World Bank

World Bank: Access to the club of high-income countries difficult

World Bank Group classifies the world's economies[1] into four income categories: low, lower-middle, upper-middle and high. Categories are updated annually…

August 5, 2024

World Bank: Africa needs $ 12 billion to spread the Covid 19 vaccine

The World Bank has pledged $ 12 billion to developing countries, supporting vaccination programs that have failed to keep pace…

April 6, 2021

Governments and agencies stop subsidizing Somali government

According to Caasimada online media, there are reports that the Somali government has been cutting off funding from organizations and…

March 15, 2021

COVID-19: World Bank Calls For Swift Coronavirus Action In Africa

The World Bank has demanded swift Coronavirus response from health agencies all over the world particularly in Africa due to…

January 6, 2021

Nigeria: Ngozi Okonjo-Iweala in final race to become WTO boss

The World Trade Organization (WTO) said on Thursday South Korea's trade minister and a Harvard-trained former Nigerian finance minister were…

October 9, 2020

Economic distancing: 60 million face extreme poverty – World Bank

The coronavirus pandemic and its economic consequences could push as many as 60 million people into extreme poverty. The World…

May 21, 2020

World Bank predicts sub-Saharan Africa recession in 2020

Sub-Saharan Africa is expected to go into recession this year due to the coronavirus pandemic. This is according to a…

April 17, 2020

Kenya secures $50m coronavirus loan from World Bank, cases hit 110

Kenya’s request to the World Bank for $50m to fund containment efforts of the coronavirus pandemic has been approved according…

April 2, 2020

Coronavirus, a global issue – IMF, Heads of the World Bank

The International Monetary Fund, (IMF) and World Bank Group on Wednesday announced other measures to curb the impact of the…

March 6, 2020

World Bank update, a reminder of our plan for growth

For the first time, Uganda’s major external funding partner, the World Bank, in its 14th Uganda Economic Update, emphasised Social…

March 3, 2020

World Bank In Talks With Nigeria Over New $2.5 Billion Power Project Loan

The World Bank says it is in talks with the Nigerian government for a $2.5 billion loan to resolve the…

September 21, 2019

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