Libya

EU Greenlights an €800 million Package of Financial Guarantee Programs in Africa, Neighborhood

As part of its External Investment Plan, the EU Tuesday gave its green light to a package of financial guarantee programs worth around €800 million. This will help to leverage an estimated €8-9 billion in public and private investment in Africa and the Neighborhood, the European Commission announced in a press release. The decision is […]

COVID-19: WB helps Palestine tackle health crisis with $6m

The World Bank has granted the Palestinian Authority (PA) $6 million to help it meet medical challenges amid the spread of the Coronavirus pandemic, the Palestinian Press Agency (SAFA) reported. The Washington-based institution announced the grant Friday indicating that money will be used to enable the PA to meet the urgent health requirements for the […]

Soaring food prices hamper Ramadan celebrations around Africa

During the ongoing holy month of Ramadan, millions of Muslims around Africa are feeling the pinch of inflation, as food and energy prices have been soaring in the wake of the Russia- Ukraine war and also due to the lingering effects of the Covid-19 pandemic and climate change-related events on the global economy. African countries, […]