Ten companies from Southern Africa have been recognized for their innovative approaches to closing the financial access gap for underprivileged people as part of a World Bank-sponsored challenge. The World Bank funded Southern Africa Innovation Bridge Portal ecosystem development efforts included the Fintech Challenge, which sought out novel and effective applications for the newest advancements…
The World World Bank has blacklisted 18 Nigerian individuals and firms for engaging in corrupt practices, fraud and collusive practices in its 2021 fiscal year 2021, a new report has revealed. A list of debarred individuals and firms was presented in a new annual report titled World Bank Group Sanctions System FY21. The debarments were made by…
Africa is being hit hard by climate change but has huge potential to minimise the impact and in some instances even triple a return on investment by embracing climate change adaptation, according to a report by the World Bank. Three African countries could more than triple returns on investments in climate-smart infrastructure and create thousands of…
The World Bank has approved $11.5bn in lending to Western and Central African countries for 98 operations. The World Bank made this known in its ‘Annual Report 2021: From crisis to green, resilient, and inclusive recovery’. The bank said: “In fiscal 2021, the bank approved $11.5bn in lending to Western and Central Africa for 98 operations, including…
World Bank hints on how Nigeria can save $432,600,000 before December Written by David Oladele The World Bank has hinted that Nigeria could save about $432.6m from May 2020 to December 2021 through the debt service suspension initiative. The Bank disclosed this in a statement on COVID-19: Debt Service Suspension Initiative updated on its website. The organisation, in…
Today’s youth will be responsible for delivering the post-2015 development agenda, also known as the Sustainable Development Goals (SDGs), which will replace the Millennium Development Goals (MDGs) when they expire at the end of 2015. The SDGs will be more ambitious than the MDGs, covering a broad range of interconnected issues, from sustainable economic…
Labour and employment in Nigeria maybe facing its toughest challenge yet soon. This is in-line with a World Bank warning. The world is facing a global jobs crisis that is hurting the chances of reigniting economic growth, and there is no magic bullet to solve the problem, the World Bank warned on Tuesday. In a…