World Bank announces $57B in financing for Africa
(From left) Japanese Prime Minister Shinzo Abe arrives with German Chancellor Angela Merkel at the official opening of the CeBIT technology fair in Hanover . long-standing global principles surrounding free trade, refusing to renew past anti-protectionist pledges and threatening to reopen negotiations on World Trade Or
Since taking office, Trump has withdrawn the US from a trans- Pacific free trade pact and attacked export giants China and Germany over their massive mated that the tie-up would command a revenue market share of 43 percent by the start of the 2019-20 financial year, ahead of Airtel on 33 percent. Jio would have 13 percent.
Indian telecoms analyst Baburajan Kizhakedath said the two companies would make savings by merging but would come under pressure to reduce tariffs.
“The merged entity will not be able to withstand pressure from Jio because both Vodafone and Idea Cellular are not seen as aggressive as Jio and Bharti Airtel,” he told AFP.
The announcement is the latest move towards consolidation as telecom companies in India scramble to shore up their status or cut their losses and run in the face of Jio’s price war.
Norwegian multinational Telenor announced last month that it was selling up to Airtel, saying the amount of money needed to be competitive in the multibillion-dollar sector would not offer an acceptable level of return.
The World Bank on Sunday (Monday in Manila) - ing for sub-Saharan Africa over the
Of that total, $45 billion will come from the International Development Association, the World Bank fund that provides grants and interest-free loans for the world’s
The package will also feature an estimated $8 billion in private sector investments from the International Finance Corporation, a private-sector branch of World Bank, and $4 billion will come from the International Bank for Reconstruction and Development, the bank’s unit for middle-income nations, World Bank president Jim
Germany, which hosted a meeting of the G20 countries Friday and Saturday, said that a partnership called “Compact with Africa” would be a priority of its presidency this year of that club countries in Africa, only South
“This represents an unprecedented opportunity to change the development trajectory of the
“With this commitment, we will work with our clients to substantially expand programs in education, basic health services, clean water and sanitation, agriculture, business climate, infrastructure and
Kim left for Rwanda and Tanzania on Sunday in a show of World
International Development Association will target 448 projects that are already underway in accounts for more than half of the countries eligible for this