Public Management

World Bank provides Magadascar $1.3bn to boost power supply and nutrition

Thursday, 26 January 2017 08:12

Over the next three years, the World Bank will provide Madagascar $1.3 billion to boost power supply and improve nutrition in the country. The commitment was confirmed by Makhtar Diop, World Bank’s vice-president for Africa, while he visited the nation.

“The World Bank will work with the government on two major axes: human development and access to power. The project will focus on improving the country’s nutrition indicators and provide power to as much of its people as possible,” said the official.

Madagascar has an electrification rate of 14% and faces serious nutrition-related challenges as one out of two of the children in the country suffer from malnutrition-spurred stunting. With a hydroelectric potential of 7,000 MW, it aims to achieve a power production of 5,000 MW by 2030.

Gwladys Johnson

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Swedfund commits $20 million to Helios CLEAR climate fund Investment targets low-carbon sectors and climate adaptation in Africa Move aims to...
Reopens November 2025 eurobond to raise an additional $260 million Original bond carries a 9.875% coupon and matures in November...
Nigeria’s central bank revokes licences of Aso Savings, Union Homes CBN cites persistent regulatory breaches, undercapitalisation, governance...
Fund will support start-ups in maritime and blue economy sectors Launch planned at Lagos blue economy investment summit in March 2026 Initiative...
Most Read
01

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
02

Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...

Egypt attracts Polish Fruitful investment in horticultural processing
03

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
04

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
05

Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...

$138 Million Standard Bank Facility to Power Safaricom's Ethiopia Business Expansion
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.