World bank
World Bank earmarks $490 mn for Madagascar
The Bank will provide a grant of 100 million euros to help the Indian Ocean island purchase vaccines and boost its health system, Economy Minister Richard...
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MUBANGA LUMPA: Mandela Day - a moment to reflect on humanity's crises
Nelson Mandela International Day particularly in many poor communities, writes Mubanga Lumpa.
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Lack of vaccines for Africa 'unacceptable': World Bank
With some six million reported cases and around 153,000 deaths among its nearly 1.3 billion people, Africa is still the world's least-affected continent after Oceania, according to an AFP tally.
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World Bank grants war-torn Yemen $150 mn for food, water, healthcare
Yemen's conflict flared in 2014 when Huthi insurgents seized the capital Sanaa, prompting a Saudi-led military intervention to prop up the government the following year.
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Donors pledge $700 mn to boost jab output by South Africa's Aspen
The country will host the continent's first COVID-19 vaccine production facility, although no doses are expected from it until next year.
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Heads of global organisations issue joint call for vaccine equality
Writing in the Washington Post on Tuesday, the heads of the World Health Organization, World Bank, International Monetary Fund and World Trade Organization blamed the gap in vaccination programmes for the emergence of virus variants that have fueled fresh outbreaks in the developing world.
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World Bank index ranks Port of Cape Town 347th out of 351 container ports
Cape Town, though, was the best performing South African port as Durban, Gqeberha and Ngqura were placed at the lower end of the Container Port Performance Index 2020.
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World Bank to invest $2bn in African small businesses
The World Bank announced Wednesday it will invest $2 billion to support medium and small businesses in Africa and boost trade in the region as it recovers from the COVID-19 downturn.
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World Bank injects $100m into troubled northern Mozambique
An agreement for the funding - part of a three-year $700-million project - was signed by the government and the United Nations Office for Project Services (UNOPS) which oversees the project.
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Nigeria senate approves govt's $2.7 bn loan requests
The lawmakers on Wednesday said in a report they approved external borrowing for $1.5 billion and 995 million euros from the World Bank, the Export-Import Bank of Brazil and Deutsche Bank.
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Ramaphosa: Africans struggling to access vaccines that were tested on them
Earlier this week, President Cyril Ramaphosa warned against ‘vaccine nationalism’, saying it risked endangering the recovery of not only countries like South Africa, but all nations.
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Govt will not accept strings attached to loans from World Bank, says Mboweni
Speaking during a webinar organised by Bloomberg on Tuesday, Finance Minister Tito Mboweni was asked about progress on securing a loan from the World Bank.
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Pandemic could push 115 mn into extreme poverty in 2020: World Bank
And the bank's new report estimates that by 2021, 150 million could be living below the extreme poverty threshold of less than $1.90 a day.
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World Bank approves $114m for Nigeria's COVID-19 response
The money comes in the form of a $100 million loan and a $14 million grant to be split between Nigeria’s 36 states and federal-level procurement of medical equipment, tests and medicine.
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Magashule now supports Mboweni’s plan to get loans from World Bank, IMF
He said the ANC had confidence in its deployees in government to get the loans but only if conditions were favourable to the country.
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Nigeria's COVID-19 outbreak could impoverish 5 million people - World Bank
The twin shock of the pandemic and a global oil price crash has pummelled Nigeria, which has Africa’s largest economy mainly because it is the continent’s top crude producer.
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Seeking foreign funding won't undermine SA's sovereignty - Mboweni
The government is either in talks with or plans to approach the International Monetary Fund, the New Development Bank (Brics bank)) as well as the World Bank for urgent funding.
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World Bank provides $400 mln to boost health insurance in Egypt
Egypt’s health ministry has confirmed 47,856 coronavirus cases, and 1,766 deaths, with the daily increase in cases rising in recent weeks as the government has slightly eased some restrictions on movement.
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Zimbabwe gets $7 million World Bank grant to fight coronavirus
Zimbabwe is more than $1.2 billion in arrears to the World Bank, African Development Bank and European Investment Bank, making it ineligible for funding or debt forgiveness from global lenders.
