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Category: Finance
Burkina Faso increases defense budget by nearly 50 per cent for 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
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
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
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
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
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
IMF loans Burkina Faso $80.7m to address global food crisis impact
The International Monetary Fund (IMF) has loaned Burkina Faso $80.7 million to help the West African country surf the impact of the global food crisis. ... Read More
Zambia, Germany launch €3m program to reduce carbon emission
Zambia and Germany have launched a program worth 3 million euros aiming at reducing carbon emission and promoting sustainable development projects, reports say. Launched in ... Read More
Inauguration of Morocco-funded emergency unit at Al-Makassed Hospital in Al-Quds
The Rabat-based Bayt Mal Al-Quds Asharif Agency has inaugurated in the Holy City of Al Quds the emergency vigilance, coordination and monitoring unit, funded by ... Read More
WB grants additional €94.7 Mln loan to the Casablanca Municipal Support Program
The World Bank has granted an additional €94.7 Mln loan to the Casablanca Municipal Support Program, destined to increase the investment capacity of the commune, ... Read More