Tag Archives: World Bank

Kampala, Uganda | URN | The World Bank and its partners have banned three PricewaterhouseCoopers (PwC) subsidiaries in Africa from their projects for 21 months over corruption charges admitted by the firms. ‎ ‎The trouble for PwC Associates Africa Ltd based in Mauritius, PwC Limited Kenya, and PwC Rwanda Limited …

JUBA | Xinhua | South Sudan is set to face profound economic and humanitarian challenges due to dwindling donor assistance and humanitarian funding, according to two new reports released by the World Bank on Thursday. “Official development assistance coming from other countries into South Sudan in 2025 was half the …

  The World Bank projects that poverty will keep falling through 2026 and 2027, extending a trend that resumed as growth picked up Kampala, Uganda | THE INDEPENDENT | Uganda is positioning itself for another phase of strong economic expansion as policymakers seek to lock in recent gains while tightening …

KAMPALA, UGANDA | Xinhua | Uganda will receive more than two billion U.S. dollars in new concessional financing from the World Bank over the next three financial years to support the East African country’s development agenda, a senior government official said Tuesday. Ramathan Ggoobi, permanent secretary and secretary to the …

E-transactions regulations typically require secondary legislation setting out the government bodies or private entities that can issue digital signatures, the report explains   NEWS ANALYSIS | JENNY MESSENGER | The results of a digital trade initiative in Africa show the continent has made progress, but barriers to paperless trade persist, according …

BEIRUT, LEBANON | Xinhua | Lebanese Finance Minister Yassine Jaber on Tuesday signed a 250 million U.S.-dollar loan agreement with the World Bank to support reconstruction of infrastructure damaged in recent Israeli attacks, the Finance Ministry said in a statement. The deal will establish a fund to rebuild essential infrastructure, …

NEWS ANALYSIS | IAN KATUSIIME | The World Bank has named Francisca Ayodeji (Ayo) Akala, a Nigerian national, as the new Country Manager for Uganda effective August 1, 2025. She will lead a country portfolio currently worth $4.5 billion, which includes 18 active projects that cover sectors ranging from energy access …

Entebbe, Uganda | THE INDEPENDENT | The World Bank has named Francisca Ayodeji (Ayo) Akala, a Nigerian national, as the new Country Manager for Uganda, effective August 1, 2025. She replaces Mukami Kariuki, who has completed her four-year tour of duty. ‎‎ Akala will lead a country portfolio currently worth $4.5 billion, …

Kampala, Uganda | THE INDEPENDENT | Uganda’s economy reportedly loses billions of dollars annually due to reduced productivity, according to various reports. A major contributor to this loss is traffic congestion. A World Bank report estimates that at least US$800 million—equivalent to nearly 3 trillion Ugandan Shillings—is lost each year as commuters …

Kampala, Uganda | THE INDEPENDENT | The Government of Uganda has received 170 Billion Shillings being part of the World Bank financing for the manufacturing and export value chains through the INVITE Trust. The INVITE (Investment for Industrial Transformation and Employment) Project is a Government of Uganda (GoU) initiative financed by …