30-10-2014 23:52:00 | by: Administrator | hits: 32564641 | Tags:

[Nigeria Business Week] Andrea Ayemoba: 2022 statistics outline Nigeria's economic status quo
13-01-2023 | 12:48:00
Despite all the setbacks plaguing economies the world over, Nigeria’s GDP for 2022 is projected to be north of $500billion, the largest in Africa. All eyes are now turned to what these next 12 months could bring Africa’s largest economy.
World Bank provides $200 million to support accelerated human capital development in Rwanda
05-01-2023 | 09:35:21
This is the final credit in a series of three World Bank development policy financing operations totaling $525 million over three years.
Afreximbank and U.S EXIM sign $500 million deal to boost trade in Africa
21-12-2022 | 09:33:01
The two banks will support trade and economic integration in Africa and across a broad range of trade-enabling sectors, including helping to revive and strengthen the African aviation sector.
World Bank earmarks $15 million for EAC to enhance regional digital integration
21-12-2022 | 09:30:10
The Bank through its Single Digital Market (SDM) initiative aims at supporting the region to become a more deeply integrated and dynamic digital investment, innovation, and growth hub.
Kenya’s economic recovery remains strong, although slowed by drought and inflation, World Bank
09-12-2022 | 07:01:00
This recovery was dampened by global commodity price shocks, the long regional drought, and uncertainty in the run up to the 2022 general elections.
Remittances grow 5 per cent in 2022 despite global headwinds, World Bank report
01-12-2022 | 08:42:10
This is sharply lower than the 10.2% increase in 2021, according to the latest World Bank Migration and Development Brief .
MIGA further supports Kenya roads modernization with new investment
23-11-2022 | 14:11:23
The Multilateral Investment Guarantee Agency of the World Bank Group (MIGA) has guaranteed an equity investment by an additional investor to help upgrade Kenya’s national roads network.
To promote inclusive and sustainable development, Nigeria needs to fix its public finances, World Bank
21-11-2022 | 13:50:00
Macroeconomic and fiscal reforms are urgently needed to lift Nigeria’s development outcomes, which are severely constrained by inefficient use of resources, argues the new Nigeria Public Finance Review report.
World Bank Group appoints Nathan Belete as the new Country Director for Malawi, Tanzania, Zambia and Zimbabwe
10-11-2022 | 09:47:13
Mr. Belete is an Ethiopian national and a development professional with over 25 years of work experience across Africa, East Asia, and South Asia.
IAEA, FAO workshop strengthens food safety network across Africa
05-08-2022 | 09:58:00
Supporting initiatives to enhance food safety across the continent was the focus of an African Food Safety Workshop jointly held by the IAEA, the Food and Agriculture Organization (FAO) of the United Nations and the National Metrology Institute of South Africa (NMISA).
Africa CDC saving lives and livelihoods initiative commences implementation in Kenya
24-07-2022 | 21:16:00
Africa CDC in partnership with the Mastercard Foundation, has commenced the Country implementation of the Saving Lives and Livelihoods initiative in Kenya to accelerate the COVID-19 vaccination.
Mozambique receives US$300 million from the World Bank to promote inclusive and sustainable economic recovery
14-07-2022 | 17:05:00
The World Bank Board of Directors approved today a US$300 million grant in support of the Mozambique Institutions and Economic Transformation Development Policy Financing (DPF) operation.
A more competitive private sector could boost growth and jobs in Namibia, World Bank report
14-07-2022 | 10:41:32
The report, the Namibia Country Private Sector Diagnostic (CPSD) , highlights opportunities for Namibia to attract investment and achieve sustainable private sector-driven growth
A stronger private sector could boost growth and jobs in Botswana, World Bank Group report
06-07-2022 | 11:59:00
Botswana can transform its economy, create jobs, reduce inequality, and achieve a resilient recovery from COVID-19 by increasing private sector participation and investment in its energy, water and sanitation, tourism, and other sectors, according to a new report published today by IFC and the World Bank.
Victoria Kwakwa appointed World Bank Vice President for Eastern and Southern Africa
04-07-2022 | 10:09:41
The World Bank has appointed Victoria Kwakwa as the new World Bank Vice President for Eastern and Southern Africa.
World Bank approves $2.3 billion programme to address escalating food insecurity in Eastern and Southern Africa
01-07-2022 | 14:53:19
The World Bank Group has approved a $2.3 billion program to help countries in Eastern and Southern Africa increase the resilience of the region’s food systems and ability to tackle growing food insecurity.
