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.
The International Development Association (IDA) has provided an additional $40 million through the World Bank to help support Burundi’s poorest households.
Kenya and Uganda innovators are among a group of nine teams around the world to be awarded for their work against gender-based violence.
British non-profit organisation Oxfam has accused World Bank of funding potential tax cheats in Africa.