Nigeria and South Africa, the two largest economies in Africa will see their income grow by only 4 per cent from the African Continental Free Trade Area, the World Bank says in its recent “The African Continental Free Trade Area: Economic and Distributional Effects” report. The report found that Côte …
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The World Bank has approved a $500 million credit for the Adolescent Girls Initiative for Learning and Empowerment, AGILE, towards improving secondary education opportunities among girls in seven states in the country. A statement from the bank in Abuja on Wednesday noted that the credit was approved from its International …
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The World Bank has approved a $150 million intervention project aimed at boosting secondary education in rural Uganda. The international lender, in a statement, issued late on Friday said 2.5 million learners will directly benefit from the Uganda Secondary Education Expansion Project. A total of 116 new lower secondary schools …
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World Banks’ International Development Association (IDA) approved the disbursement of $100 million (CFA57.8 billion) to help Niger accelerate its digital transformation. According to a statement issued by the institution, this support -which composed equally of a loan and a grant- will be invested in a program to modernize the economy and …
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Rwanda will benefit from $160 million jointly granted by the World Bank and the European Union. The related deals were signed on Wednesday and target a skill development program in various activity sectors. $11 million will come from the EU, within the framework of a financing of $520 million agreed by the …
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The World Bank on Wednesday announced that it has created two new vice-presidencies exclusively for Africa to better focus on the sub-Saharan region. In detail, one vice-presidency will cover the western and central parts while the second will focus on the eastern and southern parts. The move aligns with the …
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African countries made great strides in strengthening commitments and capacity to achieve tax transparency and exchange information on illicit fund flows in 2019, the latest Tax Transparency in Africa report revealed. According to the report, illicit financial flows in Africa are estimated at between $50 billion and $80 billion annually; 44% of …
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