The World Bank announced on Thursday that it has approved a total loan of $2.25 billion to Nigeria to help it stabilize its economy following reforms and step up support for the poor. In April, Nigerian Finance Minister Wale Edun said his country was seeking up to $2.25 billion in …
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In addition to hunger, the strike launched by the Nigerian Labor Congress (NLC) on Tuesday morning is also intended to denounce insecurity throughout the country. Several localities in Nigeria have been on strike since last Tuesday. In a statement, the Nigerian Labor Congress, which called the strike, also called on …
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Suspended by the World Bank since the coup d’état that ousted Ali Bongo from power, Gabon has announced the restoration of cooperation with the institution. According to the government, the resumption of cooperation between the World Bank and Gabon is contained in an official letter dated December 11. The letter …
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Ugandan President Yoweri Museveni has accused the World Bank of seeking “to coerce” the government over its anti-LGBT legislation. It follows the announcement by the lender that it was suspending any new loans to Uganda on the grounds that the law against same-sex relations contradicts its values. But in a …
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The World Bank has announced the suspension of new loans to Uganda following the enactment of the anti-homosexuality law in the country. President Yoweri Museveni signed the anti-LGBT law in May, which imposes the death penalty for “aggravated homosexuality” and a 20-year prison sentence for “promoting” homosexuality. The World Bank …
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Education and Finance ministers from West and Central Africa met Monday, June 27 in Accra (Ghana), on the occasion of the launch of the World Bank’s regional education strategy for two sub-regions of the continent. Gathered around the theme “From school to work: a journey for young people in West …
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The World Bank has welcomed the decision by Tanzanian government to remove a nearly two-decade-long ban on pregnant students from attending school. Tanzania’s Education Minister Joyce Ndalichako on Wednesday announced the government’s decision to lift the ban on pregnant students from attending schools The World Bank says the move will …
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The World Bank has warned that the rapid rise in energy prices seen in Europe and parts of Asia won’t ease until the second half of next year, and it will have a knock-on effect on Africa, the BBC reports. It says the global economy is struggling to satisfy a …
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Zambian new president Hakainde Hichilema has appointed Situmbeko Musokotwane, an experienced international economist as the country’s Minister in charge of Finances. Mr Hichilma, in his inaugural speech said he will fix the economy and create jobs. Early this morning, he announced that his first Cabinet appointment is the Minister of …
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