AMF supports Morocco’s public finance sector reform with a new $211 million loan

The Arab Monetary Fund has extended Morocco a new $211 million loan, within the framework of the Structural Adjustment Facility, to support a reform program in the public finance sector,  the Arab financial institution announced in a statement released Friday. The loan agreement was signed on May 23 by Morocco’s Economy and Finance Minister Mohamed […]

Egypt: Beltone and Madkour Group sign $8.21mln leasing and factoring agreement

Beltone Holding announced that its subsidiary, Beltone Leasing and Factoring, has signed a leasing and factoring agreement with Madkour Group, totaling EGP 400 million. The agreement includes a sale and leaseback arrangement for Madkour Group’s administrative unit assets at the “Zizinia” project in New Cairo, valued at EGP 300 million. Additionally, it provides EGP 100 […]

Morocco’s Tanger Med to outperform nominal capacity in 2024

Morocco’s Tanger Med is expected to outpace its nominal container capacity this year, as the port strengthens its foothold as a major transshipment hub, a port official told Reuters. The port is poised to handle more than 9 million containers after 8.6 million containers last year, that is a growth of 13.4% compared to the […]