Tag Archives: the World Bank

World Bank

Nigeria: Energy Ministry Seeks World Bank Assistance

Nigeria: Energy Ministry Seeks World Bank Assistance

The Nigerian Minister of Power, Works and Housing, Babatunde Fashola, has announced that government intends to meet with the World Bank in efforts to bring stability to the sector. According to local media THISDAY, Fashola said the meeting with the financial institution will be focused on finding solutions to the financial challenges of the power


IFC Lists Challenges to Power sector, Pledges Financial Support

THE International Finance Corporation, IFC, a member of the World Bank Group, has said that the challenge with the Nigeria’s power sector is not limited to financial liquidity, but also involves other sectorial issues. Speaking during the 5th Annual Powering Africa Nigeria Conference in Abuja, the IFC Country Manager in Nigeria, Essien Lore, said: “In


World Bank Approves US$27 Million Energy Agreement for Rural Liberians

The World Bank has approved a new US$ 27 million financing agreement meant to increase access to affordable, reliable electricity and foster the use of renewable energy in Liberia. According to a press release, this agreement comprises of a US$25 million grant from the Strategic Climate Fund to scale up the Renewable Energy Program and


World Bank Endorses Financial Aid for Liberian Energy Projects

On Monday, the World Bank announced that it has endorsed a new funding contract that is worth a total of $27 million, which will be aimed at fast-tracking access to affordable and reliable electricity in Liberia. The treaty consists of a $25 million grant from the Strategic Climate Fund Scaling Up Renewable Energy Programme and


Morocco to Build World’s Largest Concentrated Solar Power Plant

It may be famous for its meandering medinas and the scenic Atlas Mountains, but Morocco might soon make its name as a solar superpower. The north-western African nation is building the world’s biggest concentrated solar power plant, which will supply electricity to 1.1 million Moroccans by 2018, according to the World Bank. The plant is

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