IFC

Libya, Mauritania Set Up Technical Committee to Reactivate Bilateral Agreements

Libya and Mauritania have agreed to establish a technical Committee to review and reactivate bilateral agreements between the two countries, following talks held in Tripoli. The decision was reached during a meeting between Libya’s Acting Foreign Minister Taher Al-Baour and Mauritania’s Ambassador to Libya, Sidi Yahya Lemrabott. According to Libya’s Ministry of Foreign Affairs and […]

COVID-19: Containment costs Africa $65.7 billion a month

The containment imposed to limit the spread of COVID-19 costs Africa 2.5% of its GDP, equivalent to $65.7 billion per month, the Economic Commission for Africa (ECA) revealed in a report. Private companies approached by the authors of the report say they are working at only 43% of their potential. These estimates do not take […]

WB Loans Morocco $200 mln to Spur Small Agri-food Industries

The World Bank and Morocco signed a loan agreement worth $200 million in support of the second pillar of the Green Morocco Plan, particularly in the areas of promoting citrus and olive oil industries. The loan, signed by the World Bank and the Ministry of Economy and Finance, targets small and medium sized producers of […]