$30bn Required as Financial Institutes Partner to Provide 300m Africans Electricity The World Bank and African Development Bank (AfDB) have struck a partnership arrangement to boost access to electricity in Africa. The partnership, according to the lenders, would provide at least 300 million people in Africa...

World Bank Board Elects Ajay Banga As President   The World Bank’s board of governors yesterday elected former Mastercard CEO, Ajay Banga, to a five-year term as president, ushering in an Indian-born finance and development expert to revamp the lender to tackle climate change and other...