The World Bank announced today the opening of a new regional hub in Riyadh, Saudi Arabia, to serve the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP) region. The Riyadh hub will be co-located with the World Bank Group’s Gulf Cooperation Council (GCC) regional office. The Riyadh Hub brings theContinue Reading
The World Bank, Swiss State Secretariat for Economic Affairs (SECO), and Trust Valley announced on July 28, 2025, the opening of applications for the GovTech Innovation Challenge, a pilot programme that connects technology companies with government partners to address public sector challenges through digital transformation. Startups and small and medium-sizedContinue Reading
The World Bank released a new report on Thursday, urging Ghana to focus its ongoing structural reforms on private-led growth and job creation to absorb its growing youth population. The World Bank’s ninth Ghana Economic Update, titled “Addressing Labor Market Challenges and Opportunities in Ghana’s Economic Landscape,” said GhanaContinue Reading
Ghana’s economy has shown signs of resilience amid a challenging environment, this is according to the World Bank in a statement on Friday. The Bank’s 9th Economic Update for Ghana, titled “Addressing Labor Market Challenges and Opportunities in Ghana’s Economic Landscape,” notes that Ghana’s economy displayed resilience with strong growth of 5.7 percentContinue Reading
By Francis Kobena Tandoh African governments have been urged to improve the delivery of essential services to promote inclusive, sustainable growth, according to the World Bank’s annual Country Policy and Institutional Assessment (CPIA) report for Sub-Saharan Africa, released on Thursday. The comment comes on the back of a stable averageContinue Reading
The World Bank has reclassified Cape Verde from a lower-middle-income country to an upper-middle-income country, reflecting an increase in per capita income, the institution said in a statement on Monday. “Effective July 1, 2025, Cape Verde will be classified as an upper-middle-income country, based on the criteria established byContinue Reading
The World Bank is satisfied with the management of its project portfolio in Cote d’Ivoire, which totals 5 billion U.S. dollars, Ousmane Diagana, the bank’s regional vice president for Western and Central Africa, said on Monday in Abidjan. “As a strategic partner of Cote d’Ivoire, we will continue toContinue Reading
