The Government of Ghana assures the general public, industry stakeholders, and international partners that the era of uncontrolled energy sector debt accumulation is over The Government of Ghana, under the leadership of President John Dramani Mahama, has decisively resolved the crippling energy sector debt that posed one of the gravestContinue Reading
The World Bank (International Bank for Reconstruction and Development, IBRD) on Friday priced its latest outcome bond, a USD 200 million Clean Cooking Outcome Bond maturing on 31 March, 2032. The bond aims to make cleaner cooking accessible to more than one million people in Ghana. Under the terms ofContinue Reading
Developing countries paid out $741 billion more in principal and interest on their external debt than they received in new financing between 2022 and 2024—the largest gap in at least 50 years, according to the World Bank’s latest International Debt Report released on Wednesday. Still, most countries gained some breathing roomContinue Reading
The meeting brought together senior officials, digital economy experts and representatives from ministries, regulatory bodies, and institutions across all ECOWAS Member States The ECOWAS Commission, in collaboration with the World Bank and Sense Strategy under the West Africa Regional Digital Integration Programme (WARDIP), convened a validation workshop in Abuja, Nigeria, on 25th NovemberContinue Reading
The World Bank on Monday lifted Kenya’s 2025 economic growth projection to 4.9 percent, an upward revision from 4.5 percent in May, citing the faster-than-expected recovery in the construction sector. In its Kenya Economic Update report released in Nairobi, the capital of Kenya, the global lender said that lowContinue Reading
By Francis Kobena Tandoh Ministers responsible for digital affairs in West and Central Africa, at the end of a two-day summit on Tuesday, adopted the Cotonou Declaration aimed at accelerating digital transformation in the region. The ministers set ambitious targets for 2030, including achieving affordable and reliable broadband access forContinue Reading
This five-year program of US$430 million— including US$30 million in concessional financing — aims to support the Government of Tunisia to deliver a sustainable, reliable, and affordable electricity supply The World Bank and the Government of Tunisia have concluded a financing agreement to support Tunisia’s energy sector modernization agenda through the Tunisia EnergyContinue Reading
