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Sierra Leone Records Progress in Human Capital Development – But Requires Sustained Investments to Drive Economic Growth and Reduce Poverty

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Sierra Leone has made commendable strides in improving human capital development with the government demonstrating a strong commitment to enhancing the well-being and productivity of its population through significant investments in health and education, according to a new World Bank report launched today in Freetown. The report also highlights the prioritization of social protection interventions like cash transfers to extremely vulnerable groups as a notable intervention aimed at reducing poverty and building human capital.

The Sierra Leone Human Capital Review: Maximizing Human Potential for Resilience and Inclusive Development, provides critical insights into the country’s efforts to foster human capital development and economic growth. The report examines the current state of health, education, and social protection systems in the country and offers recommendations to enhance the effectiveness of human capital investments.

“The future socio-economic stability and prosperity of Sierra Leone is intrinsically linked to the well-being of its people,” said Abdu Muwonge, World Bank Country Manager for Sierra Leone“This report provides a roadmap for the government and its partners to strengthen human capital, which is essential for Sierra Leone to achieve its full economic potential and improve the livelihoods of its citizens.”

‘Human Capital Development’ is the first Policy Cluster in the Government of Sierra Leone’s Medium-term National Development Plan (MTNDP) 2019–2023 with increased financing of inputs in key human development sectors such as health and education. The new MTNDP (2024-2030) also prioritizes human capital development among its five key pillars, with food security as the main flagship. This increased commitment towards social sectors has resulted in improvements in health and education outcomes. For example, maternal and under-5 mortality rates, adult survival rates, as well as expected years of schooling have all improved since 2005. The Free Quality Education, launched in 2018, helped to reduce barriers to accessing education with the Education Sector Plan (2022–2026) laying out the core priorities and presenting a road map to achieving the country’s education goals. There have also been improvements in social protection coverage – the flagship social protection initiative, ‘Ep Fet Po’ cash transfer program, financed through the World Bank-supported Social Safety Net (SSN) Project, provides direct financial support to the most vulnerable populations, thereby contributing to the development of a more resilient and capable workforce.

However, Sierra Leone still faces challenges related to low human development outcomes, high poverty rates, and limited access to basic services, the report notes. The country ranks 151 out of 157 countries on the Human Capital Index (HCI). The HCI value is lower than the region’s average, indicating significant challenges in human capital development. The report highlights that only around two-thirds of today’s 15-year-olds can be expected to survive to the age of 60, and about one-quarter of the country’s children are stunted due to chronic malnutrition. Additionally, the HCI measure predicts that a child born today in Sierra Leone can be expected to be only 35% as productive when he or she grows up as the child could have been if he or she had enjoyed complete education and full health.

“The government of Sierra Leone has demonstrated a strong commitment to human capital. This report makes the case that one of the best investments a country can make is investing in its people,” said Ali Ansari, World Bank Senior Economist and one of the lead authors of the report. “A healthy, educated and skilled population is the cornerstone of Sierra Leone’s journey towards a resilient, prosperous and inclusive future.”

As policy priorities over the short to medium-term, the report emphasizes the need to: (i) prioritize investments in high-impact interventions for foundational learning, health, youth skills and employability; (ii) improve workforce management; (iii) prioritize investments in ensuring a minimum social protection floor for Sierra Leone; (iv) strengthen governance and implementation capacity; and (v) improve national and local level coordination in human capital development. The report also identifies several cross-cutting areas that should be prioritized, including: (i) building resilient and adaptive human development systems; (ii) improving food security; (iii) leveraging technology to enhance service delivery; and (iv) targeting human capital interventions to vulnerable groups, especially adolescent girls, women, youth and the poorest.

The Sierra Leone Human Capital Review is part of the World Bank’s broader commitment to supporting countries in their efforts to build strong human capital as a foundation for inclusive growth. This is in line with WBG’s vision of creating a world free of poverty on a livable planet. The report’s findings will serve as a valuable resource for policymakers, development partners, and stakeholders working towards a prosperous future for Sierra Leone.

Distributed by APO Group on behalf of The World Bank Group.

Digital Lab Launches “Innovations Map” to Connect Libya’s Digital Innovators

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The Digital Lab, a Libyan initiative fostering innovation and digital transformation, has officially launched its highly anticipated innovations map (https://LDIL.gia.gov.ly) platform. This user-friendly online tool will serve as a comprehensive resource, connecting innovators, entrepreneurs, researchers, and investors across the country. The launch ceremony was held at the headquarters of the General Information Authority in Tripoli.

