A World Bank arbitration court has ordered Tanzania to pay $185 million to Standard Chartered over the breach of an energy contract.
There are many ways to calculate the economic performance of a country but GDP tends to be the favourite metric of economic reports. In Africa, we’re used to seeing the likes of Nigeria, South Africa, Egypt top the region’s economies
The government of Rwanda has been accused of manipulating poverty data by London-based publication, Financial Times.
The World Bank says Tanzania’s economy grew by 5.2 percent in 2018, contradicting the country’s finance minister who told parliament last year that growth stood at 7 percent.
Keyna has requested a loan of $750 million from the World Bank to fund housing, agriculture and other development projects.
Rwanda is the 29th easiest country to do business in the world, according to the World Bank’s Doing Business Report 2019, released on Wednesday.
Kenya’s human capital has declined over the past decade and a half, according to figures from the World Bank.
The World Bank has approved $80 million in grants for Somalia to fund public finance reforms – the organisation’s first disbursement to the conflict-ridden country in 30 years.
Ethiopian prime minister Abiy Ahmed says the World Bank will provide $1 billion in budget support for the country over the coming months, thanks to his sweeping reforms since coming into office earlier this year.
A new report from the World Bank has named Rwanda among Africa’s most resilient economies.