World Bank making plans to invest in Ghana Cocoa industry.
Cocoa is Ghana chief agricultural export and cash crop. This is why the World Bank is investing fund to help shore up production of the crop over the next five years.
The project which is under the Cocoa Sector Value … Read More
World Bank announce Pierre Frank Laporte as new country director for Ghana, Liberia and Sierra leone.
Pierre Frank Laporte is the new country director for Ghana, Liberia and Sierra leone. According to the release, Pierre Frank Laporte who is from Seychelles, will be based in the World Bank’s Accra Office. … Read More
Africa’s Young President negotiates lower oil prices in Madagascar.
President Andry Rajoelina discusses with oil industry representatives to lower the market price of petroleum products. These discussion border around the need for a more affordable price that will be favourable for the economy. The Malagasy household depend on petroleum products … Read More
Kenya Government request US$750million from World Bank for infrastructural developments
Kenya Government has ask for fund from the world bank for development of different infrastructure. The fund will be use to provide affordable housing, agriculture and other projects. The request is worth US$750million.
The request is the first time in … Read More
Remittances from Nigerian Diasporas hits US$24 billion in 2018
Remittances from diasporas of Africa’s most populated country – Nigeria in 2018 reached US$24.3 billion. This is the highest figure across Sub-Saharan Africa and it is also US$2 billion higher than the inflows in 2017.
World Bank’s latest Migration and Development … Read More
Ghana receives grants from World Bank for its tourism sector development.
World Bank has approved US$40m for Ghana’s tourism sector. This grant will help improve Ghana’s tourism sector as well as make it attractive to the entire globe.
The grant will be for improving the facilities of various tourists sites … Read More
Nachtigal Hydropower Plant in Cameroon will help limit climate change.
On the 31st of January 2019, the World Bank Group via World Bank Africa tweeted; that it supports the construction of the Nachtigal Hydropower plant in Cameroon.
Derivatives from the tweet suggests that; the 420 mega watts (MW) Nachtigal Hydropower … Read More
The Construction of Namutumba Health Centre III in Uganda have begun. The project which is worth Shs500m is part of the World bank’s plan to grow the Ugandan health sector.
The Namutumba Health Centre III will have a maternity ward, children, … Read More
Egypt to unveil world’s largest solar park/farm this year.
By mid this year 2019, Egypt expects to unveil its Benban solar park; which covers a 37.2 km2 (14.4 sq mi) area and will produce more than 4TWh of power once fully operational. The park consists of 41 power plants/stations … Read More
Chad to get US$125 million developmental support from World Bank
To help support developmental projects in the Chad; World Bank have announced a US$125 million support for the Central African country.
Acoording the the Bank, the support will two frameworks. The signatories for the support agreement were Chadian minister of … Read More
World Bank outlines US$2.1 billion concessionary loan for Key projects in Nigeria.
The World Bank have approved a US$2.1bn project support loan for Nigeria. The loan is for the support of seven(7) key projects in the country. The projects includes nutrition, access to electricity, fiscal transparency of states, eradication of … Read More
Kenya government and world bank joint funds to build a road authority office complex in the state capital.
The complex which is worth US $30m is a joint funding by the Kenya government and World Bank and is currently been developed by Chinese firm-Aviation Industry Corporation of China (AVIC).
The … Read More
Second phase of Kenya’s Last Mile Connectivity Project (LMCP) begins.
Kenya’s utility company, Kenya Power, have signed 23 contracts for the implementation of the government initiative termed Last Mile Connectivity Project (LMCP), which aims to connect the entire country to the national electricity grid.
The project which is already in … Read More
Lagos Chamber of Commerce and Industry (LCCI) commends female entrepreneurs for their resilience in tax compliance.
Dr. Mrs Nike Akande, President, Lagos Chamber of Commerce and Industry, during the Chamber’s Women Group’s third annual conference themed, “Women as change agents: Towards tax compliant society,” commended female entrepreneurs for their irrepressible … Read More
World bank give loan of US $155m to WAEMU for its housing development.
West Africa economic and monetary union (WAEMU) has gotten an assistance from the world bank to help improve its housing. The west Africa regions include Benin, Burkina, Cote d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo is expected … Read More