Beltone Holding announced that its subsidiary, Beltone Leasing and Factoring, has signed a leasing and factoring agreement with Madkour Group, totaling EGP 400 million. The agreement includes a sale and leaseback arrangement for Madkour Group’s administrative unit assets at the “Zizinia” project in New Cairo, valued at EGP 300 million. Additionally, it provides EGP 100 […]
The World Bank Group approved a $45 million loan to the Central African Republic to support the construction of a solar power plant near capital Bangui. The project, to have a capacity of 25 MW, will accelerate the economic development of the country, according to the government. The implementation is scheduled to begin in August […]
Credit rating agency Moody’s maintained Morocco’s BA1 positive ranking, and noted that the country’s credit strengths reflect a structural shift towards higher value-added export industries and fiscal improvements, which could lead to stronger non-agricultural growth and a stabilization and gradual reduction in public sector debt. “Morocco is strategically positioned within global value chains in the […]
