July 25
Malawi: Malawi Economic Monitor Calls for Urgent and Sustained Reforms for Faster and More Inclusive Growth
Malawi's current economic difficulties require a combination of immediate response measures and urgent reforms to address longstanding macroeconomic imbalances including persistent… Read more »
July 22
Ghana: Ghana's Economic Prospects On Track Amid Reforms
The World Bank's 8th Economic Update for Ghana titled Strengthening Domestic Revenue Systems for Fiscal Sustainability notes that despite recent increases in the pace of exchange… Read more »
June 20
Gambia: Transforming the Gambia's Agriculture - From Subsistence to Market-Oriented Farming
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Malawi: Affordable Solar Power Is Increasing Electricity Access for Malawi's Households
The reduced cost of solar electricity has made electricity access affordable even to low-income households. Off-Grid electricity is playing a critical role in rapidly scaling up… Read more »
June 12
Ghana: World Bank Supports Policy Reform of Ghana's Energy Sector and Access to Clean Cooking
The World Bank today approved a $250 million credit from the International Development Association (IDA)* and a $10 million grant from the Energy Sector Management Assistance… Read more »
June 13
Nigeria: Turning the Corner - Nigeria's Ongoing Path of Economic Reforms
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June 06
Guinea Bissau: World Bank Invests in Solar Energy to Expand Access to Electricity in Guinea-Bissau
The World Bank's Board of Executive Directors approved a $35 million grant to enable solar power generation and increase access to electricity in Guinea-Bissau. Read more »
Zambia: Raising Agricultural Productivity and Private Sector Investment Can Help Zambia Achieve Sustained and Inclusive Growth
While Zambia's economy is still recovering from the COVID-19 pandemic and a previous recession, a new Country Economic Monitor (CEM) report shows pathways that can support the… Read more »
June 05
Kenya: Kenya's Economy Exhibited Robust Growth in 2023 Despite Persistent Challenges
Kenya's real GDP growth accelerated to 5.6% in 2023, surpassing the previous year's growth of 4.9%. However, GDP growth in 2024 is expected to slow down to 5.0%. This is according… Read more »
May 15
Mauritania: Promoting Urban Renewal in Mauritania to Build Resilience
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May 06
Namibia: World Bank Loan to Namibia Supports Renewable Energy Integration
--Today marks the approval of Namibia's first ever World Bank financed energy project, aimed at improving the reliability of the country's transmission network and enabling… Read more »
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 »