Tag Archives: African Union

Blue Economy for Resilient Africa Program

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About the Blue Economy for a Resilient Africa Program 20180510-Guinea-Tremeau-015

The African Union estimates that the Blue Economy currently generates nearly US$300 billion for the continent, creating 49 million jobs in the process. These and other crucial benefits—most notably food security, livelihoods, and biodiversity—are entirely dependent on the ocean’s health. By safeguarding and enhancing marine and coastal health, countries will be in a better position to take full advantage of future Blue Economy opportunities, which range from sustainable blue energy to aquaculture to blue carbon.

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World Bank and African Union Team Up to Support Rapid Vaccination for Up to 400 million People in Africa

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PRESS RELEASE JUNE 21, 2021

Working with countries and partners across Africa to quickly expand equitable access to vaccines

WASHINGTON, June 21, 2021— The African Finance Ministers and the World Bank Group met today to fast track vaccine acquisition on the continent and avoid a third wave. In a boost to the African Union’s target to vaccinate 60% of the continent’s population by 2022, the World Bank and the AU announced that they are partnering to support the Africa Vaccine Acquisition Task Team (AVATT) initiative with resources to allow countries to purchase and deploy vaccines for up to 400 million people across Africa. This extraordinary regional effort complements COVAX and comes at a time of rising COVID-19 cases in the region. World Bank financing is available to support the purchase and deployment of doses secured by AVATT.

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