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Morocco’s CFC, Leading Financial Center in Africa, GFCI ranking

Casablanca Finance City has outstripped Johannesburg and Mauritius to become the leading financial center in Africa as it topped the continent’s ranking established by the Global Financial Centers Index (GFCI.) At the global level, CFC stands on the 33rd position of the ranking established by GFCI which ranks financial centers according to one main criteria: […]

ECOWAS charts new course as Sahel states assert their independence

In a historic shift for West Africa’s political landscape, the Economic Community of West African States (ECOWAS) has begun relocating key institutions from Mali, Burkina Faso, and Niger — nations that formally withdrew from the bloc earlier this year to form the Alliance of Sahel States (AES). During an extraordinary session in Accra, ECOWAS Council […]

AfDB loans Côte d’Ivoire €165m to finance key programs of country’s National Development Plan 2021-2025

The African Development Bank (AfDB) announced Monday the approval by its board of directors of two loans valued at €165 million earmarked for the implementation of the Diversification, Industrial Acceleration, Competitiveness and Employment (DAICE) Program, an important aspect of the country’s National Development Plan 2021-2025. The first loan is worth €120 million and the second […]