IFC, ICMA, UNGC, UNEP FI, and ADB announce coalition to support the Blue Economy
29-06-2022 | 08:02:00
IFC, a member of the World Bank Group, together with four of the top international organizations announced their commitment to develop guidelines that would provide the global market consistency and transparency in financing the blue economy.
World Bank approves $250 million for small scale trade in the Great Lakes region
17-06-2022 | 15:49:00
Burundi, the Democratic Republic of Congo (DRC), and neighboring countries within the Great Lakes Region of Eastern Africa are set to benefit from the new Great Lakes Trade Facilitation and Integration Project.
Kenya’s growth expected to slow in 2022 due to ongoing drought and Ukraine crisis, World Bank report
08-06-2022 | 15:19:00
Kenya’s real gross domestic product (GDP) is projected to grow by 5.5 percent in 2022 and 5.2 percent on average in 2023–24. This growth rate, while still strong, will be a moderation following a remarkable recovery in 2021 from the effects of the pandemic.
[East Africa Business Week] Bob Koigi: Region bets on $91.5 million budget to drive economic integration
03-06-2022 | 13:15:00
This week, the East African Community has tabled before the East African Legislative Assembly (EALA) the budget estimates for the 2022/2023 Financial Year totaling $91.5 million.
World Bank Appoints Albert G. Zeufack as the new Country Director for Angola, Burundi, DR Congo and Sao Tome and Principe
01-06-2022 | 10:00:00
Dr. Zeufack will lead the implementation of the World Bank’s program in the four countries, which includes an active portfolio of 84 national projects totaling $8 billion financed by the International Development Association.
IFC, U.N. to support stock exchanges in advancing SDGs and climate efforts
20-05-2022 | 10:26:00
IFC and the United Nations Sustainable Stock Exchanges (UN SSE), announced an expanded partnership to support stock exchanges and companies in emerging markets in addressing sustainability-related issues.
IFC partners with PNGX to deepen Papua New Guinea’s capital market
16-05-2022 | 08:09:00
IFC will work with PNGX Markets Limited to deepen the nation's capital market and boost access to long-term financing for companies in Papua New Guinea.
World Bank approves $400m program to support Morocco’s social protection response and reform
09-05-2022 | 10:07:41
The World Bank approved a $400 million program to support Morocco’ social protection system, as part of the kingdom’s sweeping reforms to strengthen its social safety nets.
Bamboo Capital, Government of Madagascar, World Bank launch $40m energy access fund for Madagascar
09-05-2022 | 10:07:32
Bamboo Capital Partners has been appointed by the Government of Madagascar and the World Bank as the international fund manager for the Off-Grid Market Development Fund, a $40 million renewable energy access fund.
World Bank approves $61.5m from GPE to boost reforms, quality education in Sudan
09-05-2022 | 10:07:28
The World Bank approved an education program supported by a $61.5 million grant from the Global Partnership for Education (GPE) for the Sudan Basic Education Support Project.
World Bank approves $50m grant to improve access to electricity in Sierra Leone
09-05-2022 | 10:06:34
The World Bank approved a $50 million grant from the International Development Association (IDA) to improve access to electricity in Sierra Leone and enhance institutional capacity and commercial management of the sector.
World Bank launches online consultations for its diagnostic paper on Mozambique
09-05-2022 | 10:06:31
Every five years the World Bank takes stock of Mozambique’s development progress and challenges via a Systematic Country Diagnostic (SCD) which informs the institution’s five-year lending and advisory program called Country Partnership Framework.
World Bank approves $150m to support human capital development program in Rwanda
09-05-2022 | 10:06:09
The World Bank approved $150 million in IDA financing for a program of policy and institutional reforms intended to accelerate human capital development for inclusive economic growth in Rwanda.
World Bank approves $100m for Maputo Urban Transformation Project in Mozambique
09-05-2022 | 10:05:58
The World Bank approved a $100 million grant from the International Development Association (IDA) in support of Maputo Urban Transformation Project.
World Bank announces 35% finance target to support countries’ climate action
09-05-2022 | 10:05:56
The World Bank announced an ambitious target for 35% of its financing to have climate co-benefits, on average, over the next five years. It replaces an earlier target of reaching 28% by 2020, which was in place over the last 5 years.
World Bank scales-up funding COMESA programmes
05-05-2022 | 12:37:23
The current portfolio of World Bank supported projects in the COMESA region is close to five billion dollars and set to rise as other programmes are set to come on board.
[Nigeria Business Week] Andrea Ayemoba: Telcos break new ground, digital loans gain momentum
28-04-2022 | 13:22:00
Instant loans, sometimes called digital loans, are gaining speed in the country and the telecom sector took some giant steps forward this week.
