Category: Finance

French AFD contributes €134.7 million to Morocco’s education system reform

March 18, 2024

The French Development Agency (AFD) will contribute €134.7 million to the public policy budget and the support program of the 2022-2026 roadmap for the reform ... Read More

Morocco offers earthquake reconstruction aid to 51,300 households

March 18, 2024

Morocco has offered 1 billion dirhams so far in reconstruction aid to 51,300 households hose houses were totally or partially destroyed in the September 7 ... Read More

AfDB lends Morocco €100 Mln for infrastructure projects in rural zones

March 16, 2024

The African Development Bank has lent €100 Million to Morocco’s Communal Equipment Fund to support sustainable infrastructure projects aimed at reducing territorial and social disparities ... Read More

ECOWAS single currency launch delayed beyond 2027 deadline — WAMZ boss

March 14, 2024

The expectation for an ECOWAS single currency to be launched by 2027 is no longer realistic, according to the director-general of the West African Monetary ... Read More

Nigeria secures financial requirements for Niger rail link

March 13, 2024

Nigeria said it had secured 1.3 billion dollars needed to build a rail connection with neighboring Niger, a landlocked country. The news was announced by ... Read More

De-dollarization in Africa: could BRICS currencies challenge greenback?

March 12, 2024

A recent report by Sputnik Africa claiming that the use of the Russian ruble for trade between Russia and Africa has more than doubled since ... Read More

France’s Société Generale to sell its business in Morocco – media reports

March 9, 2024

France’s Société General plans to sell majority stakes in its Morocco banking activity to Saham, Moroccan media reported. Saham, owned by former industry minister Moulay ... Read More

Morocco-EU: Launch of “Just Transition” project for successful climate policy

March 7, 2024

The "Just Transition" project aimed at supporting Morocco's efforts to implement its climate policy was launched on Wednesday in Rabat, by the European Union and ... Read More

Saudi, Qatari investors may follow UAE in ‘buying up’ Egypt’s coastline

March 6, 2024

Only days after the announced $35 billion deal with the UAE for the development of Ras al-Hekma on its Mediterranean coast, Egypt is reportedly also ... Read More

Nigeria enforces a yearly levy on expatriate employees

February 29, 2024

Nigeria has introduced a compulsory yearly levy for companies hiring foreign workers, charging $15,000 for directors and $10,000 for other employees. The aim is to ... Read More