fayez-serraj

World Bank puts growth in Sub-Saharan Africa at 3% in 2024

The World Bank revised downwards economic growth in Sub-Saharan Africa to 3% instead of 3.4%, citing the impact of the war in Sudan. The forecast is still higher than the 2.4% registered last year, thanks to increased private consumption and investment, the Bank said in a recent report. The report forecasts growth of 3.9% for […]

Tough times ahead for Maroc Telecom after losing case to Inwi

Morocco’s largest telecom operator, Maroc Telecom, is expected to take a blow in terms of its profitability at the Casablanca stock exchange after losing a case brought by its competitor Wana Corporate. Maroc Telecom said it will appeal the decision by a commercial court in Casablanca ordering the operator to pay Wana corporate, known by […]

Egypt’s government to sell 60% of bond

The government is preparing to sell almost 60% of its bond in the next quarter. The decision is a U-turn on its strategy to cut long-term debt sales by 49% in expectations of the delayed IMF loan. The Finance Ministry will seek to sell 26billion pounds ($4.2 billion) in bonds maturing in 3years to 10years, […]