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.

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

Africa’s richest countries in 2024, based on World Bank nominal GDP per capita figures, reflect both progress and persistent disparities ...

These days, with wealthy nations sharply reducing their spending on aid to the poorest countries — in the case of the United ...

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 ...

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 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 ...

Africa’s economic growth is hinging on creating 1 billion jobs by the end of the century. Where will it find them?

Nigeria's SMEs could achieve more than double their growth rates with equity financing, a new report by the World Bank Group ...

The European Bank for Reconstruction and Development, a multilateral development investment bank, has set its sights on a new ...