“The launch of the Digital Lab’s Innovations Map represents a positive step forward in realizing our national digital transformation strategy,” stated Abdelbaset Albaor, chairman of the General Information Authority.” This platform is a testament to the collaborative efforts between the General Information Authority, Libyan institutions, and our international partners. It showcases the great initiatives taking place, laying the groundwork for a thriving and innovative digital ecosystem to take root in Libya.”

About the Digital Lab

The Libyan Digital Lab is a collaborative think tank hub established under the supervision of the General Information Authority with the support of the E-nable (https://E-nable.ly) project, funded by the European Union and implemented by Expertise France. This initiative aims to boost creativity and innovation and accelerate Libya’s digital transformation journey.

The Digital Lab team comprises representatives from various key government institutions in Libya responsible for digitization, technology, and innovation. Through a series of workshops and training sessions provided by the E-nable (https://E-nable.ly) project, the team has benefitted from the technical expertise of international digital specialists and experts. Notably, a study tour to Paris (https://apo-opa.co/3x97Fp3) offered valuable insights into the French approach to digital strategy and the practical applications of digital tools used by French institutions.

Digital technologies can act as a catalyst, supporting key policy objectives, including supporting economic resilience, boosting SMEs’ competitiveness, facilitating the green transition and developing new digital skills.” Said Marton Benedek, Head of Cooperation at the EU Delegation to Libya. “The Digital Lab, created by E-nable, is a tangible outcome aimed at enhancing innovation capacities and investing in strategic value chains, networks and digital ecosystems. The EU will continue supporting the Libyan institutions to keep pace with the digital transformation and adapting the governance systems to our digitalized world.

Empowering Innovation Through Collaboration

The Digital Lab’s dedication to cultivating a vibrant innovation ecosystem in Libya has culminated in the launch of its innovations map (https://LDIL.gia.gov.ly). This centralized platform maps innovation activities across Libya, capturing everything from private sector initiatives like the on-demand delivery apps to governmental e-services that streamline business registration or public procurement operations.

The platform offers several key benefits:

Enhance visibility: Showcase Libya’s innovation potential and ongoing projects to a wider audience.
Facilitate collaboration: Enable innovators to connect with potential collaborators and partners across the government, public, and private sectors.
Boost knowledge sharing: Serve as a platform for sharing best practices, successful solutions and case studies, and valuable digital resources.

“We at Expertise France are delighted to witness the launch of the Innovations Map, the result of the Digital Lab’s dedication to supporting digital innovation in Libya,” expressed Julien Schmitt, Country Representative and Programs Director at Expertise France in Libya. “The Innovations Map is a valuable tool that will not only enhance Libya’s visibility in the digital world but also fuel the development of a more inclusive and collaborative innovation landscape in Libya.”

The Innovations Map (https://LDIL.gia.gov.ly), which is the first significant outcome achieved by the Digital Lab, is envisioned as a continuously evolving platform encompassing digital innovations and initiatives from all Libyan regions. This is because users themselves can contribute their innovations to the map. The platform is expected to be a positive tool for driving Libya’s digital transition, unlocking new opportunities, and elevating Libya’s position as a hub for innovation.

Distributed by APO Group on behalf of Expertise France.

Contact:
Sarah Belamin
Communication Officer – Expertise France Economical program in Libya
sarah.belamin@expertisefrance.fr
+218946660453

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About The European Union:
The European Union is made up of 27 Member States, which have decided to gradually pool their know-how, their resources, and their destiny. Together, over a period of over 50 years of enlargement, they have built an area of stability, democracy, and sustainable development, while maintaining their cultural diversity, tolerance and individual freedoms. The European Union is determined to share its achievements and values with countries and peoples beyond its borders.

About Expertise France:
Expertise France 
is the French public agency for international technical assistance. It aims to contribute to sustainable development based on solidarity and inclusiveness, mainly through enhancing the quality of public policies within the partner countries.

Expertise France is implementing a range of EU-funded projects in the economic sector in Libya by utilizing highly qualified national and international experts. These projects include SLEIDSE, EU4PSL, PAMRI, and Raqam-e projects, which have successfully contributed to raising awareness about entrepreneurship and coding, supported the private sector, engaged and empowered CSOs and women entrepreneurs, and facilitated access to finance.

About E-NABLE:
E-NABLE is a three-year project funded by the European Union and implemented by Expertise France. It aims to improve the capacities of key economic institutions for a sustainable, diversified, and digital economy to institutionalize the private sector’s economic growth with the support of both private and public sector organizations.

Kenmare Resources gears for growth with a new US$200m facility led by Rand Merchant Bank (RMB)

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London-listed Kenmare Resources plc, operator of the Moma titanium minerals mine in northern Mozambique, has secured a funding package to refinance a maturing revolving credit facility and a five-year term loan facility.

