Congo powers ahead: World Bank commits $1bn to Inga III hydropower revival
The Democratic Republic of Congo (DRC) has secured a $1 billion commitment from the World Bank to jumpstart the long-stalled Grand Inga hydropower project, potentially […]
World Bank
Nigeria: In 2025, L-PRES Plans to Vaccinate 1.4 Million Animals
In order to improve disease prevention and advance public and animal health, the Livestock Productivity and Resilience Support Project (L-PRES) is planning to vaccinate 1.4 […]
Nigeria Secures $200 Million Deal to Power Rural Areas with Renewable Energy
Nigeria has signed on March 10 a $200 million agreement with WeLight, a pan-African Distributed Renewable Energy (DRE) company, to deploy hundreds of renewable mini-grids […]
Nigeria’s Economy Sees Strongest Growth in Three Years in Q4 2024
Nigeria’s economy experienced its fastest growth in three years during the fourth quarter of 2024, with a year-on-year increase of 3.84%. This marked a significant […]
Nigeria’s Inflation Rate Drops Following Major Statistical Overhaul
Nigeria’s annual inflation rate dropped significantly to 24.48% in January 2025, following the rebasing and updating of the country’s price index for the first time […]
World Bank Report Highlights Ghana’s Vulnerability to Global Economic Shocks
A recent World Bank report has warned that Ghana remains highly vulnerable to global economic shocks, largely due to its reliance on oil-driven growth and […]
Botswana faces surge in gender-based violence despite new laws
Despite efforts by Botswana’s authorities to tackle gender-based violence, nearly 100 women were raped and 10 were murdered in December last year, 2024, officials have […]
World Bank to mobilize record $100 billion for world’s poorest Nations
The World Bank (WB) announced on Friday, December 6, in Seoul that it will mobilize an unprecedented $100 billion over the next three years to […]
World Bank unveils Egypt’s 2024-2025 external debt repayment plan
On October 24, the World Bank has outlined Egypt’s external debt repayment obligations for the current fiscal year, totaling $60.8 billion scheduled between July 2024 […]
World Bank will Focus on job creation and agricultural development in Africa
The World Bank (WB) and International Monetary Fund (IMF) kicked off their annual meetings on Monday, October 21, in Washington. These week-long sessions provide an […]