UK-based finance institution British International Investment (BII) and the African Guarantee Fund (AGF) have signed a $75 million re-guarantee agreement for small and medium enterprises (SMEs) across Africa, Zawya reports. The fund, according to BII, will provide credit guarantees to partner financial institutions for up to 75% of the risk on SME loans, thus increasing […]
Africa is poised to play a leading role in energy transition as it continues to attract prime investors thanks to its large deposits of critical minerals, African Development Bank chief Akinwumi Adesina said. Speaking at the opening of the African Investment Forum in Rabat, Adesina said Africa holds 95% of chromium, 90% of Platinum Group […]
Moroccan authorities and army are racing the clock to offer decent temporary shelters to the earthquake-hit population in the Atlas mountains, defying the difficult terrain and vast affected area. The 7 magnitude tremor hit a week ago killing around 3000 people and destroying many traditionally-built villages in the provinces of Al Haouz, Taroudant, Chichaoua and […]
