The World Bank guaranteed the government of Angola with financing package for the implementation of the BITA Water Supply Project, which has the objective to develop water supply infrastructure that will provide water to urban and peri-urban belts of Luanda. Read more.
Tags : world bank
With the objective being to pluck Zambia out of its protracted debt crisis, the country’s newly appointed Finance Minister Situmbeko Musokotwane, last week on Friday made a pledge to conclude talks with the International Monetary Fund (IMF) on matters of lending programme by October. Read more.
Zimbabwe’s official year on year inflation rate for the month of July 2021 as measured by the all items Consumer Price Index (CPI) slowed to 56,37 % from 106,64% in June, the Zimbabwe National Statistics Agency (ZimStat) has said.
Nearly 5 % of businesses reported to have permanently closed in Zambia since the onset of the COVID-19 pandemic in early 2020, a new World Bank survey has revealed. Read more.
Zimbabwe tourism sector is expected to bounce back at the average annual growth of 6 % for both international and domestic tourism market amid government intervention with a $5.8 million scheme to support tourism industry. Read more.
The World Bank has revised up 0,2% real GDP growth for sub Saharan Africa with expectations for an estimated 2,3% in 2021 and 3,1% in 2022 as higher commodity prices expected to rise due to an uptick in global demand for commodities. Read more.