Mogadishu, Somalia | Xinhua | The World Bank said it has approved a 70 million U.S. dollar International Development Association (IDA) grant to develop resilient water, agriculture, and environmental services for rural communities in Somalia’s drylands. The Somalia Water for Rural Resilience Project, known as “Barwaaqo” and builds on the Biyoole project, …
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Nairobi, Kenya | Xinhua | The World Bank said it has provided 385 million U.S. dollars in International Development Association (IDA) financing to Horn of Africa countries to tap groundwater potential and boost climate resilience. The World Bank said in a statement issued on Wednesday evening that the Horn of Africa …
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Kampala, Uganda | THE INDEPENDENT | The World Bank has approved a grant of USD 130.8 million (484 billion Shillings), to ease the movement of goods and people in refugee-hosting districts in the West Nile sub-region of Uganda. The funds got from the International Development Agency, IDA will also help and …
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Kampala, Uganda | THE INDEPENDENT | Uganda will get at least 7 trillion shillings from the World Bank for the period between 2021 and 2023, officials have said. The money is part of new funding round that the bank has put aside for the developing countries under the International Development Assistance …
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Kampala, Uganda | THE INDEPENDENT | The World Bank’s Board of Executive Directors approved a grant of $150 million in additional financing from the International Development Association (IDA) to boost an ongoing project to improve access to basic social services, expand economic opportunities, and enhance environmental management targeting both …
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Washington, United States | AFP | The World Bank fund dedicated to helping the world’s poorest countries on Tuesday announced it has raised $1.5 billion in its first-ever global bond issue, which enjoyed huge demand from investors. The International Development Association (IDA) issued a five-year AAA-rated bond which had nearly …
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US$57 billion financing for sub-Saharan Africa promises to boost business Doing business in Rwanda is expected to improve with the visit of World Bank’s President Jim Yong Kim. Kim arrived in Kigali on March 21 for a two-day visit and held discussions with President Paul Kagame and the private sector …
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