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Morocco, World Bank sign Rapid Response Option Agreement

Morocco and the World Bank (WB) signed in Rabat Monday the Rapid Response Option (RRO) agreement, a significant step in enhancing the Kingdom’s capacity to swiftly address emergencies and provide crucial support to its citizens. The agreement was signed by Minister of Economy and Finance, Nadia Fettah, and WB Country Director for the Maghreb and […]

Egyptian corporation acquires 20 shipments of LNG for $907M to meet domestic needs

The Egyptian government has finalized the purchase of 20 shipments of Liquefied Natural Gas (LNG) worth approximately $907 million to meet the country’s domestic energy demands between October and December 2024, according to undisclosed sources cited by Reuters. The procurement, overseen by the Egyptian General Petroleum Corporation (EGPC), features a six-month deferred payment plan. This […]

Inflation-hit Nigeria to criminalize corn exports to meet local needs

Nigeria’s senate plans to pass legislation to criminalize the export of corn amid concerns over hunger and rising staple prices in Africa’s most populous nation. Nigeria has been grappling with a worsening food inflation which surged to 39.16% in October this year. This inflation has been exacerbated by climate conditions, currency devaluation and the removal […]