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ICT key to Kenya’s growth
ICT is key to a continued economic growth for Kenya. This is the sentiment of the World Bank’s top Kenya representative Johannes Zutt. Zutt was addressing official delegates during the opening of a new Media Lab, funded by the bank.…
Soros firm in Nigerian telecom dispute
A British newspaper reported that a private equity firm backed by George Soros, is currently in a dispute with the Nigerian government over mobile phone towers in the country. According to the UK’s Telegraph, Helios Investment Partners, currently headed by…
Technology to boost reconstruction of Southern Sudan
Google and the World Bank have joined hands towards supporting development in the war ravaged South Sudan with Diaspora-driven Mapathon. Following many years of civil war, Google and the World Bank have joined forces to train 60 South Sudanese in…
Nigeria to receive $79m telecoms investment
IHS Nigeria Plc (IHS) and Investec Asset Management, the International Finance Corporation (IFC), a member of the World Bank Group, and the Netherlands Development Finance Company (FMO) have concluded an agreement worth US$79 million (N11.9 billion). This agreement forms part…
World Bank to boost Broadband in Africa
The World Bank announced three major projects across Africa aimed at boosting information communications technology (ICT) infrastructure and access. The 71.5 million dollar projects are aiming to help buttress services in Liberia, Sierra Leone and the Democratic Republic of Sao…
Helios Towers Africa gets $25m from IFC
International Finance Corporation (IFC), a member of the World Bank Group, on Wednesday announced a $25 million equity investment in Helios Towers Africa Limited (HTA) to help the company build and maintain mobile phone towers in several countries across sub-Saharan…
World Bank approves Central African Backbone project
The Executive Board of Directors of the World Bank Group has announced its endorsement of the $215 million, ten-year Central African Backbone Program (CAB Program).
World Bank commits US$50 million more to ICT in Nigeria
According to an article on www.thestandard.com, the World Bank has agreed to commit US$50 million to Information & Communication Technology (ICT) infrastructure development, connectivity, skills development and capacity building in Nigeria.
Study highlights need for infrastructure development in Kenya
A study called “Africa’s Infrastructure: A time for transformation” has highlighted the need for investment in Kenya’s ICT and Energy infrastructure to elevate the country’s status to that of “middle-income”.
Uganda ICT project gets US$75 million injection
Uganda has received a pledge of a US$75 million investment into its Rural Transformation project from the World Bank.
Amid crisis, policymakers embrace mobile banking to reach unbanked poor
Despite regulatory challenges and the financial crisis, policymakers are embracing mobile banking as a means of providing financial access to the unbanked poor. More than a billion people worldwide lack bank accounts, but do have mobile phones, providing a dramatic…
Cyber crooks hit World Bank
The computer network used by the World Bank Group has suffered a series of at least six intrusions since mid-2007, according to a report. The World Bank Group was first notified of the intrusions by the FBI in September 2007,
World Bank’s chief economist for Africa launches blog
Shanta Devarajan, the World Bank’s chief economist for Africa, will launch a blog, AfricaCan.org, which will serve as an online forum for sharing ideas on Africa’s development. The objective of AfricaCan is to promote conversation and analysis on issues of…
