Search results

The World Bank Group (WBG) is supporting a major $250m electricity grid improvement project with a $200m loan. The Electricity Network Reinforcement and Expansion Project (Enrep) forms part of the government’s ambitious Growth and Transformation Plan, which aims to add 276,000km of power lines and 8,000MW of installed capacity by 2015.

The World Bank is planning a $100m emergency infrastructure loan, which will part-finance a $200m government programme to restore urban and rural infrastructure following the country’s civil conflict.

Elected amid economic crisis, new French President François Hollande has not been a charismatic popstar candidate, but his down-to-earth style and softly, softly approach could still bring reform

Exasperated by delays to implementation of a payments disclosure provision in the Dodd-Frank Act, Oxfam America filed a lawsuit against the US Securities and Exchange Commission (SEC) on 16 May

Tema Oil Refinery (TOR) has secured a $900m bail-out from BNP Paribas and Standard Chartered to help clear its continuing debt backlog and buy new crude supplies

The multilateral created to pull former communist economies into the global market is gearing up to provide significant support for North Africa, but like other elements of the so-called Deauville Partnership, things are not moving as quickly as supporters of the ‘Arab Spring’ would like, writes Jon Marks

The World Bank board approved a $60m credit on 15 May to reinforce Zambia’s electricity transmission network and increase Zesco’s power transfer capacity to Kafue town and the Southern Province.

BENIN: Syndicated power loan; WORLD BANK: New Africa VP

A proposed new loan in the works for the NNPC group could provide a lifeline for international lenders and risk insurers exposed to the company’s fuel importing arm, writes Kevin Godier

Plus Markets Group has announced plans to close after failing to attract a buyer for its exchange for small companies.

The Republic of South Sudan became the newest member of the International Monetary Fund and World Bank Group (WBG) on 18 April when finance and economic planning minister Kosti Manibe Ngai signed the two institutions’ articles of agreement in Washington.

The Export-Import Bank of the United States (Ex-Im Bank) has renewed until 31 March 2015 its Short-Term Africa Initiative (STAI), which provides export credit insurance for US exporters selling to 18 countries in sub-Saharan Africa, up to a programme limit of $100m.

Mainstream print and broadcast media are increasingly of the view – thereby making it the prevailing orthodoxy – that growth across sub-Saharan Africa (SSA) is creating a significant emerging market for the next decade.

The discovery of the body of former National Oil Corporation (NOC) chairman Shukri Ghanem in the River Danube in Vienna early on the morning of Sunday 29 April has inevitably provoked much speculation.

The US’ continued domination of the World Bank Group (WBG) was confirmed on 16 April, when President Barack Obama’s candidate, Korean-born Dartmouth College head Jim Yong Kim, was named president of the Washington-based institution; he will replace Robert Zoellick at the end of June