Tag: Ajay Banga

World Bank
BusinessMining

World Bank backs Africa’s push to process more minerals at home

The World Bank plans to mobilise $19 billion for minerals, backing African countries seeking to expand local processing, manufacturing and mining jobs.

Oluwatosin Alao Oluwatosin Alao
World Bank
BusinessGlobal News

World Bank plans debt relief deals to ease pressure on African economies

The World Bank is preparing 15 debt refinancing deals to cut borrowing costs and free up funds for African schools, healthcare and infrastructure.

Oluwatosin Alao Oluwatosin Alao
World Bank President Ajay Banga and Senegalese President Bassirou Diomaye Faye
BusinessGlobal News

World Bank’s Banga pushes G20 to fast-track Senegal’s debt restructuring

Senegal is seeking a faster G20 debt restructuring as World Bank President Ajay Banga backs President Faye’s push to reorganize its debt.

Oluwatosin Alao Oluwatosin Alao
World Bank funding for Egypt Housing plan to hit $1 billion by 2026
BusinessHot News

World Bank expands Egypt affordable housing fund to $1 billion

Egypt is expanding its push to provide affordable housing, backed by deeper support from the World Bank Group. The lender is increasing its total financing for the government’s “Housing for All Egyptians” program to $1 billion, reinforcing a project that has helped reshape the country’s mortgage market over the past decade.  The additional funding comes as demand for low-cost housing…

Oluwatosin Alao Oluwatosin Alao