With almost half of its population living in urban areas, Senegal is ahead of Sub-Saharan Africa’s average urbanization rate of 40%. Senegal’s urban population has almost doubled in the last few decades, rising from 23% in 1960 to 43% in 2013, and is projected to reach 60% by 2030. This growth comes with immense challenges, but also constitutes an opportunity for Senegalese policymakers to structurally transform the Senegalese economy.
Translations available in Chinese and Spanish.
Many of you are already familiar with the PPP (Public-Private Partnerships) Group’s Private Participation in Infrastructure (PPI) Database. As a reminder for those who aren’t, the PPI Database is a comprehensive resource of over 8,000 projects with private participation across 139 low- and middle-income economies from the period of 1990-2015, in the water, energy, transport and telecoms sectors.
We recently released the 2015 full year data showing that global private infrastructure investment remains steady when compared to the previous year (US$111.6 billion compared with US$111.7 the previous year), largely due to a couple of mega-deals in Turkey (including Istanbul’s $35.6 billion IGA Airport (which includes a $29.1 billion concession fee to the government). When compared to the previous five-year average, however, global private infrastructure investment in 2015 was 10 percent lower, mainly due to dwindling commitments in China, Brazil, and India. Brazil in particular saw only $4.5 billion in investments, sharply declining from $47.2 billion in 2014 and reversing a trend of growing investments over the last five years.
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21 years is a long time. Long enough to raise a child and send him or her off to college. That is how long it has taken to get to the Paris Climate Agreement. The Paris Agreement does set a goal of holding the temperature increase to well below 2C and pursuing efforts to limit the increase to 1.5 C. The latter goal is in line with what credible scientists have been telling us for a long time (only a 1.5C goal may prevent long-term multi-meter sea level rise, as an example).
Oumar (not his real name) lives with his parents and six younger siblings in a camp for internally displaced people (IDPs) in North-East Nigeria. They dream of returning to their home that they abandoned when Boko Haram insurgents attacked their village.
Oumar and his family are not alone. The Boko Haram insurgency has caused untold devastation. Since 2009, it is estimated that over 20,000 people have been killed and over two million displaced. In North-East Nigeria, where 80% of the people rely on agriculture for their livelihood, the economic impact has been brutal, with farmers forced from their land, livestock killed, and continued insecurity preventing a safe return in many areas.
As a first step, the Nigerian government asked the World Bank in August 2015 for help in assessing the damage and corresponding needs in the North-East. An empirical evidence base and reliable data are critical for informed decision making, as the government moves forward not only to fix the brick and mortar, but to mend the hearts and minds that have been hurt by the violence.
In response, a joint team of the World Bank, the European Union (EU), and the United Nations (UN), working closely under the government’s leadership, initiated the North-East Nigeria Recovery and Peace Building Assessment (RPBA), a comprehensive analysis of damages and estimated needs resulting from the Boko Haram crisis. It began with a comprehensive conflict analysis that served as the backbone of the assessment, including the underlying drivers to provide an integrated approach to peace building and recovery.
Of the total US$15.4 billion pledged by the international community at the end of the first day of the meeting of the Consultative Group on Côte d’Ivoire held on May 17, 2016 in Paris, the World Bank Group (IDA, IFC, MIGA) will commit the sum of US$5 billion (CFAF 2500 billion) to finance Côte d’Ivoire’s Second National Development Plan (NDP) covering the period 2016-2020. This amount is double the sum allocated during the previous period (2012-2016), proof—if any were needed—that the World Bank is more than ever committed to helping Côte d’Ivoire achieve emerging country status. This new country partnership framework between the World Bank Group and Côte d’Ivoire is an important milestone.
Last week with the support of the World Bank Group’s (WBG) Scaling Solar initiative. The auction for 100 MW (2x50 MW) resulted in a price as low as 6 cents/kWh.
This is good news for the country, which much like the rest of Sub-Saharan Africa faces acute electricity shortages. .
Zambia’s solar auction result followed a series of headline-making auctions in India, Mexico, Peru, and Dubai. In Dubai’s case, the price was as low as 3 cents/kWh -- the lowest price ever offered for solar power. Solar auctions are effectively a competitive bidding process to build power plants and supply a specific quantity of electricity at a pre-agreed price over a specified period of time.