World Bank

Key points World Bank has cautioned Kenya against ending the Kenya Power and Lighting Company’s (KPLC) monopoly as the government considers allowing private energy producers to sell power directly to …

KEY POINTS Egyptian Finance Minister Ahmed Kouchouk emphasizes optimism for productive talks with the IMF during upcoming consultations on economic reforms. Kouchouk engages with global finance leaders at G20 and …

World Bank approves $1.5 billion financing for Ethiopia to support economic reforms and debt restructuring.

Zambia receives a $208 million grant from the World Bank to combat a devastating drought threatening food security for millions. The grant will provide emergency cash assistance and strengthen social …

World Bank’s $138.5 million loan supports Namibia in becoming a renewable energy hub, enhancing its grid with solar and wind projects.

ECOWAS and the World Bank join forces in the West Africa Food System Resilience Programme to safeguard food security and fortify agricultural resilience across the region amidst challenges like floods …

Nigeria is in talks with the World Bank to secure up to $1.5 billion of budget support to help ease a severe dollar shortage that has contributed to the naira’s …

Somalia has achieved a landmark debt cancellation deal with international lenders, paving the way for the war-torn nation to access financial markets and attract investment after decades of economic stagnation. …

Nairobi, Kenya – In a recent report, the World Bank has issued a stark warning to Kenya, stating that the country could face a substantial economic setback if it does …

Uganda is facing a potential loss of vital funding from the World Bank over its harsh anti-LGBTQ law, which has drawn international criticism and condemnation. The law, which President Yoweri …