The 2014 Ebola Crisis in West Africa has been the largest of its kind in recorded history. The crisis with 26,611 confirmed, probable, and suspected cases of Ebola Virus Disease reported in the three most affected countries has claimed 10,611 lives, according to a 15th April 2015 report by the UN Mission. With the crisis […]
The World Bank has spoken out on the reports of alleged financial mismanagement in the different government ministries threatening to take serious action. According to the country manager Ahmdou Moustapha Ndaiye, appropriate action shall be taken in cases where the alleged graft affects the World Bank funding system. Ndaiye says they will carry out independent […]
The World Bank has advised resource rich countries in Sub-Saharan Africa to build strong institutions that promote good governance, rule of law, accountability, and increase transparency so that the natural resources can benefit their citizens. The World Bank further says despite the slowdown in the global economy, Sub-Saharan Africa remains one of the fastest growing […]
The government of Uganda, represented by the office of the prime minister has received financing from the World Bank towards the cost of the second Northern Uganda Social Action (NUSAF2) project. The permanent secretary of the prime minister’s office Pius Birigimana says that the government intends to apply part of the proceeds for the […]
The international auditing group, the independent evaluation group has asked the World Bank to reconsider its governance and anti-corruption strategy. The group says the World Bank should focus more on helping member countries improve their own accountabilities policies and institutions. In report published recently the auditor group say the World Bank focus only on improving […]
The International Finance Corporation and the World Bank has released a report stating that if the best of East African regulations and procedures were implemented across the board, the business regulatory environment in East Africa, as measured by the report, would be comparable to that in Japan. The report, Doing Business in the East African Community […]
Centenary Bank, in partnership with the World Bank Group will today launch a program that will improve Centenary’s agriculture finance capacity to benefit emerging smallholder farmers, and Small and Medium Enterprises (SMEs) in key agricultural value chains. This initiative will provide an example to other financial institutions worldwide on how to successfully and sustainably finance smallholder agriculture. […]
The World Bank Board of Directors approved today a US$120 million credit to improve the reliability of, and increase the access to, electricity supply in the southwest region of Uganda. The five-year project will benefit residential, public, commercial and industrial electricity customers who are currently served by the existing transmission line to but who have been […]