public mony squandering

Ethiopia backs Morocco’s efforts to find a political solution to Sahara issue

African economic powerhouse, Ethiopia, expressed support for the efforts led by Morocco to find a lasting political solution to the Sahara conflict within the umbrella of the UN. This came during a videoconference between foreign minister Nasser Bourita and his Ethiopian peer Demeke Mekonnen Hassen, who reiterated his country’s attachment to resolution 693 of the […]

EU supports Morocco’s Covid-19 response with €169 Mln

The European Union announced on Wednesday a €169 million support package for Morocco to enable this country enhance further its medical response to the coronavirus pandemic and put in place measures to mitigate its socio-economic impact. EU Neighborhood commissioner Olivér Várhelyi said : “Today’s disbursement shows that the European Union stands by Morocco in its […]

Africa: AfDB- Natixis $50 million agreement to boost trade finance

The African Development Bank has signed a $50 million risk participation agreement, APