Tag: World Bank

World Bank
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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
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World Bank backs Ghana’s agriculture sector with $52.4 million financing package

World Bank’s IFC backs Ghana agriculture with $52.4 million to expand cocoa financing, farmer access to capital, inputs and markets.

Feyisayo Ajayi Feyisayo Ajayi
World Bank President Ajay Banga and Senegalese President Bassirou Diomaye Faye
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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
Rwanda secures $80 million to expand financing for small businesses
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Rwanda secures $80 million to expand financing for small businesses

Rwanda has secured $80 million in concessional financing to expand affordable credit for MSMEs and strengthen private-sector resilience.

Oluwatosin Alao Oluwatosin Alao
Kenya set to receive $400 million in emergency World Bank funds ,
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Kenya set to receive $400 million in emergency World Bank funds

Kenya is set to access about $400 million in emergency World Bank financing as Ebola, El Niño and high energy costs pressure the economy.

Oluwatosin Alao Oluwatosin Alao
Mozambique starts Topuito Industrial Park to boost local SMEs
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Mozambique starts Topuito Industrial Park to boost SME opportunities

Mozambique has begun work on the Topuito Industrial Park, creating new opportunities for SMEs to supply the mining and wider economy.

Oluwatosin Alao Oluwatosin Alao
World Bank
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World Bank Group plans $35 million investment in Morocco distressed asset recovery facility

World Bank Group's private sector arm, IFC plans a $35 million investment in Morocco’s distressed asset market, targeting non-performing loans and real estate assets.

Feyisayo Ajayi Feyisayo Ajayi
World Bank
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World Bank unlocks $144 million for Kenya’s SMEs in its first Africa risk-sharing program

World Bank’s IFC unlocks $144 million for Kenya SMEs, boosting lending via risk-sharing deals with banks and fintech partners.

Feyisayo Ajayi Feyisayo Ajayi
World-Bank
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World Bank approves $1.5 billion for South Africa’s infrastructure push

South Africa has secured a $1.5 billion World Bank loan to speed up reforms across its electricity, transport, water and sanitation sectors, strengthening infrastructure that the government says could support nearly 600,000 jobs by 2032 and help lift economic growth. The financing, provided through the International Bank for Reconstruction and Development (IBRD), marks the fourth stand-alone operation approved for South…

Timilehin Adejumobi Timilehin Adejumobi
Infinity Power
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Africa’s largest solar mini-grid firm WeLight plans $650 million expansion   

WeLight solar mini-grid expansion targets $650 million to scale rural power access across Africa’s off-grid communities.

Timilehin Adejumobi Timilehin Adejumobi
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
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World Bank prepares $750 million loan to support Kenya’s fiscal reforms

The World Bank prepares a $750 million budget support loan for Kenya to ease debt pressures and drive fiscal reforms.

Omokolade Ajayi Omokolade Ajayi