bank-al-maghrib

AfDB to Set Up Climate Change Funds & Green Banks in Africa

The African Development Bank has asked the Coalition for Green Capital (CGC) to make a study on the creation of national climate change funds and green banks in Africa. CGC will work with six African countries to conduct feasibility studies for the project, which was launched at the Green Bank Design Summit held in Paris […]

US treasury secretary on 11-day African tour to counter China inroads

US Treasury Secretary Janet Yellen started Wednesday an 11-day trip to Africa, aimed at deepening economic ties on the continent where China has become a key player. Yellen’s travel to Senegal, Zambia and South Africa comes after a detour to Switzerland where she was to meet Chinese Vice Premier Liu He on macroeconomic issues. The […]

Egypt’s current account deficit soars as Suez Canal revenues plummet

Egypt’s current account deficit more than doubled to $5.9 billion in the July-September 2024 quarter, up from $2.8 billion in the same period last year, according to the Central bank on January 16. A significant contributor to this widening deficit was a sharp drop in Suez Canal revenues, which fell by 61.2% to $931.2 million, […]