Pope Francis

AfDB lends Morocco Over €600 Mln to fund four inclusive development projects

The African Development Bank has agreed to provide Morocco four loans totaling over €600 million to enable the North African Kingdom build a 105-km long highway, enhance territorial competitiveness, modernize the university, and support sustainable forest development. The agreements were signed Wednesday in Rabat by Minister in charge of the budget Fouzi Lekjaa and the […]

Ethiopia’s president calls for negotiations to end civil war in Tigray region

Ethiopia’s president Sahle-Work Zewde has reiterated calls for negotiations and other peaceful resolution means to end the country’s nearly two-year civil war. “The government has stated clearly that it will always keep the door open for peace,” Zewde said that while addressing the Ethiopian parliament on October 10. “We continue to urge for negotiations without […]

Saudi investment company in Egypt to acquire 25 per cent of fertilizer giant MOPCO

The recently launched Saudi-Egyptian Investment Company (SEIC) is set to acquire 25 per cent of stakes in Egyptian fertilizer giant Misr Fertilizers Production Company (MOPCO) for an unrevealed amount. The deal, Arab Finance reports citing a source who asked not be named, might have been executed Tuesday or it would be carried out this Wednesday […]