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Djibouti May Be Small, but It Has Big Energy Plans
At the second-lowest place on Earth, 155 meters below sea level, giant structures have sprouted from the arid ground. The 85-meter-tall turbines catch the winds that blow almost constantly through the northern end of the Great Rift Valley, spinning their 64-meter-long blades and sending electricity coursing toward Djibouti City, the country’s capital.
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After Deadly Earthquake, MIGA Helps Türkiye Build Resilience for Future Disasters
Earthquakes shake Türkiye thousands of times a year. Most are minor, but occasionally one is devastating, like the quake that struck in February, wreaking death and destruction across the country’s southern region and neighboring Syria and causing nearly 60,000 fatalities. Unfortunately, there will be more such deadly episodes.
Beyond COVID-19: Keeping Bogotá Healthy for Years to Come
Bogotá, the capital and largest city of Colombia, was the first place in the country to experience major outbreaks of COVID-19. Government officials in the capital district quickly realized the magnitude of the financial impact heading their way. They projected a potential $1.
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MIGA Celebrates 35 Years and 1,000 Projects
Last month brought an impressive accomplishment for the Multilateral Investment Guarantee Agency – it issued a guarantee on its 1,000th project. It wasn’t a particularly flashy transaction. In fact, it was rather low-key by international finance standards. But it was exactly the type of critical support MIGA has been providing since its founding 35 years ago this month.
Changing Minds about Working in the Most Difficult Situations
MIGA is partnering with a solar power innovator and an investment firm in a groundbreaking business arrangement that will support Somalia’s re-electrification.
Accelerating the Push to Electrify Africa
It’s well understood that energy is critical to development, health, and welfare in emerging markets. That became even clearer during the global rollout of COVID-19 vaccines that began in 2021. Most of these vaccines require cold storage, yet only 28 percent of health care facilities in Sub-Saharan Africa had the reliable electricity needed to power it.
Helping African Hotels Rebuild and Preserve Jobs amid the Pandemic
Few industries have been hit harder by the COVID-19 pandemic than hospitality. Hotels in Sub-Saharan Africa suffered more than most as many nations closed borders, blocking the international visitors that sustain the industry there. MIGA guarantees are helping Kasada preserve jobs in hotels that are being remodeled to improve energy efficiency.
