World Bank
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BUSINESS
World Bank Warns of Stalling Recovery as Inflation Set to Climb Across Sub-Saharan Africa
Sub-Saharan Africa’s economic recovery is losing momentum, with the World Bank projecting growth will hold at 4.1 percent in 2026,…
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News
Google and World Bank Launch Alliance to Build AI-Powered Public Infrastructure in Emerging Markets
Google and the World Bank Group have announced a strategic alliance to accelerate the creation of public digital infrastructure in…
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News
GSMA, ITU and World Bank partner to boost handset affordability
The GSMA, World Bank, and other global institutions have announced a new coalition to improve handset affordability for lower-income populations.…
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News
World Bank awards 10 Southern African fintech startups $5,000 each
10 Southern African fintech startups have each received $5,000 (R94,020) from the World Bank to help bridge the gap in…
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News
Kenya receives $390m from World Bank to accelerate digital economy
The World Bank has approved a $390 million grant for Kenya’s Digital Economy Acceleration Project. This is the first phase…
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News
World Bank and PFG To Provide $30 million for Fintechs in Emerging Markets
The World Bank, through its global development institution the International Finance Corporation(IFC) and US-Based fund manager Partners for Growth (PFG)…
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New Appointments
World Bank Appoints Keith Hansen New Country Director for Kenya
The World Bank has appointed Keith Hansen as the new Country Director for Kenya, Rwanda, Somalia, and Uganda effective September…
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Startups
World Bank allocates US$200 Million to support SMEs in Egypt
The World Bank has approved the allocation of $200 million to support SMEs in Egypt. The fund will focus on…
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News
Kenya to hosts U.S. pension fund managers to spur infrastructure investments
The Kenya Pension Fund Investment Consortium (KEPFIC) will host 30 representatives of major U.S. pension and asset management funds from…
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News
Korea Invests $9 Million to Support Development of Science and Technology Skills Across Sub-Saharan Africa
The International Centre of Insect Physiology and Ecology (ICIPE) has signed an initial US$ 3.8 million grant agreement with the…
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COLUMNS
Explaining the High Cost of Remittance to African Countries
The World Bank recently released a study report with findings that the cost of remitting cash to African nations is…
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New Appointments
World Bank Appoints Mr. Felipe Jaramillo New Country Director for Kenya
Mr. Felipe Jaramillo has been appointed as the new World Bank Country Director for Eritrea, Kenya, Rwanda and Uganda, effective…
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New Appointments
Hafez Ghanem Takes Over as World Bank’s Vice President for Africa
The World Bank has appointed Hafez Ghanem as the new World Bank Vice President for Africa, effective July 1. A development…
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News
World Bank Injects Ksh.5 Billion To Support Kenyan SMEs
In a major development, the World Bank has today announced that it has injected Ksh. 5 billion to support Kenya’s Small…
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BUSINESS
World Bank Approves Ksh.18 billion to Support Kenya’s Energy Sector
The World Bank has today approved Ksh.18 billion to support the energy sector in Kenya. The loan guarantee will be…
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News
Digital transformation of Service Economy can drive growth across Middle East and Africa says World Bank
Investment into digital transformation in the major Cities of the Middle East and North Africa region can unlock huge potential…
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News
Four African Economies among Most Improved in Removing Legal Barriers Against Women – World Bank
Despite daunting challenges, several economies in Sub-Saharan Africa are making progress in enacting laws that promote equality between men and…
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BUSINESS
Report: Kenya Makes Significant Progress in Sustainable-Finance Reforms.
Kenya is one of 34 countries that have introduced banking reforms to expand sustainable lending, making emerging markets a major force…
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News
African business leaders to focus on scientific progress in partnership with the World Bank
Dr Álvaro Sobrinho, the prominent African businessman and Chairman of the Planet Earth Institute NGO , led the first meeting…
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Startups
World Bank launches crowdfunding support for Kenyan clean-tech startups
The World Bank’s Kenya Climate Innovation Centre (KCIC) has launched the first ever crowdfunding mentorship programme for entrepreneurs in East…
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