World Bank

Morocco
World Bank looks again at its financial support for second phase of Noor Midelt solar plant

The launch of the Noor Midelt solar energy plant, which was due to take place in 2024, is running late and financing for the second phase of the project has not yet been finalised.

The New Guard
Nigeria, Guinea, Uganda

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

Nigeria Wale Ayeni, African startup financier

Guinea George Nekeon Mamy, Conakry's economic asset in DC

Uganda Resty Namanda, rising star of the Ugandan bar

Central Africa
World Bank's Africa head strengthens his team

World Bank VP Ousmane Diagana has hired French technical cooperation agency Expertise France's deputy CEO Rima Le Coguic. She is expected to join the institution's West and Central Africa division over the next few weeks.

East Africa
World Bank shells out $900m for farming

The money has been attributed to Kenya, Somalia, the Comoro Islands, Malawi, Tanzania and the AU.

Kenya
Ruto stands firm over finance bill

Keen to stay on good terms with international lenders who have recently released new funds, the Kenyan president is reluctant to tinker with his proposed budget, which calls for numerous new taxes and tax hikes.

Comoros islands
The World Bank provides Moroni with extra funds for port renovations

The World Bank is providing an additional $15m to overhaul the three main ports in the Comoros Islands.

Morocco
Tensions emerge during international economic mission

A visit in early June by some fifteen MPs affiliated to the parliamentary network of the World Bank and the IMF laid bare certain rivalries between Morocco's elected representatives.

Nigeria
Engie and Arnergy Solar to hike prices after World Bank ends subsidies

The World Bank has decided not to continue subsidising the installation of solar home systems, despite having touted this as one of the solutions for bringing electricity to the country's rural zones.

The New Guard
Burkina Faso, Morocco, Angola, Ethiopia

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

Burkina FasoJoseph Zagré, housing the middle class

MoroccoAhmed "Spins", the other Akhannouch junior

AngolaVera Daves de Sousa, Lourenço's financial ace

EthiopiaBethleem Tilahun Alemu, the entrepreneur keen to rival Nike

Chad
Déby asks Switzerland to help trigger rebel disarmament programme

Chad junta leader Mahamat Idriss Déby is banking on Bern to help convince donors to finance his country's disarmament, demobilisation and reintegration programme aimed at bringing former rebels back into the fold.

West Africa
Gide, Mazars and Titane compete for fibre optics feasibility study

French firms Gide Loyrette Nouel, Mazars and Titane are currently bidding for a feasibility study contract for an extension of Mauritania's backbone, a major project aiming to equip the country with fibre optics.

East Africa
World Bank's plan to boost connectivity in the Horn

This month, the World Bank approved a $172m grant aimed at improving internet access in South Sudan and Somalia.

The New Guard
Madagascar, Rwanda, Togo

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

MadagascarHasnaine Yavarhoussen, energy transition and arts advocate

RwandaZephanie Niyonkuru, sports ambassador

TogoGuy-Victoire Sanbena, Togolese president's communicator

Chad
Mahamat Idriss Déby calls on Lebanon's Georges Tehini to bolster his electricity production

The deputy secretary general of the president's office, Mahamat Borgou Hassan, has thus invited Cetri's CEO, the Lebanese Georges Tehini to N'Djamena on 17 May to discuss a turnkey photovoltaic power plant project.

Tanzania
World Bank releases $300m to support Samia's agriculture project

Earlier this month the World Bank's board of directors approved a five-year, $300m financing package to boost Tanzanian President Samia Suluhu Hassan's agricultural transformation programme

Madagascar
Rajoelina pulls Eiffage off Sahofika dam project

After years of negotiations between the Madagascan president and the French construction company, the Sahofika hydroelectric power station project is being put out to a new call for tenders.

Central Africa
Washington sides with ExxonMobil and Chevron over BEAC foreign currency rules

Washington has stepped up its efforts to prevent US oil companies from being obliged to repatriate their rehabilitation funds to the CEMAC zone.