The IMF’s April 2025 Regional Economic Outlook for Sub-Saharan Africa presents a clear warning: regional growth is slowing, debt pressures are mounting, and donor assistance is declining. Yet the report outlines critical opportunities particularly in domestic revenue mobilization, structural reform, and private sector activation that can shape a more resilient …
Addis Ababa, Ethiopia — Strengthening Climate and Disaster Resilience in Africa for Sustainable Development: Role of Weather, Water and Climate Services The African Development Bank Group (AfDB), collaborating with other partners, is undertaking preparatory arrangements for the AMCOMET - Africa Hydromet Forum, which is scheduled to take place at the …
The World Bank in partnership with the Energy Sector Management Assistance Program (ESMAP) and the KTH Royal Institute of Technology, have launched an electricity access tool to track more households without electricity connections. Explaining how the Electrification Pathways application works, the Bank stated that the tool considers a variety of …
Insurance is an underused way to help save lives in natural disasters and soften their impact on the poorest countries - and it needs to be better understood by governments and aid groups, said insurers, aid experts and government ministers on Thursday. About 1.5 million people have died in natural …
The board of executive directors of the International Finance Corporation (IFC) has approved an investment of $635 million that will help construct, operate and maintain up to 11 solar power plants in Egypt. Part of Egypt's landmark solar Feed-In Tariff (FIT) programme, the $730 million project in Benban near Aswan, …
FREETOWN - The World Bank Country Director for Sierra Leone, Parminder Brar Wednesday pledged 10 million U.S. dollars to support the implementation of the new land policy project in Sierra Leone. Brar made the above disclosure at the commencement of a two-day National Land Conference organized at the Miatta Conference …
BUJUMBURA - The Burundian senate Wednesday passed a bill on the ratification of an agreement between Burundi and the World Bank's International Development Association to boost the country's farming sector. The bill will provides the financial agreement worth 75 million U.S. dollars to support farmers and farmers' associations doing their …
Renewable energy will form a core thrust of India’s INDCs, and also of the India specific country strategies of the World Bank and the Asian Development Bank. Speaking with the Department of Economic Affairs, Ministry of Finance, India, the author was informed of significant scale-up in the activities of both …
EZULWINI – The Southern African region has identified challenges that are hindering the implementation of energy projects in the region and has come up with recommendations to tackle these energy barriers. Statistics have revealed that access to electricity in some SADC member states is below 20 percent and approximately 190 …
Kampala — Ugandan farmers face various challenges, including lack of information to guide them on what to grow, where to grow and also access market for their produce. However, this will change following the launch of the World Bank funded Agriculture Cluster Development Project (ACDP). The project seeks to, among …
The G20 nations provide four times more public financing to fossil fuels than to renewable energy, a report has revealed ahead of their summit in Hamburg, where Angela Merkel has said climate change will be at the heart of the agenda. The authors of the report accuse the G20 of …
THE World Bank has disbursed $115 million for the construction of a dam in Chisamba and the implementation of irrigation schemes in selected areas. The Ministry of Agriculture under the Irrigation Development Support Programme (IDSP) has since signed four contracts and the implementation of the projects has started to increase …
Washington - The World Bank has approved supplemental financing of US$16.36 million for the Third Poverty Reduction Support Development Policy Operation (PRSDPO-lll) for Liberia. This operation will help respond quickly to the country’s urgent needs generated by the twin shocks of the Ebola and the sustained slump in global commodity …
The Akwa Ibom Government says the World Bank has earmarked the sum of N32 billion to tackling flood in the state. The state's Commissioner for Environment and Mineral Resources, Dr Iniobong Essien, who disclosed to newsmen on Sunday in Uyo, said that the project would be executed in partnership with …
Pakistan claimed on Monday that China has offered to make a dam project on the Indus River that India objects to, a part of the China-Pakistan Economic Corridor (CPEC)+ , said the state-run Radio Pakistan. The information about the project, the Diamer-Bhasha Dam, was conveyed by Pakistan's state-run power utility …
The government is working on a scheme to promote energy efficient homes by offering cheaper loans and lower registration fee for green residential units as it ramps up efforts to mitigate climate change by moving towards a net zero-energy building regime. Government sources said the proposal is part of ongoing …
NAIROBI, June 13 (Thomson Reuters Foundation) - With a record-breaking 26.5 million people going hungry in the Horn of Africa, development banks are increasing their humanitarian funding to fill a gap left by traditional donors, a high-level mission said on Tuesday. Food rations for 7.8 million Ethiopians are due to …
Pallisa — In a bid to address the prevailing water crisis in Pallisa Town Council and its environs, the World Bank (WB) has earmarked Shs10b for the construction of Kasodo water pump station. The district vice chairperson, Mr Patrick Oduchu, said the money donated through the government of Uganda, will …
A new World Bank report released recently has called for increased private sector investment in Africa’s under-developed electricity transmission infrastructure. Africa lags the rest of the world when it comes to electricity, with just 35 percent of the population with access to power and a generation capacity of only 100 …
A new World Bank report has called for increased private sector investment in Africa’s under-developed electricity transmission infrastructure, a vital ingredient for reaching Africa’s energy goals. The report which was made available to the Ghana News Agency on Thursday by the World Bank indicated that Africa lags behind the rest …
The World Bank approved today a $150 million International Development Association credit for Transport Sector Improvement Project (TSIP) in Ghana. It will help improve regional connectivity in the Northern Region involving rehabilitation of road links from Tamale to Yendi and Tatale on the Eastern border with Togo, and about 200km …
