World Bank

World Bank Sets $40 Billion for Power Finance in Africa

The World Bank and African Development Bank (AfDB) have announced a $40 billion financing program called Mission 300, aimed at…

1 year ago

World Bank Warns Kenya Against Pursuing Partnership Deals After Cancelling Adani Deals

The World Bank has warned Kenya against pursuing unsolicited public-private partnership (PPP) deals following the cancellation of Sh2.7 billion in…

1 year ago

County Gvt of Homa Bay Risks Blacklisting Over Misuse of Sh358M

Homa Bay County Government is on the jaws of potential blacklisting from the Financing Locally Led Climate Action (FLLoCA) program,…

1 year ago

World Bank Resists Kenya’s Push to End KPLC Monopoly

The World Bank (WB) has warned the Kenyan government against pushing to end Kenya Power's monopoly in electricity sales, claiming…

2 years ago

World Bank and AfDB Launch Mission 300 to Electrify Africa

The World Bank and African Development Bank Group have unveiled Mission 300, an ambitious initiative aimed at providing electricity to…

2 years ago

Museveni Questions World Bank Loans at IDA Summit

Ugandan President Yoweri Museveni has questioned the World Bank loans issued to African countries, focusing on their main objectives and…

2 years ago

KPLC In Bid To Offset Rising Debt

Kenya Power and Lighting Company Initiates Strategic Moves to Tackle Debt Amid Exchange Rate Woes In a bid to counter…

3 years ago

President Museveni’s Response to World Bank’s Stance on Uganda’s Anti-LGBTQ Law

Uganda's President Yoweri Museveni in quest to find alternative sources of revenue following fallout with the World Bank In a…

3 years ago

World Bank: Use AI To Direct Housing Planning

According to the World Bank, Kenyans living in informal settlements are not benefiting from newly built homes because those initiatives…

3 years ago

Airtel Africa Signs USD194 Million Loan Agreement To Diversify Local Funding

Airtel Africa PLC announced a new infrastructure with International Finance Corp, a sister organization of the World Bank and a…

3 years ago