Electroplast

IFC Teams up with Moroccan BCP Group to Enhance Microfinance in Sub-Saharan Africa

The International Finance Corporation (IFC) has sealed an agreement with Atlantic Microfinance for Africa (AMIFA), a subsidiary of the Moroccan Banque Centrale Populaire (BCP) Group, for developing new products and services to boost financial inclusion in Sub-Saharan Africa. The agreement will enable AMIFA to strengthen the development capacity of its microfinance program in Sub-Saharan Africa […]

CAF President welcomes Morocco’s bid to host AFCON 2025

The president of the Confederation of African Football (CAF), Patrice Motsepe, said he was “thrilled” to receive applications from countries interested in hosting the Africa Cup of Nations (AFCON) 2025, saying the objective is “to organize the best competition in Africa”. Patrice Motsepe made the statement upon arrival Saturday in Rabat to attend the final […]

Egypt’s current account deficit soars as Suez Canal revenues plummet

Egypt’s current account deficit more than doubled to $5.9 billion in the July-September 2024 quarter, up from $2.8 billion in the same period last year, according to the Central bank on January 16. A significant contributor to this widening deficit was a sharp drop in Suez Canal revenues, which fell by 61.2% to $931.2 million, […]