World Bank

Morocco Urges Algeria to Respond Officially to King’s Call for Dialogue

Morocco has urged Algeria to respond officially to the proposal solemnly made by King Mohammed VI on November 6 for a direct and candid dialogue between the two neighboring countries in order to dispel the transient and objective differences that are impeding the development of bilateral relations. This came at a meeting held Monday in […]

Saudi startup supporter VMS acquires minor stakes in Egyptian startup accelerator ‘Cash Cows’

Saudi Arabia-based venture studio VMS has acquired a minority stake in Egyptian start-up accelerator ‘Cash Cows’ as part of a strategic partnership agreement aimed at supporting the entrepreneurial ecosystem in both countries, reports say. ‘Cash Cows’ in a press release indicated that the partnership aims to bring together resources, expertise and support to help the […]

EU to deploy military force to Mozambique; Rwanda, SADC also send troops to fight rebels

Mozambique’s ability to adequately fund government ministries – including its military – has been hamstrung by tight fiscal rules imposed by the International Monetary Fund as conditions for granting loans. Now, Maputo must reluctantly invite foreign forces onto its territory, something its fiercely independent government has long resisted doing. The European Union has created a […]