Egypt to increase green investment to 30 per cent in current budget

The Egyptian government is set to dedicate 30% of the new budget for green investments, as compared to 15% in FY 2021/2022, minister of Finance said. Mohamed Maait also indicated that Egypt is planning to raise green investments under the FY 2024/2025 budget to 50%, Arab Finance reports. Egypt has embarked on the development of […]

Tunisia forecasts 7,200 covid-19-related death by end of 2020

The Tunisian health ministry Tuesday said it fears 7,200 people might die of the covid-19 pandemic as the country continues registering steady cases of contaminations now standing at 42,227 since March when the first case was reported. The alert came from the ministry’s spokesperson Nissaf Ben Alaya who told local radio Express fm that the […]

Morocco 1st Green Bond Gets €135 Mln International Financial Support

IFC, a member of the World Bank Group, and Proparco, a subsidiary of Agence Française de Développement (AFD), are investing €100 million and €35 million, respectively, in the first green bond issuance by Banque Centrale Populaire (BCP), to promote sustainable, environment friendly projects in Morocco. This is the first green bond issuance in foreign currency […]