World Bank
The World Bank has projected that South Sudan will lead Africa's fastest economic growth in 2026. This forecast stems from the resumption of oil production to pre-war levels and economic stabilization. The country's GDP is expected to expand by 48.8 percent.
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Criminal activities on farmlands in northern Nigeria risk derailing a $500m World Bank agricultural support programme. Stakeholders from various states warned that inconsistent government policies could undermine the AGROW initiative's effectiveness. At a workshop in Kano, calls intensified for addressing security issues and curbing food imports.
The ports of Port Elizabeth and Ngqura in Nelson Mandela Bay have shown signs of improvement, yet they remain among the world's worst-performing container ports according to the World Bank's latest index. Business leaders highlight ongoing challenges in efficiency and call for better cooperation with road hauliers. Transnet reports measurable gains from its recovery efforts.
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Ethiopia's Finance Minister Ahmed Shide announced significant technical and financial support from the World Bank during meetings in Washington DC. This aid aims to strengthen the country's economy and create job opportunities. The bank is backing various reform projects.