Tag: world bank

Studies to begin philanthropy with Pan-African perspective

Studies to begin philanthropy with Pan-African perspective

| March 22, 2016

(GIN)—Bill Gates, Bono, the Ford Foundation and the World Bank, among others, are well-known supporters of development projects in Africa. But, that’s hardly the full list. A report on international giving by the Foundation Center found that approximately $255 million to Africa came from U.S. foundations in 2010. Compare that to the $40 billion that […]

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Trouble ahead for Nigeria as oil profits plummet

Trouble ahead for Nigeria as oil profits plummet

| February 2, 2016

(GIN)—Tumbling oil prices have been a gift to some but they’ve blown a huge hole in Nigeria’s balance sheet which some fear may set the once promising African economy into a tail spin. What could be worse than finding you have a trillion dollar budget gap and an insurgent group that threatens to hit whatever […]

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World Bank unveils ambitious climate business plan for Africa

World Bank unveils ambitious climate business plan for Africa

| December 1, 2015

(GIN)—“Africans had the least responsibility for putting carbon in the air and yet they’re feeling the brunt of climate change.” That was the view expressed by World Bank President Jim Yong Kim at the launch of the 21st climate change conference—known as COP21—opening this week. He added: “We want to make sure Africa is not forgotten […]

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Is democracy overrated?

Is democracy overrated?

| April 4, 2015

By Lekan OguntoyinboNNPA ColumnistLong before China and India became the economic wonders of Asia, there was Singapore, a small, diverse country with no natural resources that took the audacious step of breaking away from the Malaysian federation in 1965 to become an independent nation.Lee Kuan Yew, the new country’s founding father, knew that the odds […]

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UK dysfunction slows Ebola cleanup, Sierra Leoneans say

UK dysfunction slows Ebola cleanup, Sierra Leoneans say

| December 10, 2014

(GIN)–An investigative news report has confirmed suspicions among some Sierra Leoneans that the UK is failing to get a handle on an effective response to Ebola while new infections are rising at the rate of almost 100 new cases a day. “Why are the British here?” fumed one newspaper in a headline. “To end Ebola, […]

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World Bank in bid to put Lagos water in private hands

World Bank in bid to put Lagos water in private hands

| October 9, 2014

(GIN)—As Detroit fights to end a punishing wave of water shutoffs sparked by a payment crisis six years in the making, a bid by the World Bank could put Lagos, Nigeria, in similar straits. Word of a still hush-hush plan to sell off the Lagos water utility to profit-seeking owners reached the ears of Nigerian […]

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‘Creative resistance’ protests planned for ‘anti-poor’ development confab

‘Creative resistance’ protests planned for ‘anti-poor’ development confab

| October 8, 2014

(GIN)–Farmers, indigenous peoples and other social justice groups will be taking to the streets this week in 10 cities, calling for an end to ruinous business-driven development plans for poor countries around the world. According to the “Our Land Our Business” campaign, millions of people are being thrown off their land because large corporations have […]

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World Bank link to ‘cultural genocide’ of Kenya’s Sengwer people

World Bank link to ‘cultural genocide’ of Kenya’s Sengwer people

| October 2, 2014

(GIN)–Leaked documents seen by the Guardian newspaper of London reveal that the World Bank ignored an inspection report that detailed violations of the Bank’s own policies, permitting the burning of homes and forcible eviction of approximately 1,000 Sengwer people from their ancestral lands in Kenya’s Embobut forest. The forced evictions were described as “cultural genocide” […]

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Campaign to block World Bank from ‘sowing poverty’ launched

Campaign to block World Bank from ‘sowing poverty’ launched

| April 3, 2014

(GIN)—The World Bank, blamed for the devastation of thousands of lives in developing countries through the promotion of now discredited “structural adjustment” policies, is currently advocating land policies which benefit corporations over the world’s poorest people—namely farmers, pastoralists, and indigenous communities. Many of these affected groups are essential food producers for the entire planet, according […]

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