11 African countries to receive $5 billion investment funds from the World Bank

The World Bank has announced that it will invest over $5 billion in 11 African countries over the next five years in a variety of climate change, environmental protection, agricultural sustainability, and human development programs.

The Washington-based lender targets that these initiatives will improve livelihoods and provide a crucial lifeline at a time these nations are fighting off the worsening effects of the COVID-19 pandemic on their economies.

World Bank Group President David Malpass added that the investment “will help deal with the impact of biodiversity loss and climate change.”

The funds would benefit countries in the Sahel region, Lake Chad and Horn of Africa, the Bank announced in a statement.

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