Economy FeaturedUkraine to get $700 million as emergency aid from World Bank groupIFM CorrespondentMarch 8, 2022 by IFM CorrespondentMarch 8, 2022 The financial support comes in the form of loans, guarantees, and grants.... Read more
Economy FeaturedGCC economies poised to grow 2.6% in 2021: World BankIFM CorrespondentDecember 3, 2021 by IFM CorrespondentDecember 3, 2021 The report mentioned that the growth will continue in 2022... Read more
Energy FeaturedLow-income countries might see inflation as energy prices increase: World BankIFM CorrespondentOctober 26, 2021 by IFM CorrespondentOctober 26, 2021 Energy prices are expected to increase by more than 2% in 2022... Read more
Economy FeaturedIFC invests $10.4 bn in the private sector of MENAWebAdminAugust 25, 2021 by WebAdminAugust 25, 2021 The funds will help thousands of small businesses gain access to finances, trading, and partnership... Read more
Economy FeaturedGCC economies to grow by 2.2% this year: World BankWebAdminAugust 6, 2021 by WebAdminAugust 6, 2021 In 2020, the GCC countries saw a GDP contraction of 4.8% due to Covid-19 pandemic and lower oil prices... Read more
Featured FintechFintechOS bags $10 mn funding from World Bank to expand its businessWebAdminAugust 6, 2021 by WebAdminAugust 6, 2021 The funding comes as a part of the company’s latest Series B funding round that was announced in April this year... Read more
coverstory Economy MagazineHow can the world get back on its feet?WebAdminJuly 30, 2021August 2, 2021 by WebAdminJuly 30, 2021August 2, 2021 Vaccination is key for global economic recovery but vaccine disparity is now a growing concern that needs addressal... Read more
Economy FeaturedKenya secures $130 mn from World Bank to fight Covid-19WebAdminJune 30, 2021 by WebAdminJune 30, 2021 This aid will help Kenya to procure more Covid-19 vaccines through the African Vaccine Acquisition Task Team (AVATT) initiative... Read more
Business Leaders FeaturedIFC appoints World Bank’s former vice presidentWebAdminFebruary 22, 2021 by WebAdminFebruary 22, 2021 Makhtar Diop will be the first African to lead the International Finance Corporation... Read more
Banking FeaturedEcobank Transitional appoints Herve S. Assah as non-executive directorPritam BordoloiFebruary 11, 2021 by Pritam BordoloiFebruary 11, 2021 Mr Herve S. Assah has served in senior positions for more than two decades at the World Bank and has been managing partner of Aequaria Capital... Read more