Load shedding drags down sub-Saharan growth - report

2015-07-08 19:24

The World Bank has made a 0.4% downward revision of sub-Saharan Africa's GDP growth because of SA's power crisis and the oil price drop.

World Bank aims to make Zim more investor-friendly

2015-06-12 07:46

The World Bank is helping to make Zimbabwe's operating environment more attractive for investors to pave the way for potential private sector financial packages.

World Bank urges Fed to wait on rates due to lower growth

2015-06-11 17:30

The World Bank has cut its global growth outlook for this year and urged countries to "fasten their seat belts" as they adjust to lower commodity prices.

Gaza facing 'dangerous fiscal crisis': World Bank

2015-05-22 12:06

The Gaza Strip has the world's highest unemployment and Palestinians, Israelis and donors must take action to avoid a "dangerous fiscal crisis".

Start now for cheaper carbon-free growth - World Bank - TRFN

2015-05-12 07:52

Countries around the world can move their economies onto a path that cuts net emissions of climate-changing gases to zero at an affordable cost but they should start now, the World Bank says.

Chad to receive $1.1bn debt relief - finance minister

2015-04-29 14:31

Chad will receive $1.1bn in debt relief after completion of the Highly Indebted Poor Countries initiative of the World Bank and IMF, its finance minister says.

Sub-Saharan Africa growth to slow in 2015

2015-04-13 17:00

The World Bank cut its forecast for gross domestic product growth for sub-Saharan Africa to 4% in 2015 from 4.5% in 2014 due to fall in oil and other commodity prices.

An in-depth look at how the US and China are fighting over Africa

2015-03-04 10:05

Africa has traditionally been considered a US sphere of influence. This article discusses how China has been fighting the US for influence, friends, and resources in Africa.

Zimbabwe, Zambia to repair Kariba Dam

2015-02-20 22:25

Urgent repairs to avert the collapse of the gigantic, power-generating Kariba Dam between Zimbabwe and Zambia will begin this year.

Oxfam: Marshall Plan needed for Ebola-hit Africa

2015-01-27 20:54

Ebola-hit west Africa needs a multi-million dollar recovery plan similar to that of war-ravaged Europe in the 1940s, Oxfam has claimed.


World Bank clears $100m for Africa trade corridor

2015-06-25 19:00

The World Bank in a first-time move is clearing $100m to help Burkina Faso and Ivory Coast reduce mutual trade and transport costs on a key corridor.

World Bank report: Challenges loom for developing nations

2015-06-12 06:59

The World Bank has warned that developing countries, “an engine of global growth following the financial crisis”, could expect a bumpier ride in the year ahead.

World must decarbonise - UN climate chief

2015-05-26 22:56

The UN climate chief says a decarbonised world is now irreversible, irrefutable.

1 in 7 people still without electricity - World Bank

2015-05-18 19:19

Around one in seven people across the globe still live without electricity, and nearly 3 billion cook using polluting fuels, the World Bank says.

Pension investments clash with principles

2015-05-04 09:00

The World Bank has indirectly invested part of its staff pension in coal and tobacco shares, holdings that clash with the bank's calls for ethical investing.

Eskom is load shedding SA's GDP - World Bank

2015-04-14 10:55

Eskom's electricity crisis has “very severe” implications for growth prospects for South Africa, according to the World Bank.

World bank admits Chinese bank pressure

2015-03-30 11:30

A World Bank Group executive has admitted the bank is under pressure to reform as more countries are joining a new China-backed investment bank.

Herman Mashaba on Budget 2015: What would Nene do if SA had real shareholders?

2015-02-27 12:30

One of SA’s leading entrepreneurs, Herman Mashaba, wonders what shareholders would do to a CEO who dropped his growth target 25% just five months after setting it.

Investments in water in poor nations give big benefits

2015-02-09 09:07

Investing to provide drinking water for 750 million people in poor nations who lack clean supplies makes clear economic sense with bigger than expected health benefits, World Bank estimates show.

Ebola economic impact to be less severe - W Bank

2015-01-20 18:30

The economic impact of Ebola on African economies in 2015 will be less severe than previously thought, the World Bank says.

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