Tag: World Bank

World Bank Appoints New Country Director for Kenya, Rwanda, Somalia and...

Nairobi, September 7, 2020- Keith Hansen, an American, has been appointed as the new Country director for four African countries: Kenya, Rwanda,...

World Bank Hands Kenya $150mn to Upgrade Urban Informal Settlements

Some 1.7 million urban poor families in Kenya are set to have their living conditions upgraded through modernised basic infrastructure like clean...

Africa’s Food Import Bill Matches the Size of Tunisia’s Economy

Africa’s food import bill is likely to balloon, lifted by a deadly mix of shocks including the Covid-19 pandemic, desert locust invasion...

Flower Farm to Build Kenya’s First Floating Solar Station

Kenya’s first floating solar power station is set to be constructed by a flower farm, opening a new chapter in the country’s...

Uganda to Top Africa in Economy Growth This Year

Uganda is on course to posting the largest economic growth in sub-Saharan Africa this year despite being marred by the Covid-19 shock,...

World Bank Ranks Djibouti Most Expensive Country in Africa

Djibouti is the most expensive country in Africa while its neighbour Eritrea in the Horn of Africa enjoys the lowest cost of...

Report: Tanzania More Urbanised Than Kenya

Tanzania is the most urbanised country in East Africa, according to data compiled by researchers at Yale and Columbia universities.

Kenya Posts Fastest Electrification Rate In Africa

Kenya leads Africa in the pace at which it is electrifying its population through a mix of grid and off-grid power connections.

Nigeria Now Has Largest Population Without Electricity Globally

Nigeria and Democratic Republic of Congo (DRC) have for the first time each replaced India as countries with the largest population without...

Revealed: 70pc Of Sub-Saharan African Countries Apply For World Bank Loans...

At least 70 percent of sub-Saharan African economies have approached the World Bank for loans to finance their budget shortfalls as the...