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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...

COMPANY NEWS

SANDF missing the communication target

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Former defence and military veterans minister Nosiviwe Mapisa-Nqakula on a number of occasions said words to the effect South Africans have to decide what...