World Bank
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.
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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.
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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.
Egypt discusses executive framework for foreign direct investment strategy
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tirsdag, 2. juni 2026, 21:24Kenya announces plans for two new western highways
onsdag, 20. mai 2026, 04:55Egypt discusses infrastructure financing mechanism with World Bank
fredag, 17. april 2026, 06:35C40 report promotes private investment for city climate adaptation
torsdag, 2. april 2026, 14:14World Bank praises Ethiopia's state enterprises as job creators
onsdag, 4. mars 2026, 03:54World Bank president visits housing for all Egyptians project in 10th of Ramadan City
onsdag, 21. januar 2026, 19:16South Sudan expected to lead Africa's fast economic growth in 2026
tirsdag, 13. januar 2026, 14:57Insecurity and food imports threaten World Bank's $500m agriculture intervention in northwest