The global financier announced that it had approved a $1 billion loan to help the country’s shift to cleaner forms of energy
But the funding will come at a price, given that the $8.5-bn pledged last year, was mostly in the form of loans
President says the country needs more money to meet its targets in transitioning from coal to renewable energy
The power utility, already burdened by a debt of R396‑billion, has taken on a R9-billion loan from the World Bank, causing economists to warn of tariff hikes
African businesses have the power to reduce the effect of climate change through sustainable business models and circular economy practices
They represent a range of views and are tasked with reaching an agreement on divisive issues
Local communities are wary of the sudden arrival of outsiders and of their interest in regions where there’s been violence for years
It was never in the public interest to incur a debt of $3.75-billion to build coal-burning Medupi
With a clear majority, Mohamed Ould Ghazouani, former head of the domestic security service, has won outright
Thousands of Palestinians have gathered at least weekly along the border in protests dubbed the Great March of Return
Consulting women about their needs would go a long way towards ensuring their health and safety
Africa’s population growth will cause most countries to become younger, a trend that will occur at the same time as the rest of the world ages
The bank’s announcement coincided with a UN climate summit currently underway in Poland
The global poverty plot is thicker than what the World Bank would have us believe
Land tenure determines who can use land, for how long and under what conditions
With the liberal world order in a state of crisis, genuinely democratic alternatives must be found
The New Development Bank is facing questions about the transparency and fairness of its loans
But the predicted growth of countries in Africa will mean they won’t qualify for funding
The country’s cashew nut industry, one of the world’s biggest, was dealt a body blow first by the 1977-1992 civil war
Nersa has told Eskom it cannot pass cost increases on to consumers. Rather, it will be expected to cut operational costs and inefficiencies
Despite making only slow progress toward Sustainable Development Goals, the Bank shows no alarm or strategy to help get the SDGs on track for 2030.
There is a possibility that the World Bank could issue a default letter for its $3.75-billion (R45-billion) loan to the power utility.
More than two-thirds of households drink bacterially contaminated water and, every year, 53,000 Pakistani children die of diarrhoea after drinking it
Zimbabwe is still suffering from having to pay off loans accrued by a pre-independence white supremacist government.
The appointment of a new energy minister could pave the way for a nuclear deal despite legal, financial and civic obstacles
Its been 13 years since Mauritius introduced codes of corporate governance for listed companies with mixed results.
For years Net1 had been criticised about its financial dealings with grant recipients, such as selling them life insurance.
Finally, analysts are prepared to vouch that the worst is over but some warnings persist.
Recently I penned a letter to the World Bank in response to allegations that it was planning to lend the Zimbabwean government money.
The ties that bind Africans to their land need markets, credit and exposure to new practices so that young people can stay on their farms.
They argued that the World Bank and the IMF cannot solve the world’s economic problems, and "a new global economic order" must be built.
The World Bank’s creative accounting has vastly exaggerated levels of poverty reduction.