The World Bank has blamed poor institutional capacity at the state level for the weak performance of Nigeria’s $700 million Sustainable Urban and Rural Water Supply, Sanitation and Hygiene (WASH) …
WORLD BANK
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DevelopmentGOVERNMENTHealthcareInfrastructureNigeriaPolicies
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AfricaDevelopmentEconomyPoliticsUGANDA
World Bank Resumes Funding to Uganda Nearly Two Years After Anti-LGBT Law Fallout
The World Bank has announced the resumption of funding to Uganda, nearly two years after suspending new financing to the country due to the enactment of the controversial Anti-Homosexuality Act …
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DevelopmentEnergyManufacturingNigeria
Meter Manufacturers Reject Chinese Contracts, Urge FG to Back Local Industry
The Association of Meter Manufacturers of Nigeria (AMMON) has raised strong objections to the continued award of meter supply contracts to Chinese companies, despite Nigeria’s robust local production capacity. In …
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Banking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesGOVERNMENTKenyaKenyan News
World Bank Cuts Kenya’s 2025 Growth Forecast to 4.5% Over Debt, Lending Rates and Private Sector Struggles
The World Bank has revised its economic growth forecast for Kenya down to 4.5% for 2025, cutting half a percentage point from its earlier projection. The global lender cited rising …
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DevelopmentEconomyGOVERNMENTInnovationNigeriaWestern Africa
ECOWAS, World Bank Hold Workshop in Abuja to Improve Internet Access Across West Africa
The Economic Community of West African States (ECOWAS), in partnership with the World Bank-funded West Africa Regional Digital Integration Project (WARDIP), has started a two-day technical workshop aimed at improving …
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EconomyEnergyGOVERNMENTInternational RelationsNigeriaPoliciesWestern Africa
Nigeria Records Fastest Economic Growth in 10 Years, Says World Bank, But Inflation Still a Big Problem
The World Bank has revealed that Nigeria’s economy grew at its fastest rate in almost 10 years in 2024, driven by strong performance in the fourth quarter and better management …
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BusinessEconomyFinance & ServicesGOVERNMENTPolicies
Private Sector Urges FG to Inject Stimulus to Tackle Rising Poverty
The Organised Private Sector of Nigeria (OPSN) has called on the Federal Government to urgently introduce targeted economic stimulus packages to prevent the poverty rate from rising to 56 per …
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AfricaDevelopmentEconomyGOVERNMENTInternational Relations
Senator Jimoh Ibrahim Urges World Bank, IMF to Prioritise Data for Africa’s Growth
The senator representing Ondo South and Chairman of Global Fleet Group, Jimoh Ibrahim, has stressed the need for Africa to embrace data-driven development to boost its economy and governance. Speaking …
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BusinessDevelopmentEconomyInternational Relations
ICYMI: World Bank appointment: I’m honoured, says Dangote
Africa’s richest man and President of Dangote Group, Aliko Dangote, has expressed happiness over his recent appointment into the World Bank’s Private Sector Investment Lab. This group was created to …
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Banking, Finance & InvestmentDevelopmentEconomyEducationFinance & Services
FG seeks fresh $10.50m W’Bank loan
Nigeria has approached the World Bank for a fresh $10.50 million loan to strengthen the Central Bank of Nigeria’s technical capacity and modernise the country’s domestic payment system. The move …