Category: Finance

World Bank loans Tunisia $120m to support SMEs

February 10, 2023

The World Bank has agreed to grant Tunisia a $120 million loan earmarked to facilitate access to funding by Small and Medium Enterprises (SMEs). The ... Read More

Private investment, Morocco’s way forward to bolster growth

February 9, 2023

Over the past two decades, investment in Morocco amounted to 30% of GDP annually, in an effort led by the state. This model has hit ... Read More

Cameroon applies for $34.7m loan from IsDB to rebuild infrastructure in restive Anglophone region

February 8, 2023

Cameroon under the directives of President Paul Biya has lined up for a $34.7 million loan from the Islamic Development Bank (IsDB) to finance the ... Read More

World Bank allocates additional $200 million to support education in Morocco

February 5, 2023

The World Bank announced that it has allocated additional financing of $200 million to the Education Support Program in Morocco, bringing the total project value ... Read More

US pledges to step up Africa investment as Chinese lending slides to 13-year low

February 5, 2023

Recent visits to Africa by US Treasury Secretary Janet Yellen and US Ambassador to the United Nations Linda Thomas-Greenfield came as a new study by ... Read More

Egypt plans to privatize 20 state-run companies this year

February 3, 2023

The Egyptian Prime Minister, Mostafa Madbouly, indicated that the Arab country hopes to list at least 20 state-owned companies in 2023 as part of a ... Read More

Africa-China trade in 2022 surges, dwarfing commerce with US

February 1, 2023

Africa's bilateral trade with China surged to a record high in 2022, highlighting how Beijing's commercial influence over the continent continues to dwarf that of ... Read More

Foresight Africa: Brookings report outlines top priorities for the continent in 2023

January 31, 2023

With numerous external and internal headwinds, it is easy to be pessimistic about Africa’s prospects, yet, time and time again Africa has proved resilient and ... Read More

Feed Africa Summit: AfDB to commit $10 billion to make continent the breadbasket of the world

January 27, 2023

The African Development Bank Group will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary ... Read More

IMF commends Morocco for mitigating economic impact of external shocks

January 25, 2023

The IMF highlighted on Jan 24 the “very strong policy response” that Morocco took to mitigate the social and economic impact of the recent negative ... Read More