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Category: Business
Morocco/Earthquake: EBRD earmarks €250 Mln for reconstruction
The European Bank for Reconstruction and Development (EBRD) announced Wednesday a €250 million funding for Morocco to help the country to rebuild its economy in ... Read More
Senegalese soccer star Mane completes acquisition of France’s National 2 side Bourges Foot 18
The Senegalese soccer star and international Sadio Mane has acquired National 2 club Bourges Foot 18, a fourth-tier French club. The French side made the ... Read More
Africa holds special place in India’s superpower ambitions
Diplomatic relations between India and Africa have expanded rapidly since the early 2000s but, with India aspiring to become the 21st century’s next superpower, the ... Read More
Morocco, Belgium discuss ways of upgrading their partnership, meeting shared challenges
Morocco and Belgium have discussed this Wednesday in Brussels ways of upgrading their partnership and meeting current and future shared challenges. This came at a ... Read More
U.S. suspends aid to Gabon in wake of August 30 coup, commits to support transition to democratic civilian governance
The U.S. State Department announced the suspension of foreign assistance to Gabon in reaction to the military takeover which took place on August 30 with ... Read More
Burkina Faso: Coris Bank holding chairman elected President of Private Employers’ Council
Idrissa Nassa, the President of Coris Bank Group, one of Burkina Faso’s successful companies, has been elected new President of Le Conseil National du Patronat ... Read More
Morocco gets €270 Mln funding from AfDB for expanding healthcare, creating jobs & supporting quake victims
The African Development Bank (AfDB) is supporting Morocco’s efforts to enhance inclusive access to healthcare, improve employability of vulnerable people through training, and provide urgent ... Read More
Tanzania inks port management deal with UAE DP World, opposition criticizes the decision
Tanzania's government has signed a 30-year port management agreement with Dubai-based logistics firm DP World, hoping the deal would boost exchanges with landlocked neighboring countries ... Read More
Kenyan, Nigerian currencies tumble to new record lows against US dollar
Kenyan and Nigerian currencies have both hit all-time lows in the past few days, worsening the economic situation in the two heavily indebted African countries ... Read More
Morocco to increase annual spending on social safety nets to $5bln
Morocco plans to increase spending on social protection to 5 billion dollars annually, covering mandatory health insurance, direct cash handouts to needy social categories, and ... Read More