AfDB to support private sector development program in Egypt

The African Development Bank (AfDB) will support the first phase of Egypt’s Private Sector Development and Economic Diversification Program. This comes under a $131 million agreement with the Egyptian Government and is part of a broader effort to strengthen Egypt’s economy and improve the business environment. This initiative aligns with the government’s strategy to enhance […]

Libya: GNA Approved, World Hails the Move

The Presidency Council (PC) based in Tunisia and formed under the Libya Political Agreement announced that the majority of the lawmakers at the Tobruk-based parliament signed a document supporting the Government of National Accord (GNA) giving a “green light to start work.” The council said in a statement that Libya’s Political Dialogue Team (PDT,) a […]

Casablanca Stock Exchange reports record oversubscription for Vicenne’s IPO

The initial public offering (IPO) of Vicenne, a leading Moroccan medical equipment company, broke a new record on the Casablanca Stock Exchange with an IPO that was oversubscribed 64 times. The offering attracted over 32 billion dirhams in demand by investors for shares worth just 500 million dirhams, resulting in an unprecedented oversubscription. Vicenne offered […]