World Bank

$100m to boost Ghana's Industrial Parks

Ghana is due to receive $75 million from World Bank and £20 million (USD $25m) from UK Department for International Development to develop industrial parks. ... Full story

World Bank downgrades growth in Sub-Saharan Africa

The World Bank has cut its 2019 growth forecast for sub-Saharan Africa to 2.8% from an initial 3.3%, it said on Monday. ... Full story

Slow Infrastructure funding grips Sub-Saharan Africa

One of the issues that remains a perpetual bugbear in Africa, is slow infrastructure spending to unlock the continent’s economic growth potential, research shows ... Full story

Sub-Saharan Africa economic growth slips further from target

The latest report from World Bank shows economic growth in sub-Saharan Africa is likely to slip to 1.6% this year, the lowest level in more than two decades — as one of the world’s fastest-growing frontiers continues to lose steam because of overdependence on oil and commodity exports. ... Full story

SA’s largest property group secures $40m funding to invest in African venture

South Africa’s largest property group, Growthpoint Properties which controls a portfolio valued in excess of $6.5bn (R100bn ZAR), has secured $40m (R606m) finance facility with the International Finance Corporation (IFC). ... Full story

Fighting keeps Burundi Real Estate in the past

Burundi’s real estate market has been stifled by unrest in the country for decades. Currently rebels in the country are trying to oust the country’s President Pierre Nkurunziza. ... Full story

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