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Business and Economy

Euromoney names Zenith Africa’s best bank, Nigeria’s top lender – Businessday NG

Zenith Bank Plc has secured dual honors as Africa’s Best Bank and Nigeria’s Best Bank at the recent Euromoney Awards for Excellence, cementing its position

Standard Bank Connects Malawian Entrepreneurs to New African Markets
Business and Economy

Standard Bank Connects Malawian Entrepreneurs to New African Markets

Hiwa, MD of Infracon Limited BLANTYRE, Malawi — Standard Bank plc has connected three Malawian entrepreneurs to new business and investment opportunities after facilitating their

World Bank Extends $1.5 Billion Loan to South Africa to Fast-Track Infrastructure Reform
Business and Economy

World Bank Extends $1.5 Billion Loan to South Africa to Fast-Track Infrastructure Reform

“South Africa has shown that sustained reform can turn around even deep-seated infrastructure crises,” said Satu Kahkonen, World Bank Group Division Director for South Africa. “By extending this

Africa’s largest economy secures $1.5 billion World Bank loan to fix power, ports and water infrastructure
Business and Economy

Africa’s largest economy secures $1.5 billion World Bank loan to fix power, ports and water infrastructure

The financing, approved by the International Bank for Reconstruction and Development (IBRD), comes as Africa’s largest economy pushes ahead with structural reforms aimed at

World Bank, Visa Foundation Launch Initiative to Boost Women-Led MSMEs in
Business and Economy

World Bank, Visa Foundation Launch Initiative to Boost Women-Led MSMEs in

The Abia State Government has reaffirmed its commitment to building a technology-driven economy as it hosted the Southeast Regional Activation of the Africa Innovation Foundry

World Bank-backed programme to release $27 million in performance incentives to Nigeria
Business and Economy

World Bank and GPE-backed $552 million education program launches to train 500,000 teachers and educate 29 million Nigerian children

Nigeria launched a $552 million basic education programme on July 16, 2026, which is co-financed by the World Bank and the Global Partnership for Education

World Bank Group Africa Fellowship Program 2027 for Ph.D. students & recent graduates (Fully Funded to Washington, D.C. or a WBG country office)
Business and Economy

World Bank Group Africa Fellowship Program 2027 for Ph.D. students & recent graduates (Fully Funded to Washington, D.C. or a WBG country office)

1 Application Deadline: August 25, 2026 Applications are now open for the 2027 World Bank Group Africa Fellowship Program. The Africa regions of the World

African Bank warns it may cut 1 200 jobs and close 90 branches
Business and Economy

African Bank warns it may cut 1 200 jobs and close 90 branches

African Bank says it may close about a quarter of its branches and shed more than 1 000 jobs as it contends with cost pressures.

Bank of America says there's an emerging 'shock risk' for stocks as another dot-com signal flashes
Business and Economy

Bank of America says there’s an emerging ‘shock risk’ for stocks as another dot-com signal flashes

The bank said on Tuesday that there’s risk of a fresh “shock” emerging for markets, pointing to one divergence that’s appeared lately in stocks.

World Bank Explains Delay in Approving Kenya’s Ksh77.5 Billion Emergency Loan
Opinion

World Bank Explains Delay in Approving Kenya’s Ksh77.5 Billion Emergency Loan

Welcome to the Money News Roundup. Today, we explain why the World Bank has delayed approving Kenya’s Ksh77.5 billion emergency loan request. We also cover