Tag: World Bank
Remittance costs in Sub-Saharan Africa remain high despite fintech’s effort to slash fees
Sub-Saharan Africa remains the world's most expensive region when it comes to transferring remittances, with an average cost of transferring money of 8.37% in the ... Read More
World Bank highlights Morocco’s efforts to promote climate-resilient agrifood system
The World Bank has highlighted Morocco's efforts to transform the agrifood system into a more climate-resilient, inclusive, and sustainable model that produces safe and healthy ... Read More
Tanzania: Africa Energy Summit plans to expand energy access to 300M Africans by 2030
Preparations are well underway for the African Heads of State Energy Summit that will take place in Tanzania's capital Dar es Salaam on 27-28 January. ... Read More
World Bank approves $250 million to finance resilience of Morocco’s agri-food systems
The World Bank's Board of Directors has approved a program worth $250 to help Morocco increase the resilience of its agri-food system to climate change ... Read More
Africa’s digital development needs boost from AfCFTA, import duties cuts — World Bank
African countries face higher tariffs and tend to import relatively low-quality digital goods compared to other regions, especially in low-income nations, a recent research by ... Read More
World Bank lends Morocco $70 Mln for social protection system
The World Bank has approved $70 million loan for Morocco to enable country continue implementing ambitious social protection reforms seeking to facilitate access to social ... Read More
Egypt’s external debt drops 5% in Q4 FY2023/24 – WB
Egypt's external debt reached a record $168.1 billion in 2023, a 2.9% rise from the previous year and the highest level since 2012, according to ... Read More
World Bank Supports Morocco’s Municipal Solid Waste Management with $250 Mln Funding
The World Bank has approved a $250 million loan to help Morocco improve solid waste management which is facing environmental and financial challenges. Moroccan cities ... Read More
World Bank disburses 1.149 billion FCFA to support victims of floods in the Senegal River Valley
The World Bank is collaborating with Senegal to address severe flooding in the Senegal River Valley, exacerbated by exceptional rainfall and the influence of the ... Read More
World Bank revises downwards growth rate forecasts for Tunisia, Egypt in 2024/2025
The World Bank has revised Tunisia's 2024 economic growth forecast downward to 1.2%, compared to the 2.4% projected in April 2024. In its October 16, ... Read More