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Category: Finance
US-Africa Leaders Summit: evaluating progress made six months on
US special presidential representative has reassured that the global superpower remained committed to maintaining strong trade ties with the African continent, something the Biden administration ... Read More
AfDB donates Madagascar $1.5m to help join AfCFTA
https://guardian.ng/wp-content/uploads/2021/01/AfCFTA.jpg The African Development Bank has granted Madagascar $1.5 million in view of helping the African country work on its adherence to the African Continental ... Read More
Fitch downgrades Tunisia rating to ‘CCC-‘, confirming fears over economic collapse
The political and economic crisis is worsening in Kais Saied’s Tunisia. The uncertainties and fears over the collapse of this country has pushed Fitch agency ... Read More
East African households urged to have own grain reserves to eliminate food insecurity
African households are highly recommended to have their own grain reserves as one of the solutions to food insecurity, The East African Business Council (EABC) ... Read More
Africa: Digital transformation in banking industry well underway — report
Banking access across Africa has increased in 2022, with 48% of the population having access to banking services, compared to 45% in 2017, according to ... Read More
AfDB supports Morocco’s healthcare in rural areas with €120 Mln funding
The African Development Bank has announced a €120-million funding to support Morocco’s efforts to improve women-children’s healthcare in rural areas, especially in the regions of ... Read More
OECD forecasts 3.5% growth rate for Morocco in 2023
The Organization for Economic Co-operation and Development (OECD) projected the Moroccan economy to grow by 3.5% this year and 3.7% next year, in an optimistic ... Read More
France-Africa: Société Générale pulls out of four African countries
Paris-based multinational financial services company, Société Générale, also known as SocGen, has withdrawn from four African countries, namely Chad, Congo, Equatorial Guinea, and Mauritania. The ... Read More
WB expects Morocco’s growth to reach 2.5% in 2023 & 3.3% in 2024
Morocco’s economic growth is expected to reach 2.5 pc in 2023 before rebounding to 3.3 pc in 2024, according to the World Bank’s latest Global ... Read More
Côte d’Ivoire gets $450m investment for three projects on sidelines of Africa CEO Summit 2023
The Ivorian Government inked Tuesday three Memorandum of Understanding (MoU) worth $450 million for three projects to increase sustainable economic growth, job creation and private ... Read More