Tag: World Bank

World Bank donates Togo laboratory equipment worth $1.6m

January 13, 2024

Togo took delivery Thursday January 11 of laboratory equipment valued at $1.6 million, donated by the World Bank to bolster performance of 18 district hospitals. ... Read More

World Bank helps Gabon finance digital transformation project with $68.5m loan

January 4, 2024

Gabon has secured a credit facility of $68.5 million to finance “Projet Digital Gabon”, a digital transformation project aiming at creating an environment conducive to ... Read More

Africa fueled with optimism with prospect of US interest rate cut in 2024

January 2, 2024

Emerging and frontier markets in Africa now have a reason for cautious optimism in 2024 following a recent announcement by The Federal Reserve (Fed) signaling ... Read More

Africa faces looming ‘debt crisis’ and ‘lost decade’, warns World Bank

December 19, 2023

Developing countries are on a "path to debt crisis" and another "lost decade", World Bank warns in its latest annual publication, unless African and other ... Read More

World Bank resumes cooperation with Gabon after military coup

December 13, 2023

The World Bank has resumed cooperation with Gabon several months after freezing all financing projects in the central African country in a reaction to the ... Read More

World Bank, Mauritania ink soft loan agreements worth $85m to finance multiple projects

December 12, 2023

Mauritania and World Bank signed Monday in Nouakchott two soft loan agreements worth $85 million for the financing of two projects. The first deal is ... Read More

AU chief calls for ‘positive competition’ from Europe in bid to counter China’s growing clout

November 25, 2023

As African leaders converged on Germany’s capital earlier this week to attend the G20 ‘Compact for Africa’ meeting, the African Union (AU) chief called for ... Read More

Moroccan central bank invests in World Bank green bond

October 10, 2023

Morocco’s central bank purchased 200 million euros of sustainable bonds from the World Bank as Morocco hosts the annual meetings of the IMF and the ... Read More

Sub-Saharan Africa faces ‘lost decade’, its growth weighed down by continent’s heavyweights — World Bank

October 5, 2023

Economic growth in Sub-Saharan Africa is expected to decelerate this year by slumps in economic powerhouses South Africa, Nigeria and Angola, the World Bank has ... Read More

AfCFTA to boost remittances by making cross-border transactions cheaper

September 29, 2023

The African Continental Free Trade Area (AfCFTA) has potential to increase cross-border remittances by migrants, according to a new report by World Bank, even as ... Read More