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 […]
The Italian government has donated €1.5 million ($1.7 million) to the United Nations Relief and Works Agency for Palestinian Refugees (UNRWA) to provide health services for Palestinian refugees in Lebanon while Russia has pledged $10 million. UNRWA has been raising money to support refugees in Palestinian territories after the U.S., known as the largest contributor […]
The new Libyan Prime Minister Fathi Bashagha banned on Tuesday implementation of any decrees or instructions issued by the outgoing Government of National Unity (GNU), led by Abdul Hamid Dbeibeh, Libya Update reports. The former interior minister addressed a letter to the heads of institutions, departments, bodies, agencies, public companies, state-owned commercial companies, and mayors […]
