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…

Source: The World Bank Group |

January 2019 Global Economic Prospects Materials

Key message for Africa is that regional growth is expected to accelerate to 3.4 percent in 2019

The January edition of the 2019 Global Economic Prospects (GEP) was released yesterday in Washington. Key message for Africa is that regional growth is expected to accelerate to 3.4 percent in 2019, predicated on diminished policy uncertainty and improved investment in large economies together with continued robust growth in non-resource…

Source: The World Bank Group |

The Lake Victoria Challenge — Transforming Mobility

UNICEF, the World Food Programme and the World Economic Forum join the Lake Victoria Challenge, an initiative launched by the Government of Tanzania and the World Bank Group

The World Bank, the World Food Programme, UNICEF and the World Economic Forum Centre for the Fourth Industrial Revolution have come together to support the Government of Tanzania in the organization of the Lake Victoria Challenge, an initiative that aims to explore drones as a new mobility model for the…

Source: The World Bank Group |

Africa Loses Billions of Dollars Due to Child Marriage, Says New World Bank Report

Child brides are much more likely to drop out of school and complete fewer years of education than their peers who marry later

Child marriage will cost African countries tens of billions of dollars in lost earnings and human capital, says a new World Bank report launched ahead of the African Union Commission’s second African Girls Summit on Ending Child Marriage taking place in Ghana this week.  According to Educating Girls and Ending…

Source: The World Bank Group |

Sustainable Blue Economy Conference Nairobi, Kenya

This high-level, global conference will bring together about 4,000 participants to identify the economic benefits of healthy waters

World leaders are beginning to recognize the enormous pressures facing our oceans and waters, from plastic pollution to the adverse impacts of climate change. At the same time, governments are committed to develop marine-related economies in an inclusive and sustainable manner for the benefit of all. It is in this…

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Source: The World Bank Group |

World Bank Group Announces L’Afrique Excelle to Support Francophone Africa’s Top Tech Entrepreneurs

L’Afrique Excelle is the Francophone edition of XL Africa, a successful pan-African accelerator launched by the World Bank Group in 2017

The World Bank Group (www.WorldBank.org) announced L’Afrique Excelle, a six-month business acceleration program designed to support the 20 most promising growth stage technology start-ups operating in Francophone Africa. Entrepreneurs will receive mentoring from global and local experts, learn through a tailor-made curriculum, increase their brand visibility, and get access to…

Source: The World Bank Group |

World Bank, Government of Kenya to Discuss Disability Inclusive Education in Africa

It is estimated that fewer than 10 percent of children with disabilities in Africa attend school

The World Bank, in collaboration with United States Agency for International Development (USAID) and UNICEF, will conduct a Technical Learning Session on Inclusive Education from October 23 – 25, 2018 in Nairobi, Kenya. The event is co-hosted by the Government of Kenya. It is estimated that fewer than 10 percent…

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Source: The World Bank Group |

Growth in Sub-Saharan Africa Slower than Expected

Investments in Non-Resource Sectors, Jobs, and Efficient Firms and Workers are Needed

Sub-Saharan African economies are still recovering from the slowdown in 2015-16, but growth is slower than expected, according to the October 2018 issue of Africa’s Pulse, the bi-annual analysis of the state of African economies by the World Bank. The average growth rate in the region is estimated at 2.7…