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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 blend economy, a status that
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, rising from $51.6 billion in
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 of detailed spending plans, the
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 expected to make cross-border payments
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 Town on 9 and 10
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 jobs in Greater Antananarivo and
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 expanding the initiative to Gauteng
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 World Bank has said. This
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 change, prompting warnings that poorer
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 access to working capital, one