April 10
Malawi: Unlocking Malawi's Trade Barriers Through One-Stop Border Posts
The Dedza border post, situated between Malawi and Mozambique, is a busy place. On average, more than 80 trucks are cleared daily, carrying shop merchandise from South Africa to… Read more »
April 03
Ethiopia: Energizing Ethiopia - New World Bank Program Expands Access to Electricity
A new World Bank program is set to strengthen and expand the electricity network, improve sector financial viability, and enable renewable energy generation through private sector… Read more »
Africa: Upscaling Transformative Agricultural Technologies in Sub-Saharan Africa
In the heart of sub-Saharan Africa, amidst the fields of the International Institute of Tropical Agriculture (IITA) in Nigeria, I bore witness to something truly remarkable: the… Read more »
March 28
Tanzania: New World Bank Financing to Boost Safety and Efficiency of Tanzania's Key Railway Line
vital railway segment linking Tanzania's capital, Dar es Salaam, to Isaka is set for major improvements benefitting nearly 900,000 people thanks to newly approved financing from… Read more »
March 26
Africa: World Bank Group Statement On Debt Restructuring Agreement for Zambia
The World Bank today released the following statement on Zambia: Read more »
March 12
Ethiopia: Investing in and Empowering Young Destitute Mothers - Ethiopia's Urban Safety Nets
Ethiopia's Urban Productive Safety Net and Jobs Project (UPSNJP) targets society's most vulnerable members to enable them to become productive citizens. Read more »
March 08
Africa: Advancing Climate-Smart Agriculture Technologies in Africa
The World Bank Board of Directors today approved an additional $40 million in IDA* grants to the Accelerating Impacts of CGIAR** Climate Research for Africa project (AICCRA), a… Read more »
January 23
Ghana: World Bank to Provide $300 Million to Ghana to Strengthen Macroeconomic Stability and Support Resilient Economic Growth
The World Bank today approved a $300 million Development Policy Operation for Ghana. The First Resilient Recovery Development Policy Financing is a critical contribution by the… Read more »
January 10
Burundi: World Bank Provides Continued Support for Energy Access in Burundi
Although Burundi's economic growth is steadily improving, efforts risks stalling due to lack of access to electricity which affects households,industries, and commercial premises.… Read more »
January 18
Africa: World Bank Group Statement On Debt Restructuring Agreement for Ghana
The World Bank Group today released the following statement: Read more »
December 20, 2023
Kenya: Kenya's Economic Performance Strengthened in 2023 Despite Continued Challenges
Kenya's economic performance strengthened in 2023 despite continued challenges, with real GDP growth accelerating from 4.8% in 2022 to an estimated 5% in 2023. This is according to… Read more »
December 19, 2023
Tanzania: Urgent Reforms Needed to Enable Strong Private Sector-Led Inclusive Growth
DAR ES SALAAM, December 19, 2023-Over the past two decades, Tanzania has exhibited robust economic growth, surpassing many developing countries, even weathering the COVID-19… Read more »
December 13, 2023
Africa: IMF and World Bank Announce $4.5 Billion in Debt Relief for Somalia
The Executive Boards of the International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have approved the Heavily Indebted Poor Countries… Read more »
Malawi: Malawi Country Economic Memorandum Calls for Significant Policy Reforms to Achieve Higher Rates of Growth
Malawi's per capita economic growth has been insufficient to reduce high and stubborn rates of poverty, according to the latest World Bank Country Economic Memorandum (CEM). The… Read more »
Zimbabwe: Continued Reforms to Boost Macro-Economic Stability in Zimbabwe
Economic growth is projected to slow to 3.5 percent in 2024, a decrease from 4.5 percent in 2023, as agricultural output is expected to suffer from depressed global growth and the… Read more »
December 12, 2023
Kenya: Kenya Taps World Bank Support to Create Up to 45,000 New Job Opportunities and Enhance Access to Markets for Small Businesses
The World Bank has approved the Kenya Jobs and Economic Transformation Project (KJET) to benefit at least 45,000 Kenyans, including at least 6,800 women through new or improved job… Read more »
December 07, 2023
Benin: Benin Can Create Opportunities for a Just Energy Transition and Green Inclusive Growth - World Bank Report
While high growth over the past decade has helped Benin reduce poverty, the country's development gains are threatened by the impact of climate shocks, according to the new Country… Read more »
December 05, 2023
Africa: 40 Million People in Djibouti and Ethiopia to Reap Gains From Expansion of Digital Economy
Communities in Djibouti and Ethiopia, including borderland areas, refugees and host communities, will benefit from enhanced connectivity as part of a World Bank-backed initiative… Read more »
December 04, 2023
Madagascar: Madagascar Receives $8.8 Million for Forest Carbon Credits That Will Further Protect the Remaining Forests and Communities
Madagascar received $8.8 million for carbon credits from reducing 1.76 million tons of carbon emissions in 2020, becoming the third country in Africa (after Mozambique and Ghana)… Read more »
December 03, 2023
Rwanda: A Strong Commitment to Human Capital Is an Investment in Rwanda's Future
"It brings me joy to be considered and compensated by the government, just like other teachers," says Angelique Ayinkamiye, a nursery teacher in Kigali, Rwanda. Read more »
November 22, 2023
South Africa: Raising South Africa's Economic Prospects By Curbing Crime
The impact of crime on South Africa's economic prospects is high and broad-based, according to a World Bank report released today. The report aims to contribute to a better… Read more »
November 20, 2023
Africa: World Bank Approves a $60 Million Grant to Avert Acute Shortages of Critical and Lifesaving Commodities
Commercial Banks in Malawi will now have access to an imports backstopping facility through a $60 million grant from the International Development Association* (IDA) approved by… Read more »
October 25, 2023
South Africa: World Bank's U.S.$1 Billion Loan to Help Tackle Power Crisis
The World Bank Board supports the Government of South Africa's efforts to promote long-term energy security and a low carbon transition with a $1 billion Development Policy Loan… Read more »
October 05, 2023
Africa: To Avert a 'Lost Decade', Africa Must Urgently Achieve Stability, Increase Growth, and Create Jobs
Sub-Saharan Africa’s economic outlook remains bleak amid an elusive growth recovery. According to the latest World Bank Africa’s Pulse report, rising instability,… Read more »
April 05, 2023
Africa: Continent's Growth Remains Low - World Bank
Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent's largest economies, high inflation, and… Read more »