Source: The World Bank Group |

Restoring Zimbabwe’s Livelihoods, Infrastructure After Cyclone Idai

The cyclone caused estimated direct damages of $622 million and significantly damaged infrastructure, properties, crops, and livestock

STORY HIGHLIGHTS After massive devastation in Zimbabwe from Cyclone Idai, a new World Bank-funded multi-sector operation will advance recovery and resilience building to prevent a development crisis Approximately 270,000 people have been affected, with estimated direct damages of $622 million. The financing will help mitigate the impact of Cyclone Idai…

Source: The World Bank Group |

Five Million Tanzanians to Benefit from Improved Safety Nets

World Bank Approves Funds for Human Capital and Livelihoods Improvements

Over five million Tanzanians, more than half of them women, will benefit from improved social safety nets supported by new financing approved today by the World Bank Board of Executive Directors. The $450 million IDA credit to the Second Productive Social Safety Net Project (PSSN II), implemented by the Tanzania…

Source: The World Bank Group |

Africa's Key Development Partners formalize their commitment to work jointly to help address food and nutrition security in times of climate change

Sub-Saharan Africa's farming sector has grown faster than anywhere else in the world with a 4.6 percent agriculture GDP growth rate from 2000 to 2018

In partnership with the African Union, leaders of four multilateral agencies - The African Development Bank, the Food and Agriculture Organization of the United Nations (FAO), the International Fund for Agricultural Development (IFAD) and the World Bank-- called a high-level meeting with development partners on August 5-6 in Kigali, Rwanda…

Source: The World Bank Group |

Macroeconomic Management Weakens While Social Inclusion Policies Improve Slightly in Africa's Poorest Countries

Debt sustainability concerns on the rise

Africa's poorest countries saw little to no progress on average in improving the quality of their policy and institutional frameworks in 2018, according to the World Bank's annual Country Policy and Institutional Assessment (CPIA) released today. The average CPIA score in Africa's 38 International Development Association (IDA)-eligible countries in 2018…

Source: The World Bank Group |

Tanzania Needs to Urgently Invest in the Health and Education of its Youth – New World Bank Report

The World Bank launched the HCI in October 2018 as part of the new Human Capital Project to encourage countries to invest more and better in their people

Tanzania needs to undertake important and urgent investments to accelerate progress in the health and education of its citizens, especially the youth, if the country is to improve its human capital for sustainable development, according to the latest Economic Update published by the World Bank. In recent years, Tanzania has…

Source: The World Bank Group |

World Bank Supports Recovery Efforts for Cyclone-Affected People in Zimbabwe

The project will target the most affected districts with a focus on immediate interventions to support livelihoods regeneration and restoration

The World Bank Board of Directors approved today a $72 million grant from the International Development Association (IDA) Crisis Response Window (CRW) to the United Nations Office for Project Services (UNOPS) for the Zimbabwe Idai Recovery Project (ZIRP). The financing will help mitigate the impact of Cyclone Idai on the…

Source: The World Bank Group |

Launch of the 12th Tanzania Economic Update

The event will be hosted by Ms Bella Bird, World Bank Country Director for Tanzania, Malawi, Somalia and Burundi

The World Bank cordially invites accredited Members of the Media to cover the breakfast launch of the 12th Tanzania Economic Update: “Human Capital: The Real Wealth of Nations.” The event will be hosted by Ms Bella Bird, World Bank Country Director for Tanzania, Malawi, Somalia and Burundi, and will be…

Source: The World Bank Group |

World Bank Group Debars Universal for General Construction and Trading Company

The debarment makes Universal ineligible to participate in World Bank-financed projects

The World Bank today announced the 15-month debarment of Universal for General Construction and Trading Company (Universal), a company based in the Republic of South Sudan that provides general trade and import-export services, in connection with fraud during the Uganda Teacher and School Effectiveness Project. The debarment makes Universal ineligible…

Source: The World Bank Group |

World Bank Group Announces Settlement with SYSTRA and SAI Consulting Engineering Ltd

The settlement agreement is between the World Bank and both SAI and SYSTRA, a France-based international engineering and consulting group that acquired 65 percent of SAI in 2014

The World Bank today announced the 24-month sanction of India-based SAI Consulting Engineering Ltd (SAI) in connection with corrupt practices during the company’s participation in three projects in Africa: East Africa Trade & Transport Facilitation Project, Mozambique Roads and Bridges Management and Maintenance Project, and the Ghana Transport Sector Project. SAI was sanctioned…

Source: The World Bank Group |

Kenya launches KSh 4.7 Billion financing for Private Sector to provide Solar Solutions in Marginalized Counties

The project targets 277,000 households (approximately 1.3 million people from the 14 marginalized counties)

The government today launched a USD 47 million (KSh 4.7 billion) Facility under the Kenya-Off-Grid Solar Access Project (KOSAP) aimed at spurring the private sector to provide viable solar and clean cooking solutions to about 1.1 million people in the 14 marginalized counties of West Pokot, Turkana, Marsabit, Samburu, Isiolo,…