World Bank Archives

Ghana Clears $1.47bn Energy Debt, Restores Power Sector Guarantees

The Government of Ghana says it has paid a total of $1.47 billion in 2025 to settle long-standing debts in the energy sector, a move officials say has stabilized power…

Africa News Now January 12, 2026

ANN

Activists Light Up Johannesburg Ahead of Historic G20 Summit

Johannesburg’s skyline turned into a glowing protest canvas on Wednesday night as South African artists and global activists projected bold messages onto city buildings ahead of the first-ever G20 summit…

Africa News Now November 20, 2025

ANN Eastern Africa

Deep-Sea Shark Discovery Boosts Comoros’ Race to Protect Oceans Ahead of 2030 Deadline

As global leaders convene at the COP30 climate summit in Brazil, new scientific findings from the depths of the Indian Ocean are underscoring the urgency of meeting the global goal…

Africa News Now November 17, 2025

ANN Central Africa

Angola Marks 50 Years of Independence Amid Ongoing Economic Hardship

Angola is marking the 50th anniversary of its independence from Portugal this Tuesday, November 11, reflecting on both the triumph of liberation and the persistent challenges that continue to shape…

Africa News Now November 10, 2025

ANN West Africa

Ivorian Poet Speaks Truth to Power as Ouattara Seeks Fourth Term Amid Discontent

In the bustling streets of Abidjan, slam poet Placide Konan has become the voice of frustration for many young Ivorians. The 33-year-old performer uses his art to challenge President Alassane…

Africa News Now October 22, 2025

ANN Central Africa Eastern Africa

World Bank Raises Sub-Saharan Africa’s Growth Forecast to 3.8% Amid Lower Inflation and Trade Recovery

The World Bank has revised its 2025 economic growth forecast for Sub-Saharan Africa upward to 3.8%, citing easing inflation, improving trade conditions, and stronger performance in several major economies. In…

Africa News Now October 7, 2025

ANN Eastern Africa

World Bank, IMF Warn Ethiopia’s Debt Crisis

The World Bank and International Monetary Fund (IMF) have sounded the alarm over Ethiopia’s debt crisis, warning that the country’s obligations are now “unsustainable.” In a joint debt sustainability analysis…

Africa News Now September 24, 2025

African Diaspora ANN West Africa

Senegal’s President Faye Deepens U.S. Ties with Focus on Trade, Aviation, and Development

Senegalese President Bassirou Diomaye Faye concluded a series of high-level engagements in Washington, D.C., aimed at boosting Senegal’s economic partnerships and international investment footprint. On the sidelines of a formal…

Africa News Now July 11, 2025

ANN Southern Africa

South Africa Secures $1.5B World Bank Loan to Tackle Infrastructure Crisis and Fuel Green Growth

South Africa has secured a $1.5 billion loan from the World Bank to upgrade its failing transportation infrastructure and accelerate its transition toward a low-carbon economy, the National Treasury announced…

Africa News Now June 24, 2025

ANN Eastern Africa

World Bank Lifts Loan Ban on Uganda Despite Controversial Anti-LGBTQ Law

The World Bank has officially resumed lending to Uganda, ending a nearly two-year suspension prompted by the country’s enactment of one of the world’s harshest anti-LGBTQ laws in 2023. The…

Africa News Now June 5, 2025

ANN West Africa

Nigeria Seeks $21.5 Billion in Foreign Loans to Fund 2025–2026 Budget and Economic Reforms

The Nigerian government has submitted a proposal to borrow over $21.5 billion from foreign and domestic sources as part of its 2025–2026 Medium-Term Borrowing Plan, aimed at addressing fiscal deficits,…

Africa News Now May 28, 2025