Arab League

Libya: Rival governments unite for LIA against financial institutions

Fighting between Libya’s two rival governments continues and efforts to end it have still proven unsuccessful but the two parties have decided to unite behind the Libyan Investment Authority (LIA) in its battle in court against Goldman Sachs and Société Générale. Delegates of the Tobruk and Tripoli governments agreed in Berlin on Thursday to forgo […]

Africa: $11bn mini-grids fund to bring energy to 100 million people

Crossboundary Energy Access (CBEA), Africa’s first project financing facilities for mini-grids, is planning to unlock more than $11 billion from investors to bring electricity to at least 100 million people on the continent. The new financing facility attracted $16 million in its first close – enough to fund mini-grids that could connect 170,000 people, according […]

Morocco: FDI Flow, Expatriates’ Remittances Grew in 2017

Remittances of Moroccans living abroad, one of the main source of foreign exchange reserves in Morocco, grew by 4% in the first eleven months of 2017 to stand at 60.2 billion dirhams ($6.5 bln), while FDI flow in the country grew by 13.2% to 21.8 billion dirhams over the same period compared to 19.3 billion […]