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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
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 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
Tanzania’s sole billionaire seeks a $100 million role in Africa’s richest man’s $17 billion project
The Tanzanian billionaire recently disclosed his intentions to invest $100 million in Dangote’s planned refinery in Kenya. “I have spoken to Aliko; what
Kenya Pension Schemes Post Record KSh16.6 Billion Capital Gains | Dawan Africa
Kenya July 8 2026 – Kenya’s pension industry posted a record KSh16.6 billion in capital gains from the sale of government bonds and listed shares
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
Kenya signs $1.2 billion deal with Chinese firm to expand Nairobi airport
A general view shows of the Jomo Kenyatta International Airport, in Nairobi, Kenya September 10, 2024. REUTERS/Thomas Mukoya NAIROBI, June 24 (Reuters) – Kenya’s government has signed a
Kenya overhauls disaster financing after Sh188 billion flood losses stall economic recovery
The government is overhauling its disaster financing system after floods in 2023 and 2024 caused losses estimated at Sh187.82 billion and slowed Kenya’s economic recovery.
Kenya Unveils Ksh 29.4 Billion AFCON 2027 Plan as Preparations Gather Pace
President William Ruto has committed Sh29.4 billion in the Finance Bill 2026 to boost Kenya’s preparations for AFCON 2027. Kenya is accelerating its preparations to
Who are the 11 Black Fortune 500 CEOs leading companies worth $432 billion?
Thasunda Brown Duckett says she learned everything she needed to know about being a CEO at a young age. The 52-year-old TIAA CEO told Wharton