Tag Archives: World Bank

Dakar, Senegal | Xinhua | The World Bank has granted Senegal 91 billion CFA francs (about 151.4 million U.S. dollars) in financing to implement a project to accelerate the country’s digital economy. The financing agreement was signed Thursday in Dakar, the capital of Senegal, by Mamadou Moustapha Ba, minister of finance …

Addis Ababa, Ethiopia | Xinhua | The World Bank has vowed to step up its support to African countries with a special focus on their long-term development agendas, a senior official of the bank has said. “We need to continue to support areas of long-term development agendas in Africa with a special …

If the Bank fails to listen to the demands of developing countries, the West will lose them COMMENT | Ana Palacio | Major changes are afoot at the World Bank, but few people seem to be paying attention. Beyond devising a new, greener mission, the Bank is undergoing a leadership transition, with …

Ajay Banga will partner with African Development Bank for transformative results Kampala, Uganda | THE INDEPENDENT | World Bank president nominee, Ajay Banga, pledges to partner with African Development Bank for transformative results U.S. nominee for World Bank Group President, Ajay Banga began his global tour on March 06 with his …

Kampala, Uganda | THE INDEPENDENT | The Newly appointed World Bank President Ajaypal (Ajay) Singh Banga has unveiled plans to visit Africa among other regions soon to acquaint himself with the issues surrounding borrowers and partners. Banga is poised to become the next World Bank President later this year, amidst mixed …

Kampala, Uganda | THE INDEPENDENT | The Committee on National Economy has expressed displeasure with Kampala Capital City Authority (KCCA)’s utilization of the US$175 World Bank loan saying the quality of works does not correlate with the value of money. MPs on the committee said that despite the funding, the works especially …

Lusaka, Zambia | Xinhua | The Zambian government on Monday refuted a Western media report that it does not support China’s call for the World Bank and other multilateral lenders to join Zambia’s debt restructuring process. Zambian Minister of Finance and National Planning Situmbeko Musokotwane said that contrary to the Financial …

Nairobi, Kenya | Xinhua | The World Bank on Tuesday forecasted the sub-Saharan Africa (SSA) economy to slow to 3.6 percent in 2023 and rise to 3.9 percent in 2024. According to the World Bank’s latest Global Economic Prospects report, the growth was revised down for almost 60 percent of countries, …

Dar es salaam, Tanzania | Xinhua | The World Bank has earmarked about 15 million U.S. dollars to accelerate regional digital integration efforts across the East African Community (EAC), the EAC said in a statement on Saturday. The statement, issued by the EAC headquarters in Tanzania’s northern city of Arusha, said the …

Mogadishu, Somalia | Xinhua | The World Bank said it has approved a 70 million U.S. dollar International Development Association (IDA) grant to develop resilient water, agriculture, and environmental services for rural communities in Somalia’s drylands. The Somalia Water for Rural Resilience Project, known as “Barwaaqo” and builds on the Biyoole project, …