The International Monetary Fund said on Friday it held talks with Zambian authorities over the possibility of an aid programme.
The World Bank’s Vice President for Africa, Makhtar Diop, said on Saturday he had agreed to give Gambia $60 million in budget support.
Nigeria wants to borrow at least $1 billion from the World Bank to help haul it out of recession and plans to present the required economic reform proposals to the lender this month.
Uganda’s economy will expand by 5.2% in the fiscal year 2017/2018 after slipping to 5% in 2016/17, helped by infrastructure spending and foreign investment in the oil industry, the World Bank said .
Investors have long complained that a lack of reliable power is an obstacle to doing business in east Africa’s second biggest economy.