Tag: World Bank

World Bank approves $130mn infrastructure grant to Uganda

On Thursday, the World Bank approved a $130 million grant to Uganda for road infrastructure in the West Nile sub-region.

CFG Advisory on how Nigeria can harness its digital economy for growth

Nigeria’s Vice President, Yemi Osinbajo says the tech sector received investments worth $377 million between 2018 and 2019. Osinbajo further noted that the focus of the Nigerian government on its digital sector is vital to its overall socio and economic wellbeing. However, the World Bank says for countries like Nigeria, the digital economy offers opportunities, but also brings risks of being left behind. Tliewa Adebajo, CEO of CFG Advisory joins CNBC Africa for more.

COVID-19: How the pandemic has impacted Nigerian commodities

The World Bank says the global agricultural markets have been less affected so far by the pandemic than industrial commodities. Prices of the main food commodities have declined by about 9 per cent since January. But disruptions to trade, distribution and supply chain raises concerns for food security. Nigeria recently gave four companies an emergency approval to import maize. Akinyinka Akintunde, Vice President; Financial Markets at AFEX Commodities Exchange joins CNBC Africa for more.

Brent nears five-month high as OPEC+ meets today

A ministerial panel of key OPEC plus oil producers meets today to review the group’s compliance with the current oil supply cut pact an also assess the oil market. Ahead of the meeting, Nigeria’s President Mohammadu Buhari and Saudi Arabia’s King Salman bin Abdulaziz discussed efforts taken to stabilise and re-balance global oil markets. Olumayowa Ige, Research Analyst at Financial Derivatives joins CNBC Africa for more.

How Cote d’ Ivoire’s election tensions impact the country’s economic outlook

For weeks, protesters have taken to the streets in Cote d’Ivoire moving against President Alassane Ouattara's quest for run for a third term in the October 31st polls.

How Cote d’ Ivoire’s election tensions impact country’s economic outlook

For weeks, protesters have taken to the streets in Cote d’Ivoire moving against President Alassane Ouattara's quest for run for a third term in the October 31st polls. According to reports, the protests have led to loss of lives. Ayalanesh Tafesse, Country Risk Analyst at Rand Merchant Bank joins CNBC Africa’s Christy Cole to discuss the risks these events possess to Cote d’Ivoire’s economy.

World Bank approves $114 mln for Nigeria’s COVID-19 response

ABUJA (Reuters) - The World Bank has approved $114 million to help Nigeria tackle its coronavirus pandemic, the global lender said on Friday. The money comes in...

World Bank: AfCFTA to boost Africa’s income by $450bn by 2035

The World Bank says the COVID-19 pandemic has disrupted trade and triggered up to $79 billion in output losses in Africa alone this year. But the bank stressed that the African Continental Free Trade Agreement has the potential to boost Africa’s income by $450 billion by 2035. Winston Osuchukwu, co-Founder of Trans-Sahara Incorporated joins CNBC Africa for more.
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