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IMF urges African economies to tap into domestic financial markets to reduce reliance on foreign debt

The IMF urged African and other emerging economies to develop domestic financial markets to reduce reliance on volatile external borrowing. In its April 2025 Global Financial Stability Report, the IMF warns that high real interest rates globally have made external financing more expensive and less accessible, especially for frontier markets in Africa. Tunisia was identified […]

Morocco, Turkey sign MoU on competition policies

Turkey and Morocco have signed a Memorandum of Understanding (MoU), vowing to establish an advanced partnership to promote cooperation in the field of competition policies and enforcement of competition laws in force in both countries, and to meet the challenges of “competition on markets.”   Morocco’s Competition Council President Driss Guerraoui and his Turkish counterpart […]

Burundi-DRC-Tanzania cross-border electrified railway to speed up intra-African trade

Burundi and Tanzania have floated a tender for designing and constructing about 282 kilometers of electrified railway, part of East Africa’s wider cross-border electric railway line plans aiming at boosting the competition for cargo business in the region and helping the region tap a US$3 trillion single market opportunity. What will be the continent’s second […]