Tag Archives: World Bank

Washington, United States | AFP | The World Bank announced Wednesday it was deploying another $300 million in crisis aid for DR Congo to help contain the year-old Ebola outbreak. The financing comes after the World Health Organization (WHO) last week declared the current outbreak a Public Health Emergency of International …

Washington, United States | AFP |  At the critical moment of a Hollywood movie starring A-lister Sandra Bullock, Bolivia’s newly-elected president calls in the International Monetary Fund to bail out the poverty-stricken country, violating a campaign promise. The streets erupt in violent protest. The movie, “Our Brand is Crisis,” is …

Abidjan, Ivory Coast | AFP |  Ivory Coast, the world’s largest cocoa producer, earns just a fraction of the crop’s potential value and must process it domestically and develop its distribution to fully reap the benefits, a World Bank report said Thursday. Cocoa accounts for 40 percent of the West African …

Uganda Economic Update: Investing $2 Billion Will Put One Million More Children in School Kampala, Uganda | THE INDEPENDENT | An increase in government spending on education would improve enrollment and the quality of learning in Ugandan schools, raising the human capital necessary to sustain productivity and economic growth, according to the …

Kampala, Uganda | THE INDEPENDENT | Uganda is not spending enough on developing the future productivity of its citizens. Consequently, a child born in Uganda will only be 38 per cent as productive when they grow mainly because they don’t enjoy complete and good quality education and full health, a study …

  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 …

Kampala, Uganda | THE INDEPENDENT | Three garbage trucks have been commissioned by the Minister for Kampala and Metropolitan Affairs, Beti Kamya. Donated by the World Bank funded Lake Victoria Environment Management Project (LVEMP), the trucks were commissioned on Friday morning. The project which supports all countries that boarder Lake …

Kampala, Uganda | THE INDEPENDENT | One of Kenya’s leading independent pension administrators has joined has joined Uganda’s pension after being licensed by Uganda Retirement Benefits Authority. Enwealth Financial services formerly operating as Liberty Pension Services in Kenya joins the liberalized pension sector in Uganda to provide retirement benefits. Unlike National …

Kampala, Uganda | THE INDEPENDENT | Lira municipality has recorded a slight increase in local revenues, thanks to the improved infrastructure under the Uganda Support to Municipality Infrastructure Development- USMID project. The Project, funded by the World Bank has seen key infrastructural installations set up. Roads in the Central Business District …

Bangui, Central African Republic | AFP | “When I decided to come back, my friends took me for a fool,” recounts Clement Ndotizo, who spent a decade in France before returning to settle in his native Central African Republic, one of the world’s least-developed and most dangerous countries. But a “fool”, …