World Bank Group Archives

MAKHTAR DIOP BECOMES FIRST AFRICAN NATIONAL TO LEAD THE INTERNATIONAL FINANCE CORPORATION

Posted on February 18, 2021February 18, 2021 by Gambeta News

WASHINGTON, February 18, 2021—World Bank Group President David Malpass today announced the appointment of Makhtar Diop as Managing Director and Executive Vice President to head the International Finance Corporation (IFC), an arm of the World Bank Group that advances economic development and improves the lives of people by encouraging growth of the private sector in developing countries. “Makhtar Diop has deep development and finance experience and a career of energetic leadership and service to developing countries…

NACHTIGAL HYDROPOWER PLANT IN CAMEROON TO LIMIT CLIMATE CHANGE

Posted on February 12, 2019 by Gambeta News

Nachtigal Hydropower Plant in Cameroon will help limit climate change. On the 31st of January 2019, the World Bank Group via World Bank Africa tweeted; that it supports the construction of the Nachtigal Hydropower plant in Cameroon. Derivatives from the tweet suggests that; the 420 mega watts (MW) Nachtigal Hydropower project which will be a source of clean power generation in Cameroon; will also help avoid 40 – 60 million tons of carbon-dioxide (CO2) emissions…