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Category: Finance
EAC member states to postpone launching monetary union, single currency rollout
A special task-force has proposed to delay the implementation of the East African Monetary Union (EAMU) until 2031 from initial date of 2024, saying it ... Read More
Growth in eight UEMOA countries down to 5.7% due to multiple world crises
The eight member countries of the West African Economic and Monetary Union (UEMOA) have not been spared by multiple crises affecting the world and its ... Read More
Niger lures investments in Paris to finance national development program
President of Niger Mohamed Bazoum chaired Monday in Paris an investors' roundtable for the financing of the Economic and Social Development Program known as PDES ... Read More
Morocco backs replenishment of AfDB’s concessional financing fund
Morocco will make a contribution to replenish the African Development Fund, a concessional funding window of the African Development Bank. “The decision reaffirms Morocco’s willingness ... Read More
Remittances from Moroccans abroad to hit record level in 2022
Remittances from Moroccans abroad are expected to hit 11 billion dollars, a record level compared to 9.3 billion last year, the World Bank said in ... Read More
Kenya launches flagship “resourceful fund” to support the poorest, revive economy
Kenya’s President William Ruto has officially launched his "resourceful fund”, the flagship measure of his campaign intended to give the poorest access to credit and ... Read More
Morocco & UK Central Banks hold workshop on cybersecurity for top African & Mideastern bankers
Nearly 30 senior executives representing twenty Central Banks from Africa and the Middle East attended a cybersecurity workshop organized Nov.28-29 in Rabat by Morocco’s Bank ... Read More
BMW distributor in Egypt unveil plans to invest $100m
The official importer and distributor of BMW in Egypt, Global Auto Group, has announced plans to inject $100 million meant to develop its services and ... Read More
Africa’s top finance industry players meet in Togo to discuss economic recovery
African finance ministers and central bank governors are meeting in Lomé, Togo, this Nov. 28-29 for the African Finance Industry Summit (AFIS) to discuss how ... Read More
EU grants West Africa 96m euros to ramp up local food production
The European Union, EU, has allocated 96 million euros for West African states to support the region to build resilience and local food production capacity ... Read More