Nigeria’s economy recovers after Tinubu’s reforms
Nigeria’s economy is stabilising under Tinubu’s reforms, but poverty and high living costs still affect millions.
Nigeria’s economy recovers after Tinubu’s reforms Read More »
World Bank
Nigeria’s growth steadies, but food inflation bites – World Bank
Nigeria’s economy is steadier after reforms, but food inflation keeps squeezing households, the World Bank warns
Nigeria’s growth steadies, but food inflation bites – World Bank Read More »
World Bank grants Ethiopia $1B for reforms
World Bank officials in Addis Ababa have not yet issued a comment detailing the facility’s terms or sectoral breakdown
World Bank grants Ethiopia $1B for reforms Read More »
South Africa gets $1.5B loan to boost infrastructure, economy
The World Bank loan aims to ease South Africa’s infrastructure bottlenecks and help create jobs while tackling economic challenges.
South Africa gets $1.5B loan to boost infrastructure, economy Read More »
World Bank approves $350M grant for Malawi hydropower project
The project is set to provide electricity to over 1 million new households and create thousands of jobs, significantly contributing to the country’s development
World Bank approves $350M grant for Malawi hydropower project Read More »
Nigeria repays $3.4B COVID-19 emergency loan to IMF
According to Nigeria’s Debt Management Office, the country spent $4.66 billion on foreign debt servicing last year, with $1.63 billion allocated to the IMF
Nigeria repays $3.4B COVID-19 emergency loan to IMF Read More »
Saudi Arabia, Qatar settle Syria’s $15M debt
Syria expressed gratitude as Saudi Arabia and Qatar cleared its World Bank debt, paving the way for institutional rebuilding and development aid.
Saudi Arabia, Qatar settle Syria’s $15M debt Read More »
World Bank invests $100M in Africa’s digital data growth
The IFC’s largest digital infrastructure investment in Africa reflects growing global interest in the continent’s digital economy
World Bank invests $100M in Africa’s digital data growth Read More »
World Bank approves $1.08B loan for Nigeria’s development
Initially a COVID-19 response, the funds now aid Nigeria’s post-2023 economic challenges
World Bank approves $1.08B loan for Nigeria’s development Read More »
US delays $2.6B climate funds for South Africa
According to the report, U.S. officials recently blocked the Climate Investment Funds (CIF), a World Bank-linked initiative, from approving an initial $500 million disbursement to South Africa
US delays $2.6B climate funds for South Africa Read More »