The European Bank for Reconstruction & Development (EBRD) is supporting small and medium-sized businesses in Morocco, Tunisia & Egypt with a €15 million equity investment in the first close of Mediterrania Capital III LP (MC III), which could increase up to €35 million in subsequent closings. This is the third fund of Mediterrania Capital Partners, […]
The International Monetary Fund (IMF) Monday June 26, threw its support behind the ongoing institutional and political reforms in Burkina Faso, adding that it can provide funding for the transitional process. Martin Schindler, Deputy Division & Mission Chief of the Washington-based institution underlined the support during a meeting with the transitional leader of the West […]
Lingering effects of the Covid-19 pandemic and the Russia-Ukraine war pose huge challenges to the continent, a recent African Economic Outlook report by the African Development Bank (ADB) concluded. As the war in Ukraine and coronavirus pandemic continue to bite, pushing millions of Africans into extreme poverty, locals are hoping initiatives by the ADB and […]