World Bank injects GH¢28m into Ghana's SME operations
28-02-2022 | 12:12:58
The World Bank has injected GH¢28 million grants into the operations of 400 small and medium enterprises (SMEs) to support their recovery from the COVID-19 pandemic.
IFC partners with 3B Group of hotels to support growth of Rwanda’s tourism sector
28-02-2022 | 10:05:00
To help strengthen Rwanda's tourism sector and create jobs, IFC announced a partnership with 3B Group of Hotels to support the company's expansion and the upgrading of its existing lodges in the country.
Tanzania, World Bank sign $650m credit pacts for education and land
22-02-2022 | 12:02:00
The government of Tanzania and the World Bank have signed two concessional loan agreements worth $650 million (about Sh1.501 trillion) for the improvement of education and land administration systems.
[Ghana] Government kicks off $103.4m project to restore landscapes, mining sector
16-02-2022 | 11:02:00
The Ghana Landscape Restoration and Small-Scale Mining Project has been launched by the government to strengthen the integration of the country’s natural resource management.
IFC and World Bank to help Nigeria pave the way for domestic carbon storage
11-02-2022 | 07:35:00
IFC and the World Bank have begun to work with the Government of Nigeria to develop a domestic market for carbon capture, utilization, and storage for industrial emissions.
[Tanzania] World Bank approves $150m to aid land systems
28-12-2021 | 11:04:00
The World Bank has approved $150 million in financing to strengthen Tanzania’s land administration system and increase tenure security for at least two million land holders, users and their families.
World Bank approves $570m to address food insecurity, boost resilience of food systems in West Africa
23-11-2021 | 09:21:00
Four million people across West Africa stand to benefit from a new multi-phase regional program that will complement and enhance ongoing efforts to reduce food insecurity and improve the resilience of food systems.
[Nigeria Business Week] Andrea Ayemoba: National GDP for Q3 sees increase, amid growing economic concerns
19-11-2021 | 13:02:00
The Nigerian Minister for labour recently has affirmed that more needed to be done in order for the employment crisis to be mitigated. He did allow that much has been done, but a lot of action still was required if the problem was to be tackled from the roots.
[Nigeria Business Week] Andrea Ayemoba: Nigeria enters green market, takes on AfCFTA implementation
12-11-2021 | 12:40:00
The collaboration of government with industries is crucial for economic progress, be the market large or small. Nigeria knows this and is taking steps to work closely and create better transparency in one of the country’s most robust industries.
[Nigeria Business Week] Andrea Ayemoba: Q3 stats show industries thriving, strong investor confidence
05-11-2021 | 13:23:00
Nigeria earns every week its place as Africa’s largest economy. While subject to the typical ups and downs any market is expected to have, its mere size guarantees a general continuity of business operations even in the face of a spiraling inflation trend.
World Bank commits $150 million to strengthen Kenya’s resilience to climate change
28-10-2021 | 14:57:00
The programme’s development objective is to deliver locally-led climate resilience actions and strengthen county and national governments' capacity to manage climate risks.
World Bank provides $100m to accelerate digital transformation, smart agriculture in Cameroon
01-10-2021 | 09:23:00
The World Bank approved a credit from the International Development Association (IDA) in the amount of $100 million to support Cameroon’s efforts in promoting digital inclusion and the use of digital solutions in the agriculture sector.
La Banque mondiale apporte un appui de 98 millions de dollars au secteur éducatif au Cameroun
23-08-2021 | 09:06:00
Le Groupe de la Banque mondiale (BM) accompagne l’offre de formation de la jeunesse en consentant un financement substantiel d’un montant global de 97,5 millions de dollars au secteur éducatif.
World Bank appoints Firas Raad as new Country Manager for South Sudan
19-08-2021 | 09:47:00
The World Bank Group has appointed Firas Raad as the new Country Manager for South Sudan. He will be leading an expanding country program focused on delivering project financing and analytical services in support of South Sudan’s development priorities.
Partners bolster Africa’s fight against COVID-19 and poverty
04-08-2021 | 09:30:00
The United States and international partners are investing $80 billion in Africa’s private sector to help end the COVID-19 pandemic and spur sustainable growth.
39 African winners of the World Bank Africa Blog4Dev 2021 competition
16-07-2021 | 12:16:00
On behalf of the World Bank’s Africa Regions, World Bank heartily congratulate all of their Blog4Dev winners who are the torchbearers to Africa’s development journey and serve as important voices in their respective countries.
World Bank appoints Clara Ana De Sousa as new Country Director for Mali, Burkina Faso, Chad, and Niger
08-07-2021 | 09:24:00
The World bank has appointed Clara Ana De Sousa, a Mozambican national, as the new Country Director for the Sahel countries including Mali, Burkina Faso, Chad and Niger effective today. She will be based in Bamako, Mali.
