African countries can now breathe a sigh of relief, after China, the largest government creditor to African economies, said it will waive 23 interest-free loans borrowed by 17 African nations.
The…
Non-hydrocarbon sectors in Algeria are expected to recover to pre-pandemic levels in 2022 and trade and budget balances will also show a marked improvement this year, according to the latest edition…
The government of Burkina Faso is inaugurating the Nagréongo photovoltaic solar power plant. With a capacity of 30 MWp, the plant was built under a public-private partnership (PPP) involving the…
The National Water Company of Senegal (SONES) is connecting 13 villages in the rural community of Notto Diobass to the new Keur Momar Sarr drinking water plant (KMS 3). The connection work was…
Newly released figures from the Global Solar Atlas for The World Bank shows that the future is bright for Africa’s solar energy output.
The figures, analysed by Statista, reveal the average…
The World Bank is releasing $250 million in financing for Benin. The funds will support investments in new drinking water supply infrastructure that can serve 3 million people in rural areas.
The…
Faced with the scarcity of rainfall and water resources in Ethiopia, the World Bank is allocating $600 million to climate adaptation for small-scale farmers. The funding will support farmers with the…
The World Bank is warning of the real danger of a massive economic downturn across the world. In a recent analysis it warned that many countries – including those in sub-Saharan Africa – will be…
While petrol-powered motorbike taxis have become the main means of public transport in West Africa, mobility start-up Gozem will deploy a fleet of 6,000 electric motorbikes by 2023. The operation…
Business Insider Africa presents 6 African countries with the highest unemployment rates.
Unemployment is a menace across Africa, and some sources have described it as a global concern.
A common…
UN Climate Change News, 13 May 2022 – Dates have been announced for this year’s Latin America and the Caribbean Climate Week 2022 (LACCW 2022), the UN Climate Change platform for regional…
It’s now 15 years since the African Union gave its blessing to Africa’s Great Green Wall, one of the world’s most ambitious ecological-restoration schemes. The project is intended to combat…
Their exit leaves a void in the retail market for other banks to fill
Africa’s banking industry is seeing the exit of major international banks. British bank Standard Chartered is the latest to…
The Philippines has the potential to install 21 gigawatt of offshore wind power by 2040, equivalent to about a fifth of its electricity supply by then, according to a study released by the Department…
MEMBERS OF THE GLOBAL ALLIANCE FOR A GREEN DEAL URGE IMF TO TAKE UP PROPOSALS FIRST MADE BY THE PRIME MINISTER OF BARBADOS, MIA MOTTLEY, AT COP26
Members of the Global Alliance for a Green New Deal…
A new World Bank report has estimated that the collapse of select ecosystem services provided by nature could result in a decline in global GDP of $2.7 trillion annually by 2030.
The recent 2021 World Bank Group/International Monetary Fund spring meetings took place during challenging times. The COVID-19 pandemic has caused loss of life and exacerbated global poverty and…
The World Bank has come under fire by a leading European NGO over some of its loans and grants. In a recently issued report, the German group, Urgewald, lambasted the international financial…
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