Nevene Vayo, Ichichengetedzwa Nevene Vayo, Ichidzivirirwa Nevene Vayo. 

Zimbabwe will never, never, never be a colony again.”

Mnangagwa’s re-election has received massive criticism after heavy bungling by the Zimbabwe Electoral Commission (ZEC) on August 23.

Late provision of voting material, allegations of voter intimidation by Central Intelligence Organisation (CIO) backed Forever Associates Zimbabwe (FAZ), barring of opposition rallies, arrest of opposing politicians and accusations ZEC had been captured by the military all worked against its credibility.

The European Union (EU), Commonwealth, United Kingdom (UK), regional body SADC and AU all questioned its fairness.

Zanu PF has spent the greater part of Zimbabwe’s post election period to lay into Zambian President Hakainde Hichilema whom it accuses of orchestrating negative reviews of Zimbabwe’s polls by SADC.

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