Tag Archives: Bank

Kenya: World Bank Warns On Slow Trickle Down of Cheaper Oil Price

By Lola Okulo Kenya’s economy could expand by six per cent this year, the World Bank has forecast, but sluggish transmission of lower oil prices locally could reduce anticipated growth to 5.6 per cent. In its Kenya Economic Update released yesterday, the lender revised the country’s growth outlook from an earlier projection of 4.7 per […]

Senegal: World Bank Group Finances 96 megawatt Tobene Power Plant in Senegal

press release The World Bank Group today signed agreements for the Tobene Independent Power Project in Taiba Ndiaye in Senegal. These included a 93.4 million euro financing agreement arranged by IFC and a $ 40 million equivalent IDA partial risk guarantee project agreement. The project will provide power to over one and half million residents […]

Ethiopia: World Bank Approves Loan for Geothermal Project

The World Bank’s board of directors, based in Washington DC, US, has approved two hundred million dollars of credit for the Ethiopian government to develop its potential geothermal sites at Aluto and Alalobad, in the rift valley of Afar Regional State, on Thursday, May 29, 2014. The loan will be financed by the International Development […]

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