This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Category: Finance
Burundi secures $271m loan facility from IMF to support economic reforms
The International Monetary Fund's executive board has rubber-stamped a $271 million Extended Credit Facility meant to address the country’s protracted balance of payments needs, rebuild ... Read More
EU allocates Tunisia 40 million euros for construction of 80 modern primary schools
The European Union Investment Bank, EIB, has provided Tunisia with 40 million euros to finance the construction of 80 modern primary schools and provision of ... Read More
Morocco: Government expects 3.7% growth in 2024
The Moroccan government has released its macroeconomic forecasts for 2024, expecting a growth rate of 3.7% while revising downwards its 2023 growth forecast to 3.4% ... Read More
Senegal, Germany ink agreements for vaccine production
Senegal and Germany signed Thursday two financial agreements for the production of vaccine in the West African country, Senegalese state-run news agency APS reports. The ... Read More
FIFA to pay Moroccan clubs $1.43 million in World Cup benefits
FIFA said it would pay Casablanca’s rivals Wydad and Raja $1.43 million as part of its Clubs Benefits Program, consisting in sharing the financial returns ... Read More
AfDB allocates Côte d’Ivoire €400 million in partial credit guarantee for international funds mobilization
The African Development Bank, AfDB, rubber-stamped Tuesday a €400 million partial credit guarantee for Côte d'Ivoire, to support the mobilization on international financial markets for ... Read More
Chariot raises $15 Million in funds for a new onshore gas drilling in Morocco
Chariot, a London-listed, Africa-focused energy company, announced on Tuesday it has raised $15 million (£11.7 million) for its onshore drilling operation in Morocco. The company ... Read More
BADEA loans Côte d’Ivoire $75m for construction of 7,500 social houses
The Arab Bank for Economic Development in Africa (BADEA) and Cote d’Ivoire signed Monday a loan agreement worth $75 million to be used for the ... Read More
MENA: Morocco in top five states generating electricity from solar power; third developing country attracting most investments in green energy
Morocco is one of the top five nations in the Middle East and North Africa that produce the most electricity from solar energy, according to ... Read More
Egypt’s CIB receives $250 million loans from IFC for multiple purposes including green projects
Egyptian private Commercial International Bank (CIB) indicated Sunday it received $250 million from the International Financial Corporation (IFC) in form of multiple loans to be ... Read More