Tag Archives: World Bank

World Bank warns about utility debt at African Utility Week in Cape Town

Power utilities increasing their borrowings to cover costs, may put these institutions on “a very dangerous slippery slope”, delegates at the Africa Utility Week Conference heard on Tuesday. read more

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WORLD BANK INTERVIEW: Mini and off-grid electricity, especially from sources like solar, offers increasing potential to electrify homes in many rural areas of Sub-Saharan Africa”

Exclusive interview with Lucio Monari, Director, Energy and Extractive Global Practice at the World Bank. He will address the CEO Forum at the upcoming African Utility Week on a World Bank study on the “Financial Viability of Electricity Sectors in Sub-Saharan Africa”. read more

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World Bank to show how Africa’s electricity providers can be profitable and still make electricity affordable at African Utility Week in Cape Town

“Rather than tariff increases, cost reductions are often the best first step towards financial viability”

A new World Bank study presents a sobering assessment of the financial health of electricity utilities in Sub-Saharan Africa, and suggests how utilities can be profitable while extending affordable services for the poor. read more

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Integration Efforts in the EAC

Otavio Veras, Researcher of the NTU-SBF Centre for African Studies read more

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Developing World’s Share of Global Investment to Triple by 2030, Says New World Bank Report

Seventeen years from now, half the global stock of capital, totaling $158 trillion (in 2010 dollars), will reside in the developing world, compared to less than one-third today, with countries in East Asia and Latin America accounting for the largest shares of this stock, says the latest edition of the World Bank’s Global Development Horizons (GDH) report, which explores patterns of investment, saving and capital flows as they are likely to evolve over the next two decades. read more

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Twelve African Energy, Mining and Industry Ministers confirm attendance at the Africa Energy Forum 2013 in Barcelona

A recent report from the World Bank indicated that the GDP of a third of African countries grew by at least 6% last year, despite the estimate that power outages cost African economies on average around 2% pa of their GDP. read more

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Global Trade Partners in the 21st Century

WASHINGTON, May 15, 2013/African Press Organization (APO)/ — Remarks
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IFC to Support Central Bank of Nigeria in Strengthening Sustainable Banking

About IFC

 

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit http://www.ifc.org.
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IFC Promotes Mobile Financial Services in Cote d’Ivoire to Encourage Inclusive Development

ABIDJAN, Côte d’Ivoire, May 14, 2013/African Press Organization (APO)/ IFC, a member of the World Bank Group, and The MasterCard Foundation today convened key financial industry players to build further momentum for mobile financial services in Cote d’Ivoire. The event recognized the market’s enormous potential, especially for increasing access to finance for low income households, small scale businesses and in hard-to-reach areas.
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IFC fait la promotion des services financiers mobiles en Côte d’Ivoire afin de favoriser un développement inclusif

ABIDJAN, Côte d’Ivoire, 14 mai 2013/African Press Organization (APO)/ IFC, un membre du Groupe de la Banque mondiale, et la Fondation MasterCard ont réuni aujourd’hui des acteurs majeurs de l’industrie financière afin de donner un élan supplémentaire aux services financiers mobiles en Côte d’Ivoire. L’événement a permis de souligner le potentiel considérable du marché, notamment pour étendre l’accès au financement aux foyers à faibles revenus, aux petites entreprises et dans les zones difficiles d’accès.
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SA ECONOMIC GROWTH HIT BY MINING SECTOR

Will the Chinese purchase divested mining interests? read more

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Ten African Government Ministers confirm attendance at the 15th Africa Energy Forum 2013: the international forum for Africa’s power sector

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Successful infrastructure project bonds require improved regulatory frameworks, says AfDB study

TUNIS, Tunisia /African Press Organization (APO)/ African countries need to improve their regulatory frameworks in order to ensure the successful launch of African infrastructure project bonds, says a new report launched by the African Development Bank (http://www.afdb.org).
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New IFC Vice President Jean Philippe Prosper Pledges Further IFC Financing in Senegalese Infrastructure Projects

DAKAR, Senegal, May 10, 2013/African Press Organization (APO)/ IFC, a member of the World Bank Group, will further expand its investments in infrastructure in Senegal, as well as continue advising the government on public-private partnerships in infrastructure and other sectors, said Jean Philippe Prosper, IFC Vice President for Sub-Saharan Africa, Latin America and the Caribbean. On the occasion of his first trip since assuming his new position, Prosper highlighted the key role of the private sector in building infrastructure by working alongside national authorities.
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