Syndicate content

Africa

Beginners: High Energy in Cote d'Ivoire

Mission to Côte d'Ivoire scheduled to take place between February 13 and 17. Time to prepare for my first trip with the Bank: call for tickets and hotel, visit the travel clinic, request UNLP and visa, read security recommendations, exchange money etc. Ah, of course, prepare all the background documents and coordinate the elaboration of our meeting schedule. Simple activities that tend to become uninteresting for those who have done it several times before are rather exciting for a beginner.

Sights from the start of a long engagement with Cote d'Ivoire: Football Fever!I landed in Cote d’Ivoire just in time for the big final of the Africa’s Nations Cup: Cote d’Ivoire, the favorites to win, facing the surprising Zambia. Everyone’s eyes were on the game and the scenario was set for a week of celebrations. Football (soccer), however, is tricky and Cote d’Ivoire ended as the runner up. That did not change the plans in the country: Monday the 13th had been declared a national holiday for the people to welcome the players and so it was. A slight unexpected issue for us, as most of our meetings scheduled for that day were cancelled. An anti-climax for a beginning.

Somali Remittance Freeze: What Can Be Done About It?

The remittance freeze is impacting Somali families that rely on relatives in America (photo credit: Trocaire, Flickr)Minneapolis has the largest Somali population in the US. Sending remittances to Somalia was put at risk late December when the Sunrise Community Bank in Minneapolis announced that it was going to close the accounts of all Somali remittance companies on December 30th 2011.To our knowledge, the Sunrise Community Bank was the last bank that was serving Somali remittance companies in Minneapolis. Closure of accounts meant no operation for remittance companies. This in turn meant no money for remittance-dependent Somalis, who had no other options since remittance service providers such as Western Union and MoneyGram didn’t operate in Somalia. Aid groups lobbied to challenge the closure, and their petition reached all the way up to President Obama.

How the RABI program transformed Sierra Leone

Sebastian James's picture

Sierra Leone has become one of the most improved economies in the Doing Business 2012 report—an amazing step toward sustainable economic growth for a country that has overcome a devastating civil war less than ten years ago. The country is now ranked 141st on the ease of doing business—an improvement of 9 places from the previous year. This achievement was made possible to a large extent by the IFC-World Bank Removing Administrative Barriers to Investment (RABI) program.

Top 10 facts you probably don’t know about the investment climate in Nigeria…

1. Only 15 percent of Nigerian entrepreneurs are women --- one of the lowest shares in all Sub-Saharan Africa

2. Almost 70 percent of firms in Akwa Ibom train their employees while just one percent of firms in Zamfara do so. And workers that receive training earn up to a quarter more than non-trained workers.

3. Female entrepreneurs need credit more than men, but they are less likely to apply for and less likely to obtain a loan.

Providing a baseline for Southern Sudan’s capital

Editor's Note: The following post was submitted jointly by Pilar Sanchez-Bella and Brice Richard both members of the Doing Business Team.

The Doing Business in Juba 2011 report was launched last May 16 in Juba, Southern Sudan. The city profile, which covers 9 Doing Business indicators, is one of the first assessments of business regulations in Juba, the current capital of Southern Sudan. Why is this report noteworthy? First, it helps fill the micro-level data gap in the country by providing baseline data.

Bringing mobile money to the world

Editor's Note: Michael Joseph is the World Bank Group's first fellow and was previously the CEO of Safaricom.

Mobile money has gone viral. In Kenya there are now more than 15 million mobile money users, which is equivalent to three in four adults. The company I was heading until last November, Safaricom has developed the world’s largest mobile money platform M-Pesa, which is being used by more than 14 million Kenyans. Over the last three years the growth of mobile money has been exponential. In December we reached a new threshold when the equivalent of US$ 1 billion was transferred. This is more than Western Union has transferred in all of 2010 globally! This has changed the lives of Kenyans—it created new jobs, new businesses and new opportunities for millions of people.

(Don’t) Carry Your Own Water

David Lawrence's picture

Not long ago, I carried a 20-liter bottle of water three blocks to my apartment (there is an artesian well in a nearby park). At first it was easy. I lifted it up onto my shoulders and walked boldly along the street, drawing admiring looks from everyone I passed.

But it didn’t take long for my muscles to feel the burn. Then my back started to ache. By the time I got home, I was wiped out. Never again, I thought.

From Deals to Development: A snapshot from Monrovia

Michael Jarvis's picture

Once a concession agreement or any large-scale public procurement contract is signed, who can ensure that the terms are met? How to turn commitments into development on the ground? This is the puzzle that a mix of around 70 government, business and civil society leaders from West Africa began to solve this past week.

Quantifying informality in Latin America

Mohammad Amin's picture

In a series of earlier posts, I discussed a number of findings about informal (unregistered) firms in 6 African countries, including Burkina Faso, Cote d’Ivoire, Cape Verde, Cameroon, Madagascar and Mauritius. These findings were based on Informality Surveys collected by the Enterprise Analysis Unit to better understand the functioning of the informal sector—a large sector for which we have virtually no systematic data.

Pages