King Mohammed VI & President Bongo

Morocco Ranks as World Bank’s Eighth Largest IBRD Borrower with $1.77 Billion

Morocco secured $1.77 billion in World Bank financing during fiscal year 2025, positioning itself as the institution’s 11th largest recipient overall and eighth largest borrower from the International Bank for Reconstruction and Development (IBRD), according to newly released Bretton Woods statistics. The World Bank’s total commitments reached $80.8 billion for the fiscal year ending June […]

Egypt to set up yacht manufacturing company as part of yacht tourism promotion

Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats, State-run journal indicated Thursday December 7. Per the State-run media, the future company will manufacture, maintain, and export yachts and maritime units. The Suez Canal for Modern Boats will have a value of $5.1 million. It […]

African Civil Society Wants AU to Put End to Ordeal of Sub-Saharans in Algeria

Civil society associations in Guinea, Gabon and Niger have urged the African Union to put the issue of the human rights violations by Algerian authorities against Sub-Saharan migrants on the agenda as Algiers continues arbitrary expulsions of would-be migrants who are often abandoned in the desert on the borders with Niger. At a time the […]