RMB, acting as the Initial Mandated Lead Arranger (IMLA) on the deal as well as one of the lending banks, worked with Kenmare to structure a new five-year US$200m RCF. The tailored facility allows Kenmare to meet their strategic objectives in the most efficient way possible, giving them the financial flexibility they need to position the company for future growth in this bespoke commodity sector.

Kenmare has a strong track record of successfully executing several growth and business improvement projects, having invested more than US$1.4bn into the Moma mine since inception. Their focus on environmental, social and governance (ESG) has resulted in more than 90% of the electricity they consume being derived from low-cost hydroelectric power, and in 2022, Kenmare was awarded the ESG Producer of the Year at the Mines&Money Outstanding Achievement Awards.

Having worked with Kenmare since 2019, RMB has developed a sound understanding of the company’s strategic priorities at both a corporate and project level, leading to a differentiated funding solution that allows the company to continue focussing on some of their core objectives. These include the ability to operate both sustainably and responsibly, ensuring a strong balance sheet while allocating capital efficiently and delivering value to shareholders, and maintaining long-life, low-cost production via the move of one of their processing plants to a new orebody that will underpin production sustainably for decades.

Kenmare continues to be the largest employer in the Nampula province and has contributed more than US$200m in taxes and royalties. Through the Kenmare Moma Development Association (KMAD), they have also implemented development programmes in the mine’s host communities, investing US$16m to date.

“RMB’s commitment to expanding the resources sector in Africa, combined with our extensive knowledge and experience in Mozambique, played a crucial role in successfully securing this deal.  This transaction highlights our capability to orchestrate syndicated deals across the African continent, with a specific focus on the mining sector. It represents the culmination of thorough diligence and unwavering dedication to understanding our clients’ unique requirements.” says Andre Lubbe, Resources Sector Focus Lead at RMB.

Distributed by APO Group on behalf of Rand Merchant Bank.

The Urban and Municipal Development Fund of the African Development Bank has approved an annual work programme to support 14 new municipalities and local authorities

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The Technical Committee of the African Development Bank (AfDB) Group (www.AfDB.org) met on 18 March 2024 in Abidjan and approved the new work programme for 2024. The committee, responsible for monitoring the work of the AfDB’s Urban and Municipal Development Fund (UMDF), allocated a total of US$4.5 million to support projects in 14 African municipalities and local authorities.

The first part of the programme, totalling some $500,000, will be centred on improving the quality of urban governance. The Fund will launch a capacity-building and consulting programme to improve municipal finances and solvency in six large pilot cities in Africa – Nairobi, Dakar, Abidjan, Addis Ababa, Kigali and Lagos. The aim is to maintain the support programme for municipalities and help them identify and access new sources of public and private finance.

The second part of the programme will target urban planning and will receive funding of $900,000. The money will be spent to extend the African Cities Programme to six new cities in addition to 13 already benefiting. This programme involves the design of effective urban action plans and identifying priority investment projects worthy of support from donors including the African Development Bank.

Finally, the Fund will release $2.8 million for the third part of the programme aimed at accelerating the upgrade of urban infrastructure across various fronts. The money will finance preliminary studies for projects (feasibility studies in some cases and detailed technical studies in others). Water-related projects will also play a key role in view of the urgent need to improve resilience of cities and their ability to adapt to climate change. Such projects include sewerage and water drainage in Maroua (Cameroon), sewerage networks in Accra (Ghana), drinking water treatment in the Cairo region (Egypt), coastal works in Nouakchott (Mauritania) and climate-resilient infrastructure planning in Cape Town (South Africa).

The Fund’s support programme for project preparation will also extend to public transport, financing studies to develop the bus network in Addis Ababa (Ethiopia) and railway services in Lagos (Nigeria).

“These projects have been selected because of their potential impact, their ability to change the daily lives of millions of African citizens living in urban areas, but also because of their inclusive dimension and the benefits they bring for combating and adapting to climate change,” said Mike Salawou, Director of the Infrastructure and Urban Development Department at the AfDB. Mr Salawou also chairs the Technical Committee.

Launched in 2019, the Urban and Municipal Development Fund acts as facilitator and accelerator of infrastructure projects, promoting a comprehensive approach that fosters synergies between sectors, building capacity of local stakeholders and encouraging dialogue with public and private donors.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Media contact:
Alexis Adélé
Communications and External Relations Department
media@afdb.org

About the African Development Bank Group:
The African Development Bank Group (AfDB) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 37 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org