Flat batteries: Eskom risks another default on World Bank loan

2020-03-15 07:42

Concerns are growing that Eskom is skirting with defaulting on its World Bank loans, which are supposed to help the power utility invest in renewable-and-emissions-reducing technologies.

Medupi's killer fumes: The story of a power station's missing air scrubbers

2020-03-03 05:53

Medupi is suffocating not only the economy, but the people and the environment around it too.

'Sharp slowdown' in growth for SA, says World Bank as it cuts forecast

2019-10-09 18:47

The World Bank has revised down South Africa’s growth prospects for this year and the next two years.

Kenya asks World Bank for $750 million loan

2019-05-28 12:03

Kenya requested the World Bank for $750m to fund affordable housing, agriculture and other development projects amid concerns the East African nation is taking on too much debt.

WATCH: Ivanka Trump turned down World Bank chief job

2019-04-18 12:34

White House senior adviser Ivanka Trump says her father asked her if she was interested in taking the job of World Bank chief but she passed on it. In an AP interview, the president's daughter said she was happy with her current role.

Higher education funding model is unsustainable - World Bank

2019-01-22 17:53

The World Bank has flagged the Treasury’s funding of a phased-in approach to fee-free higher education as unsustainable, saying it should move to a contingent loan income system instead.

World Bank cuts global growth outlook as trade expansion falters

2019-01-09 07:31

The World Bank cut its forecast for the global economy as slowing growth in trade and investment and rising interest rates sapped momentum, especially in emerging markets.

World Bank cuts SA's economic growth forecast

2018-10-03 14:58

The World Bank has cut SA’s economic growth forecast for 2018 from 1.4% to 1%.

Gaza's economy is collapsing, World Bank says

2018-09-26 06:00

The Palestinian economy in the Gaza Strip is collapsing under a decade-long blockade, as well as decisions by the Palestinian Authority and US government to reduce payments to the area, the World Bank said.

Top Africa stories: Mnangagwa and the Mugabes, Chamisa's inauguration

2018-09-11 05:53

Zimbabwean President Emmerson Mnangagwa reportedly spent more than half a million US dollars 'to mend fences with the Mugabes', and Zimbabwe's MDC leader says he will be inaugurated this week.


World Bank unveils $12 bn aid package to combat coronavirus

2020-03-04 17:10

The World Bank unveiled a $12 billion aid package that will provide fast-track funds to help countries combat the coronavirus outbreak.

World Bank growth forecast shock could finally tank Moody's rating for SA - analysts

2020-01-09 21:21

The World Bank said SA’s economy will grow by just 0.9% in 2020

Lagarde’s exit reopens the question: Why does a European always lead the IMF?

2019-07-03 11:14

Since its founding in 1945, the Washington-based lender has always been run by a European as part of an unwritten understanding that means an American helms the World Bank.

World Bank gives $545m for cyclone-hit southern Africa

2019-05-04 09:54

The World Bank will extend more than half-a-billion dollars in grants for cyclone-ravaged southern African countries, its chief announced as he concluded a visit to Mozambique, the worst affected country.

Trump plans to nominate David Malpass to lead World Bank

2019-02-05 13:37

The Trump administration has notified World Bank shareholders that it intends to pick senior Treasury Department official David Malpass as the US nominee to lead the development lender, according to people familiar with the decision.

World Bank projects paltry GDP growth for SA in 2019

2019-01-09 12:55

South Africa’s real GDP growth will expand by a paltry 1.3% in 2019, according to a World Bank projection, putting it among the worst performers in sub-Saharan Africa.

Nearly half the world lives on less than $5.50 a day: World Bank

2018-10-17 18:13

Despite progress in reducing extreme poverty, nearly half the world's population lives on less than $5.50 a day, with a rising share of the poor in wealthier economies, the World Bank has said.

Lameez Omarjee: A millennial's guide to apartheid heritage

2018-09-30 08:17

Lameez Omarjee considers some of the legacies of apartheid South African millennials are trying to navigate, while working towards reducing inequality in the country.

Slow progress in business environment reforms for SA cities - World Bank

2018-09-19 20:29

A new report by the World Bank has shown that the ease of doing business in major South African cities varies significantly.

Zimbabwe seeks return to dollar as new govt sworn in

2018-09-10 16:51

Zimbabwe's newly sworn-in finance minister says he plans to reintroduce the Zimbabwe dollar and accelerate plans to repay the country's debt, in a bid to revive the battered economy.

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