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A dispatch and reflection from the 2026 World Bank Spring Meetings Last week in Washington, the streets were crowded with global finance leaders, heads of state, business owners, civil society actors, and media gathered to discuss the current state of the global economy. The numbers that framed the week were sobering. OECD data confirmed a […]
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The World Bank and the Rockefeller Foundation have pledged tens of millions of dollars to speed up Africa’s solar transition, betting that the continent is on the cusp of a clean-energy breakthrough. Although Africa boasts vast solar potential, solar power still accounts for just 2% of electricity generation—far below the global average. That gap is […]
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The World Bank has reportedly approved a $2.5 billion loan for Nigeria. This news arrives a few weeks after the Minister for Finance, Mr. Wale Edun, revealed Nigeria’s eligibility for the loan. The loan could arrive as early as June and is “virtually a grant,” according to Mr. Edun. It has a 40-year repayment period, […]
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The World Bank extends close to USD 300 million to TDB to support distributed renewable energy and clean cooking private sector projects in the region served by TDB The World Bank has extended a facility of close to USD 300 million to the Eastern and Southern African Trade and Development Bank (TDB), to support distributed renewable […]
...Based on the World Bank report released earlier this year, Africa’s economy is projected to continue to rise to 3.2 percent in 2018 and to a further 3.5 percent in 2019. South Africa, Nigeria and Angola, the region’s best economies will be slightly weaker than expected, as the region is still experiencing negative per capita income growth, weak […]
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Based on the World Bank report released earlier this year, Africa’s economy is projected to continue to rise to 3.2 percent in 2018 and to a further 3.5 percent in 2019. South Africa, Nigeria and Angola, the region’s best economies will be slightly weaker than expected, as the region is still experiencing negative per capita income growth, weak […]
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