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Zimbabwe receives 175 MVA transformer
Zimbabwe has successfully taken delivery of a 175 MVA transformer which will significantly improve the quality and reliability of power supply in the region.
The IMF approves US$638 million loan to Benin
The IMF Executive Board has approved a US$638 million loan to Benin. This loan from the IMF is ring fenced to help the government finance the country's National Development Plan (2018-25).
Uganda Gold Discovery To Unlock New Economic Opportunities
The Ugandan government has announced the discovery of significant gold reserves that could unlock exceptional new economic opportunities.
African Development Bank Extends Funding for Kenya’s Economic Recovery
The African Development Bank (AfDB) has approved an additional €89 million in financing to support Kenya's economic recovery and improve the environment for infrastructure development.
Benin Water Programme for Rural Communities
The Benin Rural Water Supply Universal Access Programme is set to continue, after receiving $250 million in funding from the International Development Association.
Can Kenya solve its housing problem?
Kenya is struggling with a massive housing problem. Kenya needs to build approximately 250,000 houses per year to keep up with the growing demand. Kenya’s housing problem provides extensive opportunities for investment in construction.
The Economic Community of West African States (ECOWAS) Infrastructure Master Plan: An Update
The Economic Community of West African States (ECOWAS) Infrastructure Master Plan intends to significantly contribute to the satisfaction of the entire demand of the sub-region by optimally developing the available resources within the ECOWAS Member States.
World Bank Approves Grant for Ethiopia Groundwater Resilience Project
On 17 June 2022, Ethiopia's Ministry of Finance announced that the World Bank had approved a large-scale grant for Phase 2 of Ethiopia’s Groundwater Resilience Project. The World Bank grant totals $210 million.
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IMF Releases Immediate Financial Assistance to Senegal
The International Monetary Fund (IMF) has approved the immediate release of approximately US$215.78 million (SDR 161.82 million) in financial assistance to Senegal. This financial assistance is provided to support the country’s economic recovery, in the wake of the COVID-19 pandemic.
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