World Bank approves $168m financing for solar energy production, rural electrification in Burkina Faso
23-06-2021 | 08:17:00
The World Bank approved financing of $75 million from IDA and $93 million from the Clean Technology Fund via the Sustainable Renewables Risk Mitigation Initiative (SRMI), to help increase access to electricity in rural areas in Burkina Faso.
World Bank partners with African Union to support rapid vaccination for up to 400 million people in Africa
22-06-2021 | 12:41:42
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.
World Bank and IMF launch high-level advisory group on sustainable and inclusive recovery and growth
16-06-2021 | 11:01:55
The World Bank Group and International Monetary Fund launched a High-Level Advisory Group (HLAG) on Sustainable and Inclusive Recovery and Growth to help secure a strong recovery and set a path for green, resilient, and inclusive development over the coming decade.
Uganda secures $200m to accelerate digital transformation and inclusiveness
04-06-2021 | 08:18:00
The World Bank approved $200 million financing to expand access to high-speed and affordable internet, improve efficiency of digitally enabled public service delivery, and strengthen digital inclusion in Uganda.
World Bank steps up support for South Sudan’s institutions and service delivery
19-05-2021 | 12:36:00
A new World Bank Country Engagement Note (CEN) for South Sudan for the period FY21-23 marks a fresh approach to supporting the country and could deliver the largest World Bank program to date over the next year.
[Column[Sammar Essmat: How COVID-19 is pushing MENA companies to embrace flex work
17-05-2021 | 14:37:09
Women in the MENA region have long found it difficult to balance the demands of home, family, and work a major reason why only a quarter of Egyptian women work outside the home.
World Bank approves $100m grant to support MSMEs, foster inclusive growth in Mozambique
14-05-2021 | 08:52:00
The World Bank approved a $100 million grant from the International Development Association (IDA), in support of the Government of Mozambique’s Economic Linkages for Diversification Project, which supports Micro, Small, and Medium Enterprises.
World Bank, Republic of Congo sign agreement to reduce carbon emissions, preserve forests
12-05-2021 | 08:10:00
The Republic of Congo signed an agreement with the World Bank’s Forest Carbon Partnership Facility (FCPF), that will unlock up to $41.8 million for reducing emissions from deforestation and forest degradation and increasing carbon sequestration.
For farmers in Africa to recover from COVID-19 they need to bridge the last mile
07-05-2021 | 08:06:00
The COVID-19 pandemic has had devastating effects on smallholder farmers in Africa. In some countries, supply chain disruptions have made it hard for farmers to get seeds, fertilizers, and services in time for growing seasons.
Southern Africa taps $380m in World Bank financing to facilitate regional trade
28-04-2021 | 08:56:00
The World Bank approved $380 million in financing to support Malawi and Mozambique increase regional trade coordination, reduce trade costs and time, develop regional value chains, and improve access to infrastructure.
The Gambia secures additional funding for COVID-19 vaccines
20-04-2021 | 12:24:04
The World Bank approved $8 million additional financing from the International Development Association (IDA) to provide The Gambia with safe and effective vaccine purchase and deployment.
World Bank approves $500m to support Ethiopia’s universal electricity access by 2025
07-04-2021 | 09:13:00
The World Bank approved a $500 million International Development Association (IDA) credit to support Ethiopia’s goal of achieving universal electricity access by 2025.
MENA economies face rapid accumulation of public debt, strong institutions will be key to recovery, World Bank
06-04-2021 | 10:52:00
The COVID-19 pandemic exacerbated long-standing development challenges in the Middle East and North Africa (MENA) region, contributing to a rise in poverty, a deterioration of public finances, an increase in debt vulnerabilities.
Sub-Saharan Africa poised for recovery amid recession, World Bank
31-03-2021 | 09:26:00
The economic growth in Sub-Saharan Africa is estimated to have contracted by 2.0% in 2020, closer to the lower bound of the forecast in April 2020, and prospects for recovery are strengthening amid actions to contain new waves of the pandemic.
World Bank reaffirms commitment to Sudan’s Family Support Program
19-03-2021 | 14:43:00
The World Bank approved additional financing of $210 million in IDA Pre-arrears Clearance Grant and $210 million in donor contributions for the second phase of the Sudan Family Support Program (SFSP), the Thamarat Program.
World Bank supports access to sustainable, reliable and affordable energy in Liberia
16-03-2021 | 11:11:00
Liberia’s efforts to transform the lives of poor people have received a huge boost with financing approved by the World Bank.
