TE-Connectivity-tangier

EBRD greenlights $25m loan to Egypt-based UMC

The European Bank for Reconstruction and Development (EBRD) has rubber-stamped the loan of $25 million for Egypt-based United Metals Company (UMC). The funding is aimed at backing the company’s working capital needs amidst the COVID-19 pandemic. The loan will enhance the Company’s financial resilience to withstand the potential negative implications of the COVID-19 pandemic through […]

Moroccan Dirham, safe-haven currency in West Africa & Sahel

The Moroccan currency is increasingly used in markets across West Africa and the Sahel, marking a significant shift in a region that has long been anchored to the CFA franc, tied to the French central bank. Although 14 African states still officially use the CFA franc, the Moroccan dirham has begun to circulate more widely […]

Fog of War Looms over Egyptian-Sudanese Relations

Tension in relations between Egypt and Sudan has been soaring on the backdrop of the two countries’ diverging foreign policy stands along with an unresolved territorial dispute over the Halaib triangle and disagreements concerning the distribution of the Nile water, in the wake of Ethiopia’s building of a mega dam over the river. The long-brewing […]