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Category: Finance
Japan pledges over $700 million for Cairo’s fourth metro line
Japan will finance the construction of Cairo’s fourth metro line to the tune of $700 million. The announcement was made Sunday during a visit to ... Read More
Morocco’s King urges Arab financial institutions to pool efforts in face of global economic, climate challenges
King Mohammed VI of Morocco said Arab financial institutions should pool effort to address economic challenges in a context of geopolitical tensions and inflationary pressures ... Read More
Fitch gives Morocco ‘BB+’ rating with stable outlook
Fitch agency has awarded Morocco 'BB+' rating consolidated with a stable outlook thanks to the country’s sound macroeconomic policies that has supported resilience to shocks, ... Read More
EBRD to approve new $100 mln loan for Banque Misr to finance MSMEs
The European Bank for Reconstruction and Development (EBRD) is set to approve by end of May a $100 million loan program to Banque Misr, under ... Read More
BRICS-issued new currency may pave way for de-dollarization
As the 15th edition of the BRICS summit approaches, two topics are high on the grouping’s agenda: its expansion, with the arrival of several African ... Read More
Wealth Report 2023 confirms that ’Africa is not poor but impoverished’
Not all Africans are poor — this could arguably be the main message from the 2023 edition of the annual Africa Wealth Report by London-based ... Read More
Rabat & Berlin make joint financial contribution to Migration Multi-Partner Trust Fund
Morocco and Germany announced on Wednesday in Geneva a joint financial contribution for the Migration Multi-Partner Trust Fund (MPTF) of the International Organization for Migration ... Read More
Egypt, Greece ink MoU on periodic financial dialogue
Egypt and Greece have signed a Memorandum of Understanding (MoU) to launch a periodic dialogue between their ministries of Finance in order to exchange views ... Read More
DRC gets €32.7m loans to address humanitarian challenges in restive Eastern region
The European Union (EU) has provided a fresh credit facility of 32.7 million euros to the Democratic Republic of Congo to be used to provide ... Read More
Kenyan default fears intensify as anti-government protests are to resume
Investors are unloading Kenya’s dollar bonds due 2028, whose yields have climbed to 14.6% and the shilling has also trading at a record low, while ... Read More