Japan pledges over $700 million for Cairo’s fourth metro line

Japan will finance the construction of Cairo’s fourth metro line to the tune of $700 million. The announcement was made Sunday during a visit to Egypt by the Japanese Prime Minister Fumio Kishida. This Japanese investment is one of the largest packages to support the plan to develop transportation in Egypt. The fourth phase of […]

Morocco Takes over Chairmanship of Africa Regional Forum on Sustainable Development

Delegates of African countries have voted for Morocco to lead the African Regional Forum on Sustainable Development (ARFSD) during the 5th meeting of this regional body convening in Marrakech April 16-18 under the theme: “Empowering people and ensuring inclusiveness and equality”. The North African Kingdom will chair ARFSD for one year and will be responsible […]

IFC accords $150m loan to Olam to boost palm oil production in Gabon

The World Bank’s private sector financing arm, International Finance Corporation (IFC), has provided a credit package of $150 to Olam Palm Gabon, the subsidiary of Singapore-based Olam International, to boost the company’s production of palm oil in the central African country. The loan, Gabon Review reports, will be used in the construction of a biodiesel […]