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Cameroon: World Bank allocates $200 million to support development policies

The International Development Association (IDA), a subsidiary of the World Bank which offers concessional loans and grants to the world’s poorest developing countries, has signed an agreement with the government of Cameroon, to provide a loan of $200 million (about 117, 744 billion FCFA) to the central African nation. The agreement is part of the […]

Tanzania: WB releases $4.5 million for drinking water supply to 165 villages

The World Bank has awarded a $4.5 million grant to Tanzania to build drinking water supply networks using solar off-grid systems in rural areas. Only 50 percent of Tanzania’s population of 53 million have access to an improved source of safe water, and only 34 percent of Tanzania’s population has access to improved sanitation. Under […]

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Tanzania: World Bank lifts aid embargo, approves new loan

The World Bank has approved a $450 million loan to Tanzania, the bank said on Friday. The move comes a year after the Bretton-wood institution sanctioned the East African nation because of concern over government policies including a law that made it illegal to question official statistics and expelling pregnant girls from public schools. The […]

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Botswana announces massive investments in renewable energy

The government of Botswana has recently reached an agreement with the World Bank to develop a national strategic plan for the development of renewable energy in the southern African nation. The announcement was made by President Mokgweetsi Masisi last weekend in capital city Gaborone. The government would make massive investments in solar energy in order […]

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Guinea gets $106 million to develop off grid projects

In Guinea, the World Bank and the French Development Agency (AFD) will support electrification projects in the capital city Conakry, and develop off grid in more remote areas. The World Bank and AFD have lent $50 million and $56 million respectively to the West African nation to rehabilitate and extend the electricity transmission network. The […]

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AfDB, World Bank commit more funds for renewable energies in Africa

The African Development Bank (AfDB) will soon launch ‘Green Baseload’ Facility to provide concessional finance to support reliable and affordable renewable energy, the bank’s president Akinwumi A. Adesina said. Speaking at the One Planet Summit in Nairobi, Adesina said that the Bank would commit at least US$25 billion towards climate finance. In his words, the […]

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World Bank Injects $50 Million to Improve Southern Africa Agriculture Productivity

Efforts to improve agriculture productivity in Southern Africa got a boost following the World Bank Board approval this week of a $50 million project to increase the availability of agricultural technologies in Angola and Lesotho. According to a WB press release, this will be done under the ongoing World Bank financed Agriculture Productivity Program for […]

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Senegal to build sustainable digital economy with World Bank support

The World Bank Board of Directors has approved a $180 million International Development Association (IDA) credit to support Senegal’s efforts to enhance the policy and institutional framework of the energy and the Information and Communication Technologies (ICT) sectors and to build a sustainable digital economy. The multi-sectoral structural reform Development Policy Financing (DPF) operation has […]

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Nigeria: Less than 2 percent GDP growth in 2018 – World Bank

Nigeria’s economy is expected to post less than 2 percent growth this year. The growth is largely driven by the non-oil industry and service sectors, the World Bank said on Wednesday. Nigeria’s emergence from recession last year remains sluggish, and sectoral growth patterns are unstable. In the second quarter of 2018, the oil sector contracted […]

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World Bank Supports Efforts to Upgrade Djibouti Slums

The World Bank Friday approved an International Development Association (IDA) package of $20 million to support Djibouti’s efforts to improve the living conditions for residents of urban areas, achieve its Zero Slum strategy. Funded with a US$20 million from IDA, the World Bank’s fund for the poorest countries, combining credit and grant, the Integrated Slum […]

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