Mauritania: Projects in Mining and Energy get over $100 million in Loans

Mauritania can rejoice for a successful participation in the summit of Arab financial institutions held in Rabat after the North African country received over $100 million of loans for the execution of projects in mining and energy, reports say. A first deal between Moctar Ould Diaye, Mauritania’s finance minister and the chairperson of the Arab […]

Philippines, Morocco to establish direct flights

The Philippines and Morocco have agreed on an air services pact that will enable direct flights between the two countries, the Philippines’ Department of Transportation announced. “Pending the ratification of the air services agreement, the parties signed a memorandum of understanding granting full third and fourth freedom traffic rights for both passenger and cargo, and […]

The six African countries with highest debt to GDP ratios

Sudan, Cabo Verde, Mozambique, Republic of the Congo, and Egypt have been listed as countries with the highest debt to GDP ratio in the African continent. This came in a report by Yahoo Finance which listed 30 countries with the highest debt to GDP ratio. The report noted that Emerging economies and low-income economies are […]