World Bank News
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Latest Articles
- ATCON Backs $900 Million Project BRIDGE to Drive Nationwide Broadband via Local ISPs
Published: Apr 30, 2026
Section: Africa
The Association of Telecommunication Companies of Nigeria has thrown its weight behind Project BRIDGE, a $900 million fibre optic initiative funded by the World Bank and other glob...
- World Bank And Partners Commit $8.2 Billion To Electrify Sub-Saharan Africa Under Ambitious "Mission 300" Initiative
Published: Apr 29, 2026
Section: Africa
The World Bank Group has pledged $8.2 billion as part of a joint effort with the African Development Bank to provide electricity to 300 million people in Sub-Saharan Africa by 2030...
- World Bank Forecasts Massive Energy Price Surge as Middle East Conflict Destabilizes Global Markets
Published: Apr 28, 2026
Section: Africa
The World Bank’s latest Commodity Markets Outlook report warns that energy prices will surge 24% this year, marking the most significant shock since 2022. Driven by conflict-relate...
- Governor Okpebholo Appoints Dr Innocent Bello to Lead EdoGIS Amid Major Land Reforms
Published: Apr 28, 2026
Section: Africa
Governor Monday Okpebholo has appointed Dr. Innocent Ehiaguina Bello as the Managing Director of the Edo State Geographic Information Service to modernize regional land governance....
- Tinubu Removes Finance Minister Wale Edun as Revenue Shortfalls and Integrity Concerns Destabilize Economic Cabinet
Published: Apr 27, 2026
Section: Africa
President Bola Ahmed Tinubu dismissed Wale Edun as Finance Minister on April 27, 2026, following a public contradiction regarding a one trillion naira revenue shortfall. The remova...
- Nigeria Accumulates Average of N82 Billion Daily Debt Under Tinubu Administration as Foreign Loans Surge
Published: Apr 25, 2026
Section: Africa
Recent fiscal data indicates that the administration of President Bola Ahmed Tinubu is adding approximately N82 billion to Nigeria’s public debt every 24 hours during the first 114...
- World Bank and Amazon launch 120 million dollar bond to restore South African Spekboom ecosystems
Published: Apr 24, 2026
Section: Africa
The World Bank has partnered with Amazon.com on a 14 year outcome based bond to rehabilitate 50,000 hectares of land in the Eastern Cape. Returns for institutional investors are li...
- Treasury Secretary Scott Bessent Extends Oil Sanctions Relief Citing Global Energy Vulnerabilities From Hormuz Closure
Published: Apr 22, 2026
Section: Israel
U.S. Treasury Secretary Scott Bessent has authorized a 30-day extension of sanctions waivers for Russian and Iranian seaborne oil, reversing his previous pledge to allow the relief...
- South Africa Secures R1.9 Billion French Loan To Reshape Ailing Municipal Infrastructure
Published: Apr 22, 2026
Section: Africa
France is finalizing a €100 million loan to bolster South Africa’s urban regeneration efforts through the National Treasury’s Metro Trading Services program. The funding aims to re...
- Liberia Unveils 2026 Digital Roadmap to Reshape National Fintech Ecosystem and Financial Inclusion
Published: Apr 20, 2026
Section: Africa
The Liberian government has launched a new five year strategic plan to accelerate digital transformation and reduce dependence on external financial infrastructure. Supported by th...
- France and Allied Shareholders Battle to Preserve World Bank Climate Funding Amid U.S. Opposition
Published: Apr 19, 2026
Section: Global Economy
French Development Minister Eleonore Caroit is leading a diplomatic push to safeguard the World Bank’s climate financing strategy before its scheduled expiration on June 30. The in...
- Nigeria’s UN Representative Jimoh Ibrahim Affirms President Tinubu Will Maintain Economic Reforms Despite Domestic Hardship
Published: Apr 18, 2026
Section: Africa
Ambassador Jimoh Ibrahim has stated that the Nigerian government will not rescind its current economic policies, characterizing them as essential for long term national prosperity....