Category: Finance

Tunisia: Kais Saied opposes agreement with IMF

April 7, 2023

Tunisia has been running for more than a year behind an IMF loan and its biggest partners, in particular the European Union, and the United ... Read More

West Africa struggles to raise funds on regional capital market — experts

April 7, 2023

The eight member countries of the West African Economic and Monetary Union (WAEMU) are struggling to raise funds on the regional capital market, as investors ... Read More

Egypt, Nigeria, South Africa slowing down Africa’s growth, says World Bank

April 6, 2023

A new report by World Bank has highlighted the underperformance of Egypt, Nigeria, South Africa and other African big economies, saying they are slowing down ... Read More

WB grants additional funding of $250 million to finance Morocco’s education support program

April 6, 2023

The World Bank has granted Morocco an additional funding of $250 million to finance the Support to Education Sector Program. This additional funding will bring ... Read More

Burkina Faso increases defense budget by nearly 50 per cent for 2023

April 6, 2023

Burkina Faso authorities have budgeted $1.09 billion for defense expenditure this year, an increase of 49.43 per cent compared to last year, to address security ... Read More

Morocco calls for securing financial independence of AU

April 5, 2023

Morocco insisted, Wednesday in Addis Ababa, before the first meeting of the Permanent Representatives Committee of the African Union (PRC) under Comorian chairmanship, on the ... Read More

WB supports Morocco’s financial & digital inclusion with $450 Mln funding

April 4, 2023

The World Bank has approved a third Development Policy Financing (DPF) of $450 million for Morocco to enable the country advance financial and digital inclusion, ... Read More

IMF: Morocco gets $5 Bln credit line to enhance its economic resilience & external buffers

April 4, 2023

The International Monetary Fund (IMF) decided on Monday to provide a $5 billion precautionary flexible credit line (FCL) to Morocco to enhance the country’s external ... Read More

EU grants Egypt $40 million to enhance food security

April 3, 2023

The European Union (EU) has granted Egypt $40 million earn-marked for the improvement of food security in the North African country, Egypt’s International Cooperation Ministry ... Read More

S&P maintains Morocco’s rating at BB+/B with a stable outlook

April 2, 2023

Credit rating agency Standard & Poor's Global Ratings has maintained Morocco's sovereign credit rating at BB+/B with a "stable outlook", attributed to the country’s ongoing ... Read More