IFC, a member of the World Bank Group, is providing $24 million in financing, including a $12 million C loan for IFC’s own account and a mobilization of a $12 million B loan through IFC’s syndication program to Zalar Agri, one of Morocco’s leading fruit producers, as part of an effort to create jobs and […]
In a blow to Namibia’s efforts to become a crude producer, the British energy giant Shell has announced a $400 million write-down related to an offshore oil discovery in the southern African nation, citing concerns about the project’s commercial viability, There have been several oil explorations by major oil conglomerates in Namibia in recent years, […]
President Morsi’s outstanding powers has led to demonstrations in the streets demanding him to relinquish them and it has made it effects on Egypt’s benchmark stock index is as it fell by almost 10% in the first trading session since the presidential decrees. The ongoing political tensions in an already paralyzed economy spread swiftly through […]
