AfDB loans Seychelles $33m as strengthened response to climate change, transition to clean energy

The board of directors of the African Development Bank (AfDB) has approved a loan worth $33 million to Seychelles destined to strengthen the country’s response to climate change and the transition to clean energy in the framework of the implementation of the Phase III of the Governance and Economic Reforms Support Program. The approval came […]

WHO concerned at potential risk of Covid 19 spread in Africa, Morocco ready to help

Africa could be a big victim of the coronavirus, which crippled many cities in China and led to deaths elsewhere as scientists still struggle to find a cure. “Our greatest concern is about the potential for spread in countries with weaker health systems,” Tedros Adhanom, director-general of the World Health Organization (WHO), said. If the […]

Egypt inks ‘historic’ $35bn deal with UAE, hoping to ease dollar squeeze, save economy

Egypt and the United Arab Emirates (UAE) have signed a landmark $35 billion investment deal to develop Ras al-Hekma peninsula on the Mediterranean coast that, economists say, will inject $35 billion of foreign direct investment into the struggling Egyptian economy, helping it to bolster economic growth and address a hard currency crisis. The deal is […]