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The Philippines has been reclassified by the World Bank as an upper-middle-income economy. The change reflects a gross national income per capita of $4,850, exceeding the $4,636 threshold.

Riportato dall'IA

The Ethiopian Electric Utility has signed a 3 billion Birr contract with two international firms to upgrade power networks in Ambo, Nekemte and Asosa.

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.

Riportato dall'IA

The World Bank has outlined three regulatory conditions Kenya must meet by June 30 to secure a Ksh96.9 billion budget support loan. The funds will support salaries and daily government operations. The requirements follow Kenya's request for aid amid fuel supply disruptions and external shocks from the Middle East conflict.

 

 

 

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