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CNBC Africa

Ghana overhaul a test for $1 billion World Bank-backed debt

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Ghana’s debt restructuring plans are set to test a $400 million World Bank guarantee which was designed to provide extra security if the West African country failed to pay. Like other smaller, riskier emerging market countries including…
Africa news

World Bank approves $275 million in development support for Zambia

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The World Bank has approved US$275 million in assistance to help Zambia recover from the effects of the Covid-19 pandemic and deal with the fallout from the war in Ukraine. The money is to help Zambia, which is "over-indebted", return…