World Bank to release $57 billion for projects in Sub-Saharan Africa
The World Bank this week pledged to commit a record $57 billion to finance projects in sub-Saharan Africa. According to the head of the Washington-based […]
World Bank
Zambia: World Bank Forecasts 4 PC Economic Growth in 2017
Zambia’s economy will grow by 4 pc in 2017 and 4.2 pc in 2018, the World Bank said on Monday. Africa’s second copper producer “is […]
Less than 1% of Naira Notes are Fake – Nigeria’s Reserve Bank
The Central Bank of Nigeria (CBN) on Tuesday said less than one percent of the west-African nation’s local currency in circulation is fake. The reserve […]
DRC to Produce 1.5 Million Tons of Copper in 2018
The Democratic Republic of Congo will mine about 1.5 million tons of copper in 2018, the industry-led Chamber’s vice-president said on Wednesday. Simon Tuma-Waku, who […]
Tanzania Seeks $305 million WB Loan to Expand Dar es Salaam port
Tanzania’s government is seeking a $305 million soft loan from the World Bank to expand its main port in Dar es Salaam in the next […]
Zimbabwe Misses 2016 Revenue Target
Zimbabwe’s tax agency ZIMRA on Thursday said it missed the 2016 revenue target by 4 percent as weak global commodity prices hit mineral royalties in […]
Kenya’s Growth to score 5.9% in 2016, World Bank
Kenya’s economy is expected to grow by 5.9 percent in 2016, the World Bank said in a report released on Monday. According to the World […]
Angola Must Combat Money Laundering, CB Governor
Governor of Angola’s central bank, Valter Filipe da Silva, said Angola needs to fight money laundering and financing terrorism by focusing on ethics and morality […]
West-Africa: WB, France Ink Agreement to Strengthen Climate Resilience
The World Bank and the French government on Friday inked an agreement providing for supporting West African countries in strengthening the resilience of their coastal […]
Zimbabwe: $10bn Compensation for Evicted White Farmers Considered
Zimbabwe’s Finance Minister on Friday said the government plans to compensate white farmers for land seized and has begun evaluating the properties. Farmers may be […]