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    • Accelerated Natural Resource Degradation Puts Tanzania’s Development Goals at Risk – New World Bank Report(1)
    • Accelerated Natural Resource Degradation Puts Tanzania’s Development Goals at Risk – New World Bank Report(2)
    • Accelerated Natural Resource Degradation Puts Tanzania’s Development Goals at Risk – New World Bank Report(3)
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Source: The World Bank Group |

Accelerated Natural Resource Degradation Puts Tanzania’s Development Goals at Risk – New World Bank Report

More “traditional” environmental and natural resources challenges include degradation of land and water resources, deforestation, and biodiversity loss

Natural resources form a core pillar of Tanzania’s economy and play a pivotal role in sustaining the livelihoods of its citizens, however a new World Bank report warns that the country has only a rapidly shrinking opportunity to harness these endowments against serious risks posed by rapid population growth, economic…

Source: The World Bank Group |

World Bank Scales Up Emergency Support for Mozambique, Malawi, and Zimbabwe in the Wake of Cyclone Idai

$700 million in support for storm-hit countries

The World Bank today announced that it has mobilized over half a billion dollars in new resources to help people in Mozambique, Malawi, and Zimbabwe affected by the assessed impact of Cyclone Idai. The World Bank is activating the International Development Association (IDA) Crisis Response Window (CRW) to provide up…

Source: The World Bank Group |

World Bank Approves $250 Million to Enhance Access to Affordable Housing Finance for Kenyans

The project will also assist the Ministry of Lands and Physical Planning to improve property registration and address structural constraints in the land management system in Kenya

The World Bank today approved a $250 million International Bank for Reconstruction and Development (IBRD) loan to enhance access to affordable housing finance for Kenyans who are unable to access long-term housing finance. The Kenya Affordable Housing Finance Project (KAHFP) will support the establishment and operationalization of the Kenya Mortgage…

Source: The World Bank Group |

World Bank Launches Human Capital Plan to Propel Investment in Africa's People

Sub-Saharan Africa scores the lowest of all the world's regions on the World Bank's Human Capital Index

The World Bank unveiled a new plan today to help African countries strengthen their human capital. The objective of the plan is to enable Africa's young people to grow up with optimal health and equipped with the right skills to compete in the digitizing global economy. Sub-Saharan Africa scores the…

Source: The World Bank Group |

Stakeholders meet to discuss new World Bank Guidance on Public-private Partnerships (PPPs)

The Government of Tanzania is currently working on developing model documents for small, low-risk PPPs

More than 50 participants from the private sector, banks, legal firms, academia and the public sector gathered at the Golden Tulip Hotel, to share their feedback on the proposed 2019 edition of the World Bank’s Contractual Provisions for Public-private Partnerships (PPPs). “This is a guidance note meant to help governments…

Source: The World Bank Group |

Growth in Sub-Saharan Africa Remains Below Three Percent Three Years After Crisis

Digital revolution can unlock inclusive growth and job creation across Africa

Growth in Sub-Saharan Africa has been downgraded to 2.3 percent for 2018, down from 2.5 percent in 2017, according to the April 2019 issue of Africa's Pulse, the World Bank's bi-annual analysis of the state of African economies released today. Economic growth remains below population growth for the fourth consecutive…

Source: The World Bank Group |

Africa Economic Update

This edition of Africa’s Pulse also takes a closer look at how fragility is holding countries back, and the role of digital transformation in eradicating poverty

Economic recovery in Sub-Saharan Africa weakened in 2018, according to the latest edition of Africa’s Pulse, the World Bank’s bi-annual analysis of the state of African economies. Despite a slower-than-expected overall recovery, several economies saw growth pick up in the final quarter of 2018. This edition of Africa’s Pulse also…

Source: The World Bank Group |

World Bank Group Announcements at One Planet Summit

Ambitious new plans to scale up climate action in Africa include $22.5bn in new finance

The World Bank Group today made several announcements to scale up support for both climate adaptation and mitigation in Africa during the third One Planet Summit. The summit is being convened by President Uhuru Kenyatta of Kenya, President Emmanuel Macron of France, Interim President of the World Bank Group, Kristalina…

Source: The World Bank Group |

Tanzania Could Reap Huge Economic Benefits by Ending Child Marriage and Expanding Education for Girls, Says New World Bank Report

The report is one of several country studies prepared by the World Bank following up on global and regional studies on the economic impacts of low educational attainment for girls and child marriage

Educating girls and ending child marriage could accelerate development progress and the reduction of poverty in Tanzania, according to a new report published by the World Bank. In contrast, the perpetuation of child marriage and the lack of education for girls would lead to lower earnings for women, substantial health…

Source: The World Bank Group |

World Bank Group unveils Creditworthiness Academy for Counties

The Academy is part of the World Bank Group’s Mobilizing Finance for Development agenda

The World Bank Group, in collaboration with the Commission for Revenue Allocation today launched County Creditworthiness Academy, an intensive one-week capacity building workshop for County government financial officials and the central government staff to master the underlying principles of creditworthiness. The Academy is part of the World Bank Group’s Mobilizing…