WORLD BANK Archives - Gambeta News

LIBERIA GOVT. SECURED US$300M FROM WORLD BANK FOR DAM CONSTRUCTION

Posted on March 27, 2024 by Gambeta News

The Liberia Electricity Corporation (LEC) says the Government of Liberia has acquired a commitment of US$300m from the World Bank to construct a dam in Bong County. During a recent high-power delegation’s visit to Bong County, LEC Corporate Communication Manager Mr. Philip Farley said that the people are excited and have welcomed the dam construction in their area. Mr. Farley described the acquisition of the World Bank commitment as a great step in achieving the…

EEU ANNOUNCED REHABILITATION PROJECT WORTH US$100M BACKED BY WORLD BANK

Posted on October 9, 2023 by Gambeta News

The Ethiopian Electric Utility (EEU) announced that it is finalizing preliminary actions to commence the network distribution rehabilitation project in Addis Ababa and other ten towns at a cost of 100 million USD backed by the World Bank. Speaking to the Ethiopian Press Agency (EPA), EEU Distribution Rehabilitation Program Head Gosaye T/Wold said that the initial works are being done to embark on the construction of the network rehabilitation and upgrading project in the coming…

LIBERIA SIGN DEAL WITH WORLD BANK FOR 60MW RENEWABLE ENERGY

Posted on February 2, 2023 by Gambeta News

Liberia has signed a financing agreement with the International Development Association for the production of an additional 60MW of renewable energy geared toward further solving the country’s energy crisis. The project is an initiative of the World Bank under the Regional Emergency Solar Power Intervention Project (RESPITE). It is a US$311 regional program supported by the World Bank to scale up electricity access to millions of existing and prospective consumers in Chad, Liberia, Sierra Leone,…

FLOOD CONTROL INFRASTRUCTURE: WHY AFRICA NEEDS TO INVEST

Posted on October 25, 2022 by Gambeta News

The world today is experiencing devastating weather events that are leaving our infrastructure, facilities, and humanity vulnerable. We see stormwater overwhelming drainage facilities. Aging buildings are also giving way in heavy storms. As you know, many of the facilities and infrastructure that serve us today were designed and constructed many years ago. So, we believe that many of the facilities have served up their service lives. Thus, it is about time to start planning for…

WORLD BANK APPROVES $150 MILLION TO IMPROVE INCOMES AND BUILD RESILIENCE IN NORTHERN MOZAMBIQUE

Posted on June 22, 2021 by Gambeta News

WASHINGTON, June 18, 2021 —In order to improve incomes and build social and economic resilience of local communities in selected rural areas of Northern Mozambique, the World Bank approved today a $150 million credit from the International Development Association (IDA)* in support of the Government of Mozambique’s Northern Mozambique Rural Resilience Project. “This operation complements our efforts aimed at supporting Mozambique to address some of the key drivers of fragility in rural communities in Northern…

WORLD BANK TO IMPROVE CONNECTIVITY AND DEVELOP DIGITAL ECONOMY IN TOGO

Posted on June 17, 2021 by Gambeta News

WASHINGTON, May 21, 2021– The World Bank has approved additional financing of $11 million from the International Development Association (IDA)* to improve connectivity in Togo and develop the country’s digital economy. The additional financing for the West Africa Regional Communications Infrastructure Program (WARCIP) will strengthen the contribution to major projects launched in Togo to expand geographical coverage of broadband networks and reduce the costs of communications services. It will also facilitate the construction of the…

APPLICATIONS NOW OPEN FOR THE ‘WORLD BANK YOUTH SUMMIT COMPETITION’

Posted on March 10, 2021 by Gambeta News

Applications to the Pitch Competition now open! Deadline for submission: March 31, 2021 (11:59 pm EST) Submit your proposal here. The global nature of the COVID-19 pandemic calls for a coordinated effort toward recovery. The pandemic has resulted in the creation of not only a health crisis but also an economic one of a scale unprecedented in the recent years. How can we unleash the unique opportunities we have today to not only boost a sustainable economic recovery but also, ensure that…

WEBINAR: EAST ASIA-AFRICA POLICY DIALOGUE

Posted on January 21, 2021 by Gambeta News

While containment of the global Covid-19 pandemic remains an uppermost priority for countries around the world, policymakers are simultaneously pursuing ways to actively promote economic recovery and a transition to a new normal. In these efforts, Governments are exploring opportunities to strengthen intra-regional and interregional economic ties; and to share important lessons for achieving greater development progress. Alongside these public sector efforts, multi-national companies, investors and private sector actors are equally interested in finding ways…

OUR FUTURE RESILIENCE DEPENDS ON SMART INFRASTRUCTURE INVESTMENT TODAY

Posted on January 20, 2021 by Gambeta News

The COVID-19 pandemic has exposed critical weaknesses in today’s infrastructure systems that have cost thousands of lives and failed to shield millions more. The destructive force of climate change, visible in more frequent and severe natural disasters, highlights the urgency to better protect our communities against catastrophic losses while drastically reducing carbon emissions. The right kind of infrastructure is crucial to help mitigate shocks like climate change and pandemics, and is also an important source…

IFC OPERATIONS ANALYST – TOGO

Posted on January 13, 2021January 13, 2021 by Gambeta News

Description IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2020, we invested $22 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For…

