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/ 10 November 2006
The World Bank has highlighted infrastructure investment, improving the investment climate, harnessing skills for innovation and building institutional capacity as critical areas demanding action in sub-Saharan Africa. The World Bank says success on these four fronts will help the region and Africa as a whole make up for missing two decades of global growth.
The World Bank is preparing funding for Tanzania and Uganda to help the East African countries cope with a power crisis triggered by a three-year drought, bank officials said on Thursday. Tanzania and Uganda have been worst hit by the power crisis and are currently enforcing rolling blackouts that are hurting their economies and stretching financial resources.
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/ 5 December 2005
African mediators on Sunday appointed central banker Charles Konan Banny as transitional prime minister to lead the war-ravaged Côte d’Ivoire into elections next year. Banny (63) will be given broad powers specified by the United Nations Security Council, including financial and human resources, control over security and defence forces and oversight of the electoral process.
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/ 5 November 2003
Emerging market insurance provider Safrican Insurance Company, wholly owned by Thebe Investment Corporation company, and South African government-owned Postbank said on Tuesday they had joined forces to provide affordable insurance cover to the local "unbanked" economic sector.
Lagos | Wednesday A DELEGATION of the west African regional grouping Ecowas is scheduled to meet in Washington with representatives of the European Union, Bretton Woods institutions and African Development Bank (ADB) on cooperation, a statement said on Tuesday. The Economic Community of West African States (Ecowas) said in the statement sent from Abuja that […]
RADICAL French farmer leader and anti-globalisation activist Jose Bove on Wednesday accused the World Bank of “destroying” Africa’s agricultural output. “The World Bank is destroying agricultural production capacity in countries in west Africa where between 60 to 85% of the population are farmers,” he said. On Monday, World bank chief James Wolfensohn said the September […]
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/ 6 February 2001
GERMANY is to provide $370 000 in logistic support for troops of the west African force deploying along the Guinean-Liberian border. Troops from Mali, Niger, Nigeria and Senegal will help protect the borders, to allow refugees and aid workers to move freely in the region. ECOWAS’ 15 members states authorised the deployment of the force […]
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/ 25 October 1999
DESMOND DAVIES, London | Monday 9.45am THE World Bank and the International Monetary Fund Fund are inadvertently financing wars in Africa, the International Institute for Strategic Studies has said in its current report, titled ‘The Military Balance 1999-2000.’ “Many governments in the region have access to structural adjustment funding from the IMF and development assistance, […]
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/ 25 September 1999
A WORLD Bank unit on Wednesday said it has joined 16 other investors in the largest equity venture ever established for Africa, a $400-million fund to support private sector infrastructure projects. The International Finance Corporation (IFC), an arm of the World Bank that finances private sector investment in developing countries, will contribute $75-million to the […]