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Category: Finance
Ethiopia’s CBE in quest to retrieve $40 mln withdrawn during glitch
The Commercial Bank of Ethiopia (CBE), the biggest lender in the country, issued a deadline, asking people who have withdrawn or transferred money from the ... Read More
EU to offer Tunisia about €165 million to curb migration
The EU plans an aid of up to €164.5 over three years to help Tunisia stop migrants from crossing to Europe, the Financial Times reported. ... Read More
Morocco’s Central Bank keeps key rate unchanged at 3 % & expects 2.1 % Growth in 2024
Morocco’s central bank has decided to maintain the current key rate at 3 percent and expects the country’s economic growth to be limited to 2.1 ... Read More
East Africa bracing for fresh wave of interest rate hikes fueled by Red Sea crisis
East African central banks are being forced to hike interest rates to contain renewed inflationary pressures emanating from surging shipping and insurance costs due to ... Read More
French AFD contributes €134.7 million to Morocco’s education system reform
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
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
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
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
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?
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