Tag: World Bank Group

This is how badly COVID-19 has ravaged Sub-Saharan Africa

Sub-Saharan Africa has been ravaged by the COVID-19 pandemic, and economic activity collapsed in the first half of this year. This is by how much...

World Bank approves $500mn to aid Africa’s fight against locust plague

The World Bank Group approved today a $500 million program to help countries in Africa and the Middle East fight the locust swarms that are threatening the food security and livelihoods of millions of people. The bank’s financing package will deliver immediate and long-term support to help hard-hit farmers and rural communities control the swarms, withstand the dual crises of COVID19 and locusts and restore their livelihoods. World Bank Group President, David Malpass joins CNBC Africa for more.

IFC’s Peter Lankes on how to maximise finance for development

To discuss the World Bank Group's strategy to maximise finance for development, International Finance Corporation's (IFC) Vice President for Economics and Private Sector, Hans Peter Lankes joins CNBC Africa for more.

World Bank contradicts Tanzania’s rosier growth estimates, what you need to know

Tanzania’s economy expanded 5.2% in 2018, the World Bank said on Thursday, the second major report this year from a multilateral financial institution contradicting rosier government figures.

Kenya gears up for global climate change summit

The World Bank Group together with the government of Kenya, France, and the United Nations are hosting the “One Planet Summit” which seeks to accelerate and focus attention on climate investments in line with the Paris Agreement objectives. The IFC has launched a report on the potential climate investments in cities for more CNBC Africa is joined by the IFC's Vice President of Economics and Private Sector Development- Hans Peter Lankes.

Rwanda rank high on WB ease of doing business report

The latest World Bank doing business report places Rwanda at the 29th position globally among the top 50 easiest places to do business. According to the report, Rwanda emerged as the top reformer. Rita Ramalho, Senior Manager at the World Bank Group joins CNBC Africa’s Michael Mugisha for more on this.

Doing business report: Sub-Saharan African economies set new record

According to the 2019 World Bank Doing Business index report, the Sub Saharan Africa region recorded the most reforms with Rwanda, Kenya, Togo and Cote D’Ivore indicated as the most improved economies. Manuel Moses, Country manager for International Finance Corporation, World Bank Group elaborated this further.

IFC to invest $60 million in Bank of Africa to support SME lending in eight African countries

IFC, a member of the World Bank Group, today announced a $60 million investment in a regional risk-sharing facility to support Bank of Africa Group’s lending to small and medium enterprises in...