World Bank
World Bank Global Director Arturo Herrera Gutierrez stressed the need to better measure state assets during talks with Egyptian officials on public finance reforms.
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Kenya Railways has cancelled an international tender for 24 air compressors for Diesel Multiple Unit trains under the World Bank's Ksh65 billion Kenya Urban Mobility Improvement Project. The corporation announced the cancellation on April 28, 2026, just 12 days before the May 11 bid submission deadline. No detailed reasons have been provided publicly.
The World Bank has committed to helping Kenya mobilize up to $1.35 billion for its affordable housing program to address a severe housing deficit and improve access to cheaper mortgages. This includes a direct concessional loan and support for additional funding from commercial lenders. The initiative aims to support President Ruto's housing efforts amid growing urban demand.
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Egypt will adopt the World Bank’s Human Capital Report as a roadmap for government policy, aligning national development strategies with global human capital indicators and long-term sustainability goals, Minister of Health and Population Khaled Abdel Ghaffar announced on Wednesday. The announcement came during a meeting of the Human Development Ministerial Committee at the Health Ministry’s headquarters in the New Administrative Capital. The report will guide the committee’s upcoming work and identify policy priorities across education, health, and social protection.