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International Development
Nigeria spent N10trn subsidizing petrol, exchange rates by 2022 — World Bank
The World Bank has revealed that Nigeria spent N10 trillion a year subsidizing petrol and exchange rates by 2022.According to Indermit Gill, Senior Vice President of the World Bank Group, this figure, amounting to $15 billion at the free…
2024 Africa Skills Week Summit Kicks Off
The Africa Skills Week Summit has officially commenced in Accra, gathering over 600 delegates from across the continent to discuss skill development and youth empowerment.
The event, themed “Skills and Jobs for the 21st Century:…
World Bank Lists Top 10 African Nations for Business Climate
The World Bank has released its new data collection and analysis initiative, The Business Ready 2024 report (B-READY), which evaluates the business and investment climate worldwide. This report is the first in a series covering…
Nigeria must sustain 15 years of reforms to ensure impact — World Bank
The World Bank has stated that Nigeria must maintain its ongoing economic reforms for the next 10 to 15 years to establish itself as a leading economic power, not only in sub-Saharan Africa…
Debt Crisis Deepens for the World’s 26 Poorest Nations, Says World Bank – Novinite.com
The 26 poorest countries in the world, which collectively house 40% of the globe's most impoverished population, have accumulated significant debt since 2006. According to a new report from the World Bank, these nations are…
Economies of Ghana, others projected to expand by 4.8% in 2024 – World Bank
Excluding Nigeria, Ghana, and countries in the West and Central Africa are projected to expand by 4.8% in 2024 and 5.1% in 2025-2026.
According to the October 2024 World Bank Africa Pulse…
Cedi, naira among 4 worst performing currencies in Sub Saharan Africa in 2024 – World Bank
The Ghana cedi and three other currencies are the worst-performing currencies in Sub-Saharan Africa (SSA) in 2024, the World Bank’s October 2024 Africa Pulse Report has revealed.…
Wage hike, cash aid slash poverty incidence in Eastern Visayas
Eastern Visayas posted a 20.3 percent poverty incidence last year, lower by 1.9 percentage points from the 22.2 percent posted in 2021, officials reported on Monday.
The reduction means 10,264 more people in Eastern Visayas were lifted…
World Bank boss Ajay Banga shares his insights on achieving work-life balance: ‘Enjoy what you…
Balancing work and life can be challenging for many, and Ajay Banga, World Bank president and former CEO of Mastercard, shared his thoughts on this widely debated issue. Speaking on the complexities of achieving a healthy work-life…
Indonesia Sends Humanitarian Aid to Yemen, Palestine, Sudan
SEAToday.com, Jakarta - The Government of the Republic of Indonesia (RI) will fly aid for disaster victims in Yemen, Palestine and Sudan using airplanes from Base Ops SUMA 1 Halim Perdanakusuma Air Base Jakarta, Monday…