US congress to okay $525 million deal with Côte d’Ivoire
The United States’ sponsored program, the Millennium Challenge Corporation (MCC), on Thursday submitted to the US Congress “for examination and consideration,” a budget proposal for […]
World Bank
Mugabe donates $1mln Check to AU
Zimbabwe president Robert Mugabe on Monday handed over a check of $1 million to the African Union, part of efforts to help push the regional […]
Benin secures WB loan to ease power crisis
The World Bank has granted a loan of $ 60 million (34.6 billion CFA francs) to Benin to improve the energy performance in the west-African […]
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 […]
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 […]