Djibouti to launch digital currency
The Central Bank of Djibouti will soon launch its digital currency, the state-run television (RTD) announced. The Bank’s Governor, Ahmed Osman Ali, said the project […]
World Bank
Senegal gets $17 million from EU to improve rural electrification
The European Union (EU) has released about $17 million to Senegal to accelerate the electrification of rural areas in the country. About 150 villages and […]
Côte d’Ivoire gets support from WB to develop secondary cities
The World Bank group has approved about $120 million to finance the Urban Development and Competitiveness of Secondary Cities (PIDUCAS) Infrastructure Project in Côte d’Ivoire. […]
Africa’s economy to grow by 3.4 % in 2017 – Report
Africa’s economy will grow by 3.4 percent in 2017, and 4.3 percent in 2018. The modest recovery from the worst performance in more than two […]
Botswana: World Bank backs $ 145.5 mln water projects
The World Bank has approved $145.5 million loan to Botswana for water projects in the southern African nation, Kenneth Matambo, Minister of Finance, said. According […]
Nigeria to fund budget deficit with foreign loans, Eurobonds
Nigeria will raise $3.5 billion in foreign loans including from international lenders and debt markets to fund the West African nation’s 2017 budget deficit, Reuters […]
World Bank trims Sub-Saharan Africa growth projection
The World Bank cut its growth projection for sub-Saharan Africa this year after a tumultuous period in 2016. According to the bank, Sub-Saharan Africa is […]
Nigeria: Buhari slims his schedule for further treatment
Nigeria’s president Muhammadu Buhari has reduced his working hours since he returned from medical leave, Voice of America reported. According to the US media, the […]
Egypt: WB disburses $1 billion in financial assistance
The World Bank has allocated $1 billion in financial assistance to Egypt as the North African seeks to revive its ailing economy hit by the […]
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 […]