World Bank

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27 08 2022 | 07:00

China waives interest-free loans for 17 African countries

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…

17 08 2022 | 17:23

Algeria’s hydrocarbon sector to support growth in 2022

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…

17 08 2022 | 17:13

BURKINA FASO: The Nagréongo solar power plant is commissioned as a PPP project

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…

17 08 2022 | 16:48

SENEGAL: The KMS3 drinking water plant now serves 13 additional villages

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…

28 07 2022 | 20:42

Africa solar energy output on the up and up

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…

19 07 2022 | 13:09

BENIN: The World Bank supports access to water in rural areas with $250 million

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…

12 07 2022 | 07:27

ETHIOPIA: $600 million for climate adaptation for small-scale farmers

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…

12 07 2022 | 07:12

Global Carbon Pricing Generates Record $84 Billion in Revenue

Global carbon pricing revenues increased by 60% over past year, according to latest World Bank report

05 07 2022 | 08:47

Kenya and South Africa offer insights into digital economy challenges and alternatives

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…

05 07 2022 | 08:15

BENIN/TOGO: IFC lends $10m to Gozem for the deployment of 6,000 electric motorbikes

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…

07 06 2022 | 21:28

MOZAMBIQUE: AfDB Supports Mphanda Nkuwa Mega Hydroelectric Project

The African Development Bank (AfDB) is supporting the implementation of the Mphanda Nkuwa mega hydroelectric project in western Mozambique.

01 06 2022 | 17:31

These 6 countries have the highest unemployment rates in Africa

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…

14 05 2022 | 07:00

LAC Climate Week 2022 Heads to Santo Domingo in July

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…

13 05 2022 | 00:06

How to make Africa’s ‘Great Green Wall’ a success

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…

01 05 2022 | 14:50

Major European banks are quitting Africa

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…

22 04 2022 | 14:47

Philippines has potential for 21GW wind power by 2040 -World Bank

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…

18 04 2022 | 15:16

Global Alliance of politicians call for $500 billion a year to avert climate disaster


06 07 2021 | 14:00

World Bank: Protecting nature could avert global economic losses of $2.7 Trillion per year

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.

26 05 2021 | 08:57

5 Ways the World Bank’s Climate Action Plan Could Go Further.

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…

22 10 2020 | 08:51

World Bank Called Out for Continued Investments in Fossil Fuels.

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…