First Independent Mena Newspaper
Cyclone-hit Malawi will need 290 billion Malawian kwacha (more than $ 381 million) for reconstruction work, according to a post-disaster needs assessment conducted by the government. According to Everton Chimulirenji, Vice-President of the Republic of Malawi, also in charge of disaster risk management, the government is committed to improve resilience to such events, to improve […]
The World Bank announced Thursday the launch of a new program worth $500 million (4.77 billion dirhams) destined to support Moroccan authorities in the generalization of access to pre-school education, strengthening the skills and competencies of teachers and upgrading the governance of the education sector. The World Bank’s “Education Sector Support Program for Morocco” to […]
The World Bank’s Board of Directors has approved $200 million in funding for the establishment of a Renewable Energy Guarantees Program (REGREP) in Ethiopia. These funds, to be disbursed by the International Development Association (IDA), will help the authorities in Addis Ababa to reform their regulatory framework and gear it up for private investment and […]
The World Bank unveiled a new plan Thursday to help African countries strengthen their human capital, setting ambitious targets to be achieved in the region by 2023. The objective of the plan is to enable Africa’s young people to grow up with optimal health and equipped with the right skills to compete in the digitizing […]
The World Bank will soon launch a new program aimed at fast-tracking offshore wind energy in Africa and other developing countries, the Washington-based group said. According to Riccardo Puliti, senior director and head of energy and extractives at the World Bank, the International Finance Corporation (IFC) will join the group in helping emerging markets assess […]
The World Bank Group’s Board of Executive Directors has approved a new Country Partnership Framework (CPF) with Morocco, which will guide the financial and technical assistance program over the next six years, as well as a $700 million project to promote the country’s digital technology. According to the WB, the North African Kingdom is at […]
Tanzania’s President’s office last weekend said India’s Bharti Airtel has agreed to give part of its stake in Airtel Tanzania to the government. If confirmed, Tanzania government’s holding in the mobile phone operator will rise to 49 percent from 40 percent. According to local media, the announcement followed talks in Dar es Salaam between President […]
Morocco has been classified among developing countries that notably improved their renewable energies sector and policies since 2010. This came in the recently published World Bank report of the 2018 Regulatory Indicators for Sustainable Energy (RISE) that listed 133 countries’ renewable energies improvements. Morocco got a score of 74, according to the report of RISE, […]
A new World Bank report forecasts growth in the Middle East and North Africa (MENA) to reach 2.8% by 2020, but calls for a regional push toward a new digital economy that would generate higher levels of growth. Growth in the MENA region is projected to rebound to an average of 2% in 2018, up […]
Morocco and the World Bank started Monday in Rabat discussions on a set of issues, on top of which preschool education and the consolidated social register that will identify families deserving to benefit from social assistance programs. The discussions are held during the visit World Bank Vice President for the Middle East and North Africa […]