King Mohammed VI Prince Moulay Hassan

Burkina Faso: Coris Bank holding chairman elected President of Private Employers’ Council

Idrissa Nassa, the President of Coris Bank Group, one of Burkina Faso’s successful companies, has been elected new President of Le Conseil National du Patronat Burkinabe (CNPB), the country’s private employers’ council. The 59-year business tycoon beat rival and incumbent council’s President Apollinaire Compaoré, founder of Planor Afrique Group by 119 votes against 54. He […]

Tunisian Prisons are Overpopulated, Justice Minister

Tunisian Justice Minister Monday sounded the alarm over the “catastrophic” conditions of inmates in the country’s prisons. “Detention centers in Tunisia are extremely overpopulated,” Ghazi Jeribi told a parliament committee on Monday. Over 20,000 people have been locked up in the country’s few prisons, exceeding the capacities of these centers. The overpopulation has been estimated […]

EBRD greenlights $25m loan to Egypt-based UMC

The European Bank for Reconstruction and Development (EBRD) has rubber-stamped the loan of $25 million for Egypt-based United Metals Company (UMC). The funding is aimed at backing the company’s working capital needs amidst the COVID-19 pandemic. The loan will enhance the Company’s financial resilience to withstand the potential negative implications of the COVID-19 pandemic through […]