ROADS AS AN ENABLER FOR FOOD SECURITY IN ETHIOPIA

Posted on January 6, 2021January 6, 2021 by Gambeta News

Food security goes beyond ensuring a steady supply. Dependable logistics are key components necessary to move food—and production inputs—from one place to another. In Ethiopia, a landlocked country of 110 million people with 85 percent of its population engaged in agriculture, timely access to agricultural inputs is vital. The East African nation imported more than 1.4 million tons of fertilizers last year. With no direct access to the sea, Ethiopia is forced to rely on…

INFRASTRUCTURE IS A CRITICAL PILLAR OF AFRICA’S COVID-19 RECOVERY

Posted on January 6, 2021January 6, 2021 by Gambeta News

Africa remains the least connected continent and only 10 of 45 tracked African countries meet the affordability standard for internet, as recommended by the United Nations Broadband Commission. It will, therefore, be crucial for governments, the private sector, and other partners to work together to build digital infrastructure, advance digital skills development, and cultivate tech talent to bring the benefits of digital technology to millions more people across Africa. Urbanization is also transforming the continent….

DAR-ISAKA RAILWAY CONSTRUCTION AT FINAL STAGE IN TANZANIA

Posted on October 12, 2020 by Gambeta News

The construction of Dar es Salaam- Isaka railway is at it final stage according to the nation Minister for Works, Transport and Communications, Engineer Isack Kamwelwe. Speaking during the commissioning of one locomotive among the seven locomotives that are being repaired at Morogoro’s state-of-the-art workshop, he noted that the project was being undertaken in two phases. According to him, the first phase will be from Dar es Salaam to Morogoro (283 kilometres) which has been…

KENYA SECURE US$746.8MILLION FOR ISIOLO-MANDERA ROAD UPGRADE

Posted on September 10, 2020 by Gambeta News

Kenya Government has secure a loan worth US$746.8m(Sh81billion) from the World Bank for the upgrading of Isiolo-Mandera road. The 750-kilometre Isiolo-Mandera road is aimed at improving the movement of people and goods, digital connectivity and access to social services for over 3.2 million people living in the North-Eastern region where the Isiolo-Mandera Regional Road Corridor traverses. Speaking to the media, Kenya’s World Bank Country Director Keith Hansen said “The World Bank will finance the upgrading…

UNLOCKING THE POTENTIAL OF WOMEN’S BUSINESSES IN AFRICA

Posted on September 3, 2020 by Gambeta News

Africa is the only region in which women are more likely than men to be entrepreneurs. Yet, women earn 34% less in profits than men on average. Learn how closing the gender earnings gap can lead to more innovation, higher productivity, & new jobs DOWNLOAD THE WORLD BANK REPORT

HOW COVID-19 IS UNIQUELY THREATENING WOMEN AND GIRLS

Posted on September 3, 2020 by Gambeta News

On the latest edition of The Development Podcast, hosts Paul Blake and Raka Banerjee explore the gender dynamics at play during the COVID-19 pandemic with the World Bank’s Global Director for Gender, Caren Grown. LISTEN HERE

BUILDING ROADS FOR PEOPLE, NOT FOR CARS

Posted on July 1, 2020 by Gambeta News

As in many other developing countries, Tanzania’s rural residents depend heavily on low-volume roads to reach jobs, services, markets, and go about their daily lives. The transport network was conceived primarily to accommodate cars and truck when, ironically, most road users in these areas do not own a vehicle. As a result, the design of rural roads often neglects important day-to-day users, such as girls and boys walking to school, patients trying to get to…

YOUNG PROFESSIONALS PROGRAM (WBG YPP)

Posted on June 15, 2020June 15, 2020 by Gambeta News

The World Bank and IFC have merged their respective Young Professionals Programs into one World Bank Group Young Professionals Program (WBG YPP). The new program is now accepting applications on behalf of three institutions (the World Bank, IFC and MIGA). Building on the rich legacy of its predecessor programs, the WBG YPP will recruit and develop future leaders to collaborate effectively across our institutions on joint WBG solutions to development challenges. Young Professionals are recruited from around the world,…

EDUCATION INFRASTRUCTURE: WHY IT MATTERS

Posted on April 17, 2020 by Gambeta News

Education as we know is the focal point for development during every individual life. It is one fundamental aspect that should never be ignored by government of EVERY nation. SO WHAT IS EDUCATION INFRASTRUCTURE? Education infrastructure are crucial elements of learning environments in schools and university. High-quality infrastructure enable a better learning facility which improves student outcomes, and reduces dropout rates, among other benefit. With this in mind, it is important that investment on education…

WORLD BANK SUPPORTING RWANDA DEGRADED WETLANDS

Posted on March 10, 2020 by Gambeta News

Rwanda secure funds from World Bank for degraded wetlands improvement. World Bank will help restore degraded wetlands of Rwanda state capital Kigali. This state was made public by the Rwanda Environment Management Authority (REMA). According to REMA, the fund from World Bank will help restore Gikondo Industrial Zone which has increasingly been vacated by manufacturing plants. Speaking to the media, Engr. Coletha Ruhamya, REMA director-general said the new wetlands use a master plan that will…

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