The World Bank has announced the approval of three major financing operations worth a total of $1.08 billion to support key sectors in Nigeria, including education, nutrition, and economic resilience. …
WORLD BANK
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DevelopmentEconomyEducationGOVERNMENT
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BusinessEconomyINVESTMENTTechnology
World Bank backs Africa digital data push with $100 million Raxio deal
The World Bank’s private investment arm is making a major push into Africa’s digital economy with a $100 million investment in regional data centre developer and operator Raxio Group. This …
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AgricultureDevelopmentHealthcare
Livestock productivity project to establish 20 veterinary hospitals with $500 million funding to improve animal healthcare
The Livestock Productivity and Resilience Support Project (L-PRES) is set to establish and equip 20 model veterinary hospitals across Nigeria’s geopolitical zones with $500 million in funding to improve the …
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BusinessEconomyFinance & ServicesGOVERNMENTNigeria
$500m W’Bank Loan: LCCI charges FG on fiscal discipline, transparency
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona, has called for transparency and efficiency in the disbursement of the World Bank’s newly approved $500 …
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EconomyEnergyFinance & ServicesGOVERNMENTInfrastructureNigeriaWestern Africa
Nigeria Secures $500 Million World Bank Loan to Boost Economic Resilience
In a bid to tackle pressing economic challenges, Nigeria has secured a $500 million loan from the World Bank to support its Community Action for Resilience and Economic Stimulus Program. …
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AfricaAFRICA NEWSNAMIBIASouthern Africa
World and development banks assist Namibia with procurement reforms
by Editorby EditorThe ministry of Finance and Public Enterprises says experts from the World Bank and the African Development Bank are assisting Namibia in establishing reforms to its procurement system, using the …
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AFRICA NEWSBanking, Finance & Investment
World bank to lend Zambia $210m as country targets to double CDF to K56m per year
by Editorby EditorWorld bank to lend Zambia $210 million as country targets to double CDF to K56m per year. The World bank under the Zambia Devolution Support Project will fund the Zambia …
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Banking, Finance & InvestmentEconomyEnergySouth AfricaSouthern Africa
South Africa’s growth rate would expand if it moves away from coal
South Africa could achieve higher economic growth if it moves away from coal and adopts renewable energy sources, a report by the World Bank shows. The Country Climate and Development …
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Banking, Finance & InvestmentBusinessNigeriaWestern Africa
World Bank Partners with IMF to assess Nigeria’s debt sustainability
The President of the World Bank Group, David Malpass, has said that the bank will work with the International Monetary Fund to assess Nigeria’s debt sustainability. Malpass said this during …
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Banking, Finance & InvestmentNigeriaSouthern Africa
World Bank intensifies efforts to advance the fight against corruption sanctions 35 firms
The World bank in its bid to intensify efforts to advance the fight against corruption in its development projects has sanctioned 35 firms and individuals in 2022 This is according …