Tag: World Bank

Aissatou Diallo, World Bank Sierra Leone Country Manager
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World Bank names Aissatou Diallo as Sierra Leone Country Manager  

Aissatou Diallo becomes World Bank Country Manager for Sierra Leone, overseeing a $1.2 billion portfolio.

Timilehin Adejumobi Timilehin Adejumobi
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
WeLight solar mini-grids
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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
The World Bank
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World Bank to unlock $750 million Kenya lifeline, boost Africa growth

World Bank Kenya $750 million lifeline boosts Kenya’s economy with budget support, reforms, and climate resilience funding.

Timilehin Adejumobi Timilehin Adejumobi
Morocco's phosphate boom
BusinessGlobal News

Morocco’s phosphate boom helps shield economy from global slowdown

Morocco's phosphate sector helps offset rising energy costs as OCP expands production amid a global slowdown.

Oluwatosin Alao Oluwatosin Alao
FG cancels $717.7 million World Bank power sector loan
BusinessTechnology

FG cancels $717.7 million World Bank power sector loan

The Federal Government of Nigeria has cancelled $717.7 million in undisbursed financing tied to a World Bank-backed electricity reform programme. The funds were part of a broader intervention designed to stabilise Nigeria’s power sector and reduce long-standing financial pressure on public finances.  The decision was taken jointly with the World Bank after both sides agreed to discontinue the remaining portion…

Oluwatosin Alao Oluwatosin Alao
Eskom transmission lines carrying electricity across South Africa’s power grid.
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South Africa’s Eskom explores World Bank backing for multibillion-dollar nuclear build

Eskom explores World Bank support for a multibillion-dollar nuclear project aiming to add up to 5,200 megawatts to South Africa’s power grid.

Omokolade Ajayi Omokolade Ajayi