Egypt gets $500m from World Bank to finance vulnerable classes support program

The World Bank has granted Egypt a new development financing of $500 million to support the “Takaful and Karama” program according to the Arab country’s Minister of International Cooperation Rania Al-Mashat. Takaful and Karama program supports the most vulnerable classes against the implications of the global economic crises and external shocks. The financing will support […]

EBRD invests in first Green Bond in Morocco’s railway company

The European Bank for Reconstruction and Development (EBRD) announced Friday a €19.2million investment in a certified green bond issue of €95 million by Moroccan national railway company, ONCF. The investment will serve to refinance debt used to build an electrified high-speed rail line in the country. The EBRD is the only international investor in the […]

Stalled peace, rising tensions: DRC rebels blame gov’t for ceasefire collapse

The Democratic Republic of Congo (DRC) faces a renewed threat of conflict as peace efforts between the government and the Congo River Alliance — a coalition that includes the M23 rebels — are faltering. The insurgent group has accused the Congolese government of systematically violating ceasefire agreements and undermining Qatari-led peace talks. Under a Doha-brokered […]