UK-based BII, African Guarantee Fund ink $75m pact to fund SMEs across Africa

UK-based finance institution British International Investment (BII) and the African Guarantee Fund (AGF) have signed a $75 million re-guarantee agreement for small and medium enterprises (SMEs) across Africa, Zawya reports. The fund, according to BII, will provide credit guarantees to partner financial institutions for up to 75% of the risk on SME loans, thus increasing […]

Maghreb: UMA SG Hails Morocco’s King Commitment to this Regional Grouping

Taïeb Baccouche, Secretary General of the Arab Maghreb Union (UMA) commended on Wednesday the strong commitment of King Mohammed VI to advancing this regional bloc, stressing the need to speed up the integration of the region and the opening of borders between Maghreb countries. The royal initiatives pave the way to the countries of the […]

EBRD Forecasts 3.1 % Growth in Morocco in 2023

Economic growth in Morocco is expected to pick up to 3.1 per cent in 2023, announced on Tuesday by the European Bank for Reconstruction and Development (EBRD). In its latest Regional Economic Prospects (REP) report, the Bank’s analysts explained the projected Moroccan economic growth by the anticipated agricultural recovery, moderate inflation and the country’s removal […]