The African Development Bank Group board of directors approved Wednesday a 450 million euro non-sovereign partial credit guarantee benefiting the Phosphates Office Group. This financing instrument, deployed in Morocco for the first time, aims to enable OCP Group to mobilize loans up to 530 million euros from international financial institutions aligned with its green financing […]
Egypt’s telecom company, Telecom Egypt has tasked Nokia International to build the country’s Internet of Things (IoT) infrastructure expected to spur improvement of businesses. The deal signed between Adel Hamed, managing director and CEO of Telecom Egypt, and Henrik Fall, head of cloud services and networks in the Middle East and Africa at Nokia, will […]
The International Bank for Reconstruction and Development, IBRD, has lent Tunisia €18.3 million earmarked for the fight against the COVID-19 health crisis. The Tunisian cabinet Friday validated the loan, which was signed on May 11. The North African country needs $157 million in addition to external sources to roll out anti-covid-19 national policy. The IBRD […]
