The World Bank approved a $925 million loan for South Africa to support a six-year program costing three times that amount, as the country seeks to revive its major cities.

In Cotonou, at the Regional Summit on Digital Transformation, ministers, regulators and technical partners debated the digital future of West and Central Africa. One message dominated both the ...

Growth is projected to edge up from 3.3% in 2024 to 3.5% in 2025, showing some resilience, despite uncertainty in the global economy and restricted fiscal space. The median inflation rate declined ...

The World Bank lifted Kenya's economic growth forecast for this year to almost 5% on Monday, citing a pick up in the construction sector in East Africa's largest economy.

World Bank report finds that remittances from South Africa to Zimbabwe remain extremely costly due to heavy reliance on USD ...

While global economics can sometimes seem boring, at its core lies the Gross Domestic Product (GDP) per capita. This figure ...

The People First Podcast is back for Season 4! In this first episode, we explore one of Africa's most pressing challenges with Andrew Dabalen, Chief Economist for the World Bank Africa region. Andrew ...

NAIROBI (Reuters) -The World Bank said on Monday it had lowered its economic growth forecast for sub-Saharan Africa this year to 3% from 3.4%, mainly due to the destruction of Sudan's economy in a ...

Rising trade tensions, multiplying conflicts and natural disasters – the institution urgently calls for de-escalation to avert the worst, emphasising that “the poorest countries will suffer the most”.

An ambitious plan to provide electricity to 300 million Africans by 2030, supported by an initial $30 billion commitment from the World Bank and the African Development Bank, is now underway. ・There ...

World leaders with the Group of 20 rich and developing nations will meet this weekend in Johannesburg for the bloc’s first ...