Tag: Africa development

World Bank approves $55 million funding package for Lesotho
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World Bank approves $55 million funding package for Lesotho

World Bank approves $55 million funding package for Lesotho

Oluwatosin Alao Oluwatosin Alao
Lesotho bridge lifts water exports to South Africa, boosts supply
BusinessTechnology

Lesotho builds mega bridge to boost water exports to South Africa

High in the mountains of Lesotho, a new bridge is set to play a larger role in how water moves across Southern Africa. The Senqu Bridge, recently completed, is part of a wider effort to expand supply to neighboring South Africa, where demand continues to rise.  Water from Lesotho already supports daily life in Johannesburg, the country’s economic hub. About…

Oluwatosin Alao Oluwatosin Alao
World Bank backs Morocco with $500 million to boost jobs, clean energy
BusinessGlobal News

World Bank backs Morocco with $500 million to boost jobs, green growth

The World Bank has approved a $500 million financing package for Morocco, deepening support for job creation and green growth as the country pushes ahead with economic reforms.  The funding comes as officials face rising pressure to address youth unemployment and bring more women into the workforce, while also strengthening Morocco’s position in renewable energy and manufacturing. It reflects a…

Oluwatosin Alao Oluwatosin Alao
Next reform phase targets jobs, smarter spending and stronger social impact
BusinessTechnology

Egypt, World Bank push funding, reforms to drive national growth

Egypt is seeking fresh funding and faster reforms as it works to steady its economy and restore growth, deepening ties with the World Bank at a sensitive time for Africa’s third-largest economy.  The talks in Cairo come as governments across emerging markets contend with higher borrowing costs, tighter global liquidity and pressure to protect vulnerable households. For Egypt, officials say,…

Oluwatosin Alao Oluwatosin Alao
Standard Chartered teaming up with UNICEF to help young women in Kenya and Nigeria
BusinessTechnology

Standard Chartered partners UNICEF to boost women employment

At a Glance Standard Chartered is expanding its focus on inclusive growth in Africa, teaming up with UNICEF to help young women in Kenya and Nigeria move from training into paid work. Through its charitable arm, the Standard Chartered Foundation, the bank said the partnership aims to secure 1,500 decent jobs over the next three years.  The move comes as…

Oluwatosin Alao Oluwatosin Alao