US provides $35 million for Tunisia SMEs

The US embassy launched Tuesday a financial support scheme worth $35 million in a favor of Small and Medium Size Enterprises (SMEs) that have difficult access to loans to grow their activities, Business News reports. The US aid agency, USAID, is partnering with the Arab Tunisian Bank (ATB) and US International Development Finance Corporation on […]

Ethiopia eyes 3 million jobs in 2019-20; Economic growth expanded 9.2% in 2018-19

Ethiopia plans to create about 3 million jobs in the 2019-2020 fiscal year. The announcement was made by Prime Minister Abiy Ahmed while he was presenting the country’s annual report to the House of Peoples’ Representatives at the national parliament. In his address, he raised issues on sustaining economic development and peace and security, as […]

Nigeria caps weekly cash withdrawals, Moody’s warns of ‘very high’ foreign currency risks

Nigeria’s central bank has imposed restrictions on weekly cash withdrawals to limit the use of cash as credit agency Moody’s warned that the country’s banks face tough challenges over a dollar shortage. Foreign currency risk is “very high” for Nigeria’s banking system, according to a report by Moody’s. Nigeria is one of seven countries worldwide […]