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Blended finance unlocks the keys to affordable housing across west Africa

Martin Spicer's picture
Houses under construction. © John Hogg/World Bank
Houses under construction. © John Hogg/World Bank

Affordable housing is a major challenge across West Africa, where fewer than 7 percent of households can afford to buy their own home. The situation is particularly acute in the countries of the West African Economic and Monetary Union (WAEMU) -- Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo – where demand for decent housing far outstrips supply.

But a new financing tool developed by the World Bank Group, is helping thousands of families across the WAEMU access private housing finance and finally achieve their dreams of owning their own home.

The tool is the $2.5 billion IDA18 IFC-MIGA Private Sector Window (IDA PSW), launched in July 2017 to help catalyze private sector investments and create jobs in the lowest income countries eligible for financing from the World Bank’s International Development Association.

Scaling up innovations in agriculture: Lessons from Africa

Simeon Ehui's picture
The West Africa Agricultural Productivity Program is building a sustainable and nutritious food system in Nigeria that creates jobs for youth. Photo: Dasan Bobo/World Bank

For too long the narrative surrounding Africa’s agri-food sector has been one of limited opportunity, flat yields and small farms. It’s true that Africa is still producing too little food and value-added products despite recent efforts to increase investment, and that agricultural productivity has been broadly stagnant since the 1980s as shown in the 2018 African Agriculture Status Report.

Policy hackathon explained: How an all-society approach can engage entrepreneurs and governments to develop better policy in West Africa

Alexandre Laure's picture
Also available in: Français
Brainstorming session at the Bamako Policy Hackathon
Brainstorming session at the Bamako Policy Hackathon. Photo: World Bank

What would happen if you put all the relevant players for the entrepreneurial ecosystem — startup founders, policymakers, developers, students, investors — into one room and facilitated an open dialogue on improving the business environment? This is exactly what is taking place in West Africa through a series of policy hackathons supported by the World Bank.

We all have a stake in development and this multifaceted process – local, top-down, bottom-up – is a great example of African innovation. Civic engagement in policymaking is not happening elsewhere so it’s not just about importing knowledge and best practice but generating lessons we can export to the rest of the world,” said Sebastian Molineus, World Bank Director of the Finance, Competitiveness and Innovation (FCI) Global Practice about policy hackathons taking place in West Africa, at a recent World Bank Brown-Bag Lunch in January.

So what is a policy hackathon?

How do Africans’ priorities align with the SDGs and government performance? New results from Afrobarometer



One of the challenges presented by the ambitious Sustainable Development Goals (SDGs) laid out in the UN 2030 Agenda is where to begin.

Afrobarometer, which conducts public attitude surveys in more than 30 African countries, argues that one critical place to start is by asking the people.

Across Africa, disaster risk finance is putting a resilient future within reach

Hugo Wesley's picture
The Africa Disaster Risk Financing Initiative supports agriculture insurance programs which unlock critical assess to credit for low-income farmers in Kenya, as well as in Uganda and Rwanda. Photo Credit: World Bank


Sub-Saharan Africa knows more than its fair share of disasters induced by natural hazards. The past few months alone have seen drought in the Horn of Africa, floods in Mali and Rwanda, and landslides in Ethiopia and Uganda. Between 2005 and 2015, the region experienced an average of 157 disasters per year, claiming the lives of roughly 10,000 people annually.

To build human capital, prioritize women’s empowerment

Annette Dixon's picture



Last month, I attended the International Family Planning Conference in Kigali, Rwanda, where policymakers from across the world gathered to strategize about ways to achieve a demographic dividend—the increase in gross domestic product (GDP) per capita that comes from having a young and productive labor force driving economic growth that is faster than  population growth.  I was heartened to be joined by ministers of finance and representatives of the highest levels of government, all of whom agreed that women’s empowerment–which centrally includes access to reproductive health services–-is essential for inclusive, sustainable growth.

What did 200 African incubators learn from our webinar on open innovation?

Alexandre Laure's picture
Also available in: Français
 Niger Digital.
Entrepreneurs participating in the e-Takara competition to address specific challenges expressed by Nigerien public administrations. Credit: Niger Digital

The training has completed my knowledge about open innovation. I can now go and talk to potential clients to identify their needs and show what we can offer them.” -- Mariem Kane, Hadina RIMTIC incubator
 
Distributive, participative and decentralized, open innovation programs can pave the way for start-ups to access larger markets and business opportunities. They also allow corporate partners to respond quickly to changing market dynamics and test out new products or target new audiences.

All hands on deck: Halting the vicious circle of stunting in Sub-Saharan Africa

Emmanuel Skoufias's picture
Betty teaches mothers with small children about nutrition, Uganda. Photo: © Stephan Gladieu / World Bank

In a large, complex, or urgent situation, the command goes out: “All hands on deck!”

Sub-Saharan Africa faces such a clarion call now. It is the only region in the world with a growing number of children under the age of five who have stunted growth, meaning they are too short for their age. Although the number of children affected by stunting globally has decreased drastically since 1990, Africa is the only region that has seen an increase in the number of children stunted despite a decrease in the prevalence of stunting.

Lessons from China: Vocational education for economic transformation in Africa

Girma Woldetsadik's picture
“African participants visit modern container port in Ningbo, China. Photo credit World Bank”

This September I traveled to Beijing and Ningbo, China, to participate in the second Africa China World Bank Education Partnership Forum on Technical and Vocational Education and Training (TVET). The Forum--co-hosted by the China Institute for Education Finance Research, Peking University, Ningbo Polytechnic and the World Bank Group-- served as a platform for discussion and knowledge exchange to encourage stronger partnership efforts between African TVET institutions and some of China’s best ranking TVET centers and industries.

From drought to resilience: Africa’s livelihoods in transition

Raúl Alfaro-Pelico's picture



When it does not rain, people starve.

This is the reality for many farmers in the Sahel—and across the globe—and the situation is only becoming more dire due to climate change. Yet, during a recent visit to Garin Madougou, a village in Dokoro, a district in Niger, we saw that lack of rainfall does not have to lead to food insecurity.


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