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2012 a Turning Point for kenyan Economy Says World Bank

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The World Bank says that 2012 could prove to be a 'defining year' for the Kenyan economy if she can overcome political obstacles in her path. Following the launch of the latest Kenya Economic update, a WB report says that despite facing challenges including national elections, the establishment of a new system of devolved government and the possibility of a deteriorating global economy, that the "surging" information and communications technology field could boost the performance of a number of sectors, including transportation, agriculture and infrastructure.

South African Power Utility Gets $250 Million Loan for Wind, Solar...

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South Africa signed a $250-million (183-million-euro) loan deal with the World Bank on Monday aimed at adding 200 Megawatts of solar and wind power to the coal-dependent country's grid.

Africa's Economy: Good Boom, Bad Timing

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Africa has picked a really bad time to launch its economic boom, says one finance minister resignedly. In Washington for the World Bank and International Monetary Fund annual meetings on 23-25 September, he had just heard the Bank's Chief Economist for Africa, Shantayanan Devarajan, talk about the continent's 'robust growth

Nigeria to Secure U.S.$550 Million World Bank Loan

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Nigerias Federal Government in its bid to meet its transformation agenda and fix the polluted land in the Niger Delta and other parts of the country is negotiating a $550 million financing, Coordinating Minister of the Nigerian Economy and Minister of Finance, Ngozi Okonjo-Iweala, has said.

Biotech Centre to Spearhead Root, Tuber Research in Ghana

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Ghana's role in a pan-African agricultural productivity programme will soon take a step forward when it opens a new biotechnology facility in December.

World Bank Plans More Than $500 Million in Response to Drought...

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On the eve of the international emergency summit on the unfolding tragedy in the Horn of Africa, the World Bank today announced it is providing more than $500 million to assist drought victims, in addition to $12 million in immediate assistance to help those worst hit by the crisis.
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