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Category: Finance
EU, France pledge €50m investment in DRC’s infrastructure, mining sector
The European Union has launched an initial mobilization of €50m in Democratic Republic of Congo’s (DRC) critical minerals sector and infrastructure projects on the sidelines ... Read More
Hostility to Morocco reveals financial illiteracy of Algerian media
A pathological fixation on Morocco has been ongoing in Algerian media at the instigation of a military-run regime that made attacking Rabat its daily tactic ... Read More
Morocco’s economic, financial stability attracts investors- minister
Thanks to its sound economic and financial fundamentals, Morocco has fostered its attractiveness to foreign investors, while receiving preferential terms from international financial organizations. Within ... Read More
World Bank suspends partnership with Tunisia due to racism
The World Bank said it halted cooperation with Tunisia after a surge in racism in the country triggered by anti-migrant speech by its president. President ... Read More
IMF intends to offer Morocco $5 bln credit line
The International Monetary Fund intends to approve Morocco’s request for a 5 billion-dollar Flexible Credit Line (FCL) during a meeting of its executive board meeting. ... Read More
African economies to remain resilient despite financial headwinds — AfDB report
Despite the tightening global financial conditions, African economies are expected to remain resilient with a stable outlook in 2023-2024, according to a report by the ... Read More
UN LDC Summit: Rich countries slammed for exploiting poor nations, failing promises
Leaders attending the 5th UN Conference on the Least Developed Countries (LDC5) in Doha, Qatar, have voiced their disappointment and bitterness over the treatment of ... Read More
EU supports Morocco’s socioeconomic development with €500 Mln funding
The European Union announced on Thursday a new financial package worth €500 million for Morocco. The financial support will enable the North African Kingdom to ... Read More
World Bank grants Egypt $9.13 M to expand the greater cairo air pollution management and climate change project
Egypt has secured $9.13-million grants from the World Bank for the expansion of the management of e-waste and healthcare waste under Greater Cairo pollution reduction ... Read More
Qatar, Egypt consider launching joint investment fund
Qatar and Egypt are studying possibilities to set a joint investment fund, Egyptian Minister of Planning Hala Al-Saeed told Bloomberg Tuesday following the signing of ... Read More