Bank

World Bank classification: What this means for Nigeria’s economy

The World Bank has retained Nigeria’s lower-middle-income classification for its 2027 fiscal year and also designated the country as a…

1 month ago

Development banks’ climate pledges hit record, but World Bank pullback looms

Climate finance provided by multilateral development banks (MDBs) to low- and middle-income countries has doubled over the past five years,…

1 month ago

Why World Bank has delayed Sh78bn emergency loan to Kenya

Kenya’s request for an estimated Sh77.5billion ($600million) emergency loan from the World Bank has been delayed due to the lack…

1 month ago

Central African Apex bank joins Africa’s cross-border payment network to boost regional trade

The Bank of Central African States, BEAC, has joined the Pan African Payment and Settlement System, PAPSS, in a move…

2 months ago

Standard Bank Africa Unlocked 2026 To Bring Business Leaders Together

More than 140 business leaders, policymakers, investors and entrepreneurs from across Africa and major international markets will gather in Cape…

2 months ago

World Bank Group approves $225 million to boost urban resilience and jobs in Madagascar

The World Bank Group has approved $225 million in financing for Madagascar to strengthen climate resilience, improve infrastructure, and create…

2 months ago

Standard Bank and DHL Widen Support for Businesses Entering Export Markets

Naledzani-Mosomane_Head-of-Enterprise-and-Supplier-Development_Business-and-Commercial-Banking-at-Standard-Bank-South-Africa Building on the success of last year’s Export Readiness Programme in KwaZulu-Natal, Standard Bank Business and Commercial Banking is…

2 months ago

World Bank warns $113 billion Gulf investment in Africa at risk amid Middle East conflict

Investment momentum from the Gulf to Sub-Saharan Africa, worth about US$113 billion (Sh14.59 trillion), is at risk of slowing, the…

2 months ago

Africa: World Bank Drops Climate Funding Target, Raising Fears for Africa

The World Bank has abandoned its target of directing 45 percent of its financing to projects that help tackle climate…

2 months ago

Absa Bank Kenya and Unilever sign KSh 4bn for SMEs finance

Absa Bank Kenya and Unilever Kenya have signed an agreement for a KES 4 billion financing programme designed to address…

2 months ago