World Bank add funding to the regional Off-Grid electricity access project to promote solar products in Africa
15-03-2021 | 09:18:00
The World Bank’s Board of Executive Directors approved a total of $22.5 million in additional financing in the form of grants from the International Development Association (IDA) and the Clean Technology Fund (CTF) to support the development of the market for stand-alone solar products in Western and Central Africa.
World Bank adds funding to ROGEAP to promote solar products in Western and Central Africa
12-03-2021 | 08:37:58
The World Bank approved a total of $22.5 million in additional financing to the Regional Off-Grid Electricity Access Project (ROGEAP), to support the development of the market for stand-alone solar products in Western and Central Africa.
World Bank, AFD partner to strengthen Tunisia’s disaster resilience capacities
12-03-2021 | 08:29:00
The World Bank approved $50 million in financing to support a disaster and climate resilience project in Tunisia, complemented by French Development Agency (AFD) financing equivalent to $50 million, a total package of $100 million.
World Bank approves $440m to support railway safety and service quality in Egypt
09-03-2021 | 08:54:00
The World Bank approved a $440 million loan to support Egypt’s initiatives to enhance the safety and service quality of the country’s railways.
Mozambique’s economy growth expected to rebound by 2022, World Bank
05-03-2021 | 07:57:00
Mozambique’s economy is expected to gradually recover from 2021 but substantial downside risks remain due to uncertainty surrounding the path of the COVID-19 pandemic.
IFC appoints Makhtar Diop as Managing Director and Executive Vice President
19-02-2021 | 06:00:00
World Bank Group President David Malpass has announced the appointment of Makhtar Diop as Managing Director and Executive Vice President to head the International Finance Corporation (IFC), an arm of the World Bank Group.
World Bank supports COVID-19 vaccine rollout in Africa
15-02-2021 | 12:40:00
The World Bank approved an additional financing of $5 million from the International Development Association (IDA) to provide the small island nation of Cabo Verde with affordable and equitable access to COVID-19 vaccines.
World Bank: Is Morocco’s Budget Deficit ‘Under Control’?
15-02-2021 | 09:40:00
The coronavirus pandemic had a remarkable effect on Morocco’s economy, as with most countries around the world, so how is their economy now?
[Rwanda] 550,000 Rwandans to fall into extreme poverty this year – World Bank
10-02-2021 | 08:41:00
Rwanda’s economy has fallen into its first recession due to the COVID-19 (coronavirus) pandemic and could potentially compromise years of gains in poverty reduction, the World Bank said Monday.
COVID-19 pushes Rwanda into recession, severely impacts human capital
09-02-2021 | 09:59:00
The Rwandan economy has fallen into its first recession due to the COVID-19 (coronavirus) pandemic and could potentially compromise years of gains in poverty reduction.
World Bank approves $500m to improve electricity access in Nigeria
08-02-2021 | 16:29:00
The World Bank approved $500 million to support the government of Nigeria in improving its electricity distribution sector.
Madagascar, World Bank sign agreement to reduce poverty, deforestation and carbon emissions
08-02-2021 | 16:20:00
Madagascar signed an agreement with the World Bank’s Forest Carbon Partnership Facility (FCPF), unlocking up to $50 million for efforts to reduce carbon emissions from deforestation and forest degradation between 2020 and 2024.
Germany contributes €10m to HEPR Program for disease preparedness in developing countries
03-02-2021 | 08:58:22
Germany is contributing €10 million to the HEPR Program to help developing countries respond to the health consequences of COVID-19 and increase investments in health preparedness and emergency response.
World Bank to invest over $5 billion in Africa's drylands
12-01-2021 | 12:26:00
The World Bank plans to invest over $5 billion over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to Djibouti.
Global economy to expand by 4% in 2021, vaccine deployment and investment key to sustaining recovery, World Bank
06-01-2021 | 10:17:00
The global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year.
World Bank, IFC report provides roadmap for stronger private sector-led growth in Egypt
23-12-2020 | 07:46:00
Egypt could unleash economic growth and create more and better jobs by addressing constraints to private sector activity, according to a report published by the World Bank Group.
World Bank grants $60m to strengthen resilience of agricultural sector in Africa
11-12-2020 | 10:39:00
The World Bank approved a $60 million International Development Association (IDA) grant to help African countries strengthen the resilience of their agricultural sectors to the threat posed by climate change.
World Bank provides additional financing for Morocco’s urban transport sector
04-11-2020 | 07:31:00
The World Bank approved $150 million in additional financing for Morocco’s Urban Transport Program, which started in 2015, to strengthen the country’s capacity to offer quality service in public transport.