World Bank News

VW South Africa targets record output despite headwinds

The economy, which slipped into recession last year, is expected to grow by just 1.3 percent in 2019 according to the World Bank, less than half the global average.

Business Daily Africa , Kenya Feb 21, 2019

Sudan's economic decline provides fuel for anger against Bashir

Unemployment rose from 12 percent in 2011 to around 20 percent in recent years, with youth unemployment at more than 27 percent, according to IMF and World Bank estimates.

Reuters , Africa Feb 21, 2019

World Bank arm pumps Sh600m into tech firms

Companies World Bank arm pumps Sh600m into tech firms The International Finance Corporation (IFC) is set to invest Sh600 million in technology-based companies in Kenya and other African markets, underlining the institution’s increased interest in local start-ups.

Business Daily Africa , Kenya Feb 20, 2019

‘Qualitative basic education will reduce out-of school menace’ | The Guardian Nigeria News - Nigeria and World News

The programme was a collaboration between the Oyo State government the Federal Ministry of Education, Universal Basic Education Commission (UBEC) as well as World Bank.

The Guardian , Nigeria Feb 20, 2019

[OPINION] Mboweni, we need to look beyond the numbers

Last week both President Ramaphosa and the World Bank country director Paul Noumba-Um said Eskom was essentially too big to fail.

EWN , South Africa Feb 20, 2019

EACC probes purchase of hyacinth harvester

The machine, procured by Lake Victoria Environment Management Project and funded by the national government and the World Bank, stalled immediately it was bought.

The Star , Kenya Feb 20, 2019

NEWS INDEPTH: The top-performing counties in Kenya

The report titled ‘Gross County Product 2019’ was funded by the World Bank.

Business Daily Africa , Kenya Feb 20, 2019

iTax is a big step forward but has long way to go

“We have a full series of enhancements that we are doing to iTax that are already ongoing.” Despite these challenges, the phased rollout of the iTax system since 2013 has been transformative, cutting the time businesses spend to make various taxes, the World Bank Group’s Ease of Doing Business Report 2019 shows.

Business Daily Africa , Kenya Feb 20, 2019

Drones alone won’t save Africa’s elephants

A World Bank analysis later showed that only a small portion of global funding goes towards this goal.

IOL , South Africa Feb 20, 2019

Experts call for balanced investment in infrastructure

Uganda has entered the demographic transition with an estimated 600,000-700,000 individuals entering the labour market each year, according to World Bank.

The Independent , Uganda Feb 20, 2019