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World Bank

The World Bank is a multilateral development finance institution that provides loans, grants and technical assistance to governments in low-income and middle-income countries to support economic development and poverty reduction. Established in 1944 at the Bretton Woods Conference, it is headquartered in Washington, DC, and comprises two main institutions: the International Bank for Reconstruction and Development and the International Development Association. The organisation is owned by 189 member countries, which contribute capital and guide policy through a board of governors and an executive board. The World Bank finances projects in infrastructure, health, education, agriculture, governance and climate resilience, often working alongside the International Monetary Fund and regional development banks. It is a major source of development finance for African countries, supporting initiatives ranging from power generation and transport networks to social safety nets and institutional reform. The bank's lending is typically conditional on policy reforms and project performance benchmarks, and it publishes influential research and data on global development trends. In recent years, the World Bank has emphasised climate finance, fragility and conflict, and private-sector mobilisation as strategic priorities. Its activities in the Horn of Africa and Ethiopia have included support for economic reform programmes, infrastructure investment and humanitarian response. The institution plays a significant role in shaping development policy and coordinating donor efforts in partnership with governments, civil society and the private sector.

World Bank News


IFISA's Mohale Rakgate and the IFC's Cláudia Conceição signed a Memorandum of Cooperation to strengthen project preparation, improve bankability, and accelerate the delivery of high-impact infrastructure.
New initiative aims to grow pipeline of ‘bankable’ water and sanitation projects
22nd May 2026 By: Terence Creamer

A newly formed government agency set up to mobilise private sector participation in public infrastructure has concluded a cooperation agreement with the International Finance Corporation (IFC) in a... 


World Bank warns largest energy price surge in four years will drive inflation
15th May 2026 By: Schalk Burger

Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity... 


Transport Minister Barbara Creecy speaking at the launch of the Draft National Rail Master Plan
Draft masterplan outlines R2-trillion vision for restoring rail as ‘backbone’ by 2050
8th May 2026 By: Terence Creamer

The Draft National Rail Master Plan released by Transport Minister Barbara Creecy for public comment outlines an ambitious R2-trillion vision for repositioning South Africa’s underperforming rail... 


Pele Energy Group chairperson Brenda Martin
Africa's energy future cannot be exported, it must be built at home
8th May 2026

Africa stands at a pivotal moment in its development trajectory. With abundant natural resources, a rapidly growing and youthful population projected to reach 2.5-billion by 2050 and accelerating... 


Magazine cover image
AfCFTA shifts from treaty architecture to operational trade system amid persistent frictions
1st May 2026 By: Martin Zhuwakinyu

A quiet shift is under way on the African continent. The African Continental Free Trade Area (AfCFTA), long billed as the most ambitious economic integration initiative since the Organisation of... 


World Bank warns largest energy price surge in four years will drive inflation
28th April 2026 By: Schalk Burger

Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity... 


Smarter water use could feed 10bn, create nearly 250m jobs – World Bank
24th April 2026 By: Natasha Odendaal

Current agricultural water management practices, characterised by overuse in some countries and underuse in others, can only sustainably support food production for less than half the global... 


Can resource nationalism lead to value-adding partnerships in Africa’s critical minerals sector?
Can resource nationalism lead to value-adding partnerships in Africa’s critical minerals sector?
24th April 2026 By: Tracy Klückow

The role of governments in supply chains has become quite topical of late, especially amid the bold moves made by the US to take national ownership of supply chains. In Africa, resource nationalism... 


Cosmo gold project area in Western Australia
Sarama sells WA assets to Riedel, confirms date for Burkina Faso arbitration hearing
21st April 2026 By: Marleny Arnoldi

Vancouver-headquartered Sarama Resources has entered into a binding share sale agreement with ASX-listed Riedel Resources to sell its Cosmo and Mt Venn gold projects, in Western Australia, in... 


A generic image of a farmer carrying a sack
Conflict in Middle East could cost Africa 0.2 percentage points in economic growth in 2026
17th April 2026 By: Lumkile Nkomfe

A joint policy document presented by continental body the African Union (AU) Commission, multilateral development finance organisation the African Development Bank Group (AfDB), regional... 


Basic Fuel Price formula in focus amid dramatic shift in South Africa’s supply sources
Basic Fuel Price formula in focus amid dramatic shift in South Africa’s supply sources
17th April 2026 By: Terence Creamer

The Department of Mineral and Petroleum Resources (DMPR), which is now preparing for a prolonged period of fuel supply and pricing pressure as a result of the damage to energy infrastructure during... 


Appian CEO of critical minerals Paulo Castellari
Appian appoints new CEO of critical minerals
15th April 2026 By: Creamer Media Reporter

Investment adviser to long-term value-focused private capital funds investing in companies in metals, mining and adjacent industries, Appian Capital Advisory has appointed Paulo Castellari as CEO... 


IMF cuts South Africa’s growth outlook amid mounting war-linked energy crisis
IMF cuts South Africa’s growth outlook amid mounting war-linked energy crisis
14th April 2026 By: Terence Creamer

The International Monetary Fund (IMF) has cut its 2026 growth projection for the South African economy to only 1% from a January projection of 1.4%, as it warned that the outbreak of war in the... 


IMF signage
IMF cuts growth outlook, warns of potential global recession if Iran war worsens
14th April 2026 By: Reuters

 The International Monetary Fund cut its growth outlook on Tuesday due to Iran war-driven energy price spikes and supply disruptions and warned that the global economy would teeter on the brink of... 


IEA CEO Fatih Birol
IMF, World Bank, IEA urge countries to stop hoarding energy supplies, imposing export controls
14th April 2026 By: Reuters

The International Monetary Fund, World Bank and International Energy Agency on Monday urged countries to avoid hoarding energy supplies and imposing export controls that could worsen what they... 


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