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World Bank ups Cyclone Idai support to $700 million

The World Bank increased emergency support for three southern African countries affected by a devastating cyclone that killed hundreds in March to $700 million,...

Mozambique Idai losses estimated at up to $773 million

The World Bank estimates direct economic losses from Cyclone Idai in Mozambique to range from $656 to $773 million, covering damage to buildings, infrastructure...

World Bank and Tanzania to co-operate on education project

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The World Bank will work with Tanzania to redesign a $300 million education project, a senior official said, days after the lender...

World Bank Tanzania loan scrapped

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The World Bank scrapped a plan to loan Tanzania $300 million after the country reaffirmed its policy of banning pregnant girls from...

World Bank accused of belittling Zimbabwe human rights abuses

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Human rights groups slammed the World Bank on Thursday over an internal report on Zimbabwe suggesting it would be a sign of...

World Bank postpones Uganda loan over anti-gay law

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The World Bank on Thursday postponed a $90 million loan to Uganda's health system over a law that toughened punishment for gays,...

World Bank approves $100 million for Central African Republic

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The World Bank's board on Thursday approved $100 million for immediate food, healthcare and other needs in the Central African Republic, which...

Zambia royalty hike unlikely to hurt mines-World Bank

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Zambia's decision to double royalties on copper miners in the continent's largest producer will not cripple the industry at the current strong...

World Bank, Intel to boost joint IT investments

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The World Bank's private-sector lender plans to work more closely with Intel, the world's top chipmaker, to invest in technology firms in...

Zambia turns to World Bank for development funding

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Zambia turned to the World Bank for increased development finance, saying foreign aid and domestic funding was not enough to build the...

Africa, E. Europe gain on World Bank pro-business list

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Morocco showed the biggest improvement as a place to do business this year, leading a surge of business-friendly reforms in Africa and...

African “lions” can still rise: IMF/World Bank

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A global downturn may tone down the roar of Africa's bounding "lion" economies, but they can keep a spring in their step...

World Bank boosts Horn of Africa aid to US$1.88 bln

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The World Bank said it was more than tripling funding to $1.88 billion for a worsening drought in Horn of Africa countries...

Gender equality boosts development, World Bank says

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Gender equality is shrewd economics as well as a human right, the World Bank said in a report that showed countries with...

World Bank chief says world economy in danger zone

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World Bank President Robert Zoellick said the world had entered a new economic danger zone and Europe, Japan and the United States...

World Bank says to help with Libya rebuilding

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The World Bank said it officially recognized the ruling National Transitional Council as Libya's government and had been asked to help lead...

Zimbabwe needs US$13 billion for energy sector – World Bank

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Zimbabwe needs US$13 billion -- about double its estimated GDP -- to revive its dilapidated energy sector, but is still a "long...

World Bank says famine in Horn of Africa is manmade

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The famine in the Horn of Africa is manmade -- the result of artificially high prices for food and civil conflict, the...

KCB gets US$105 mln from World Bank lending arm

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Kenya Commercial Bank (KCB) , the country's biggest lender by assets, has received a US$105 million, seven-year loan from the World Bank's...

South Africa needs new policies for faster growth-World Bank

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South Africa's economic growth will fall far short of the government's goal of 6 to 7 percent unless it changes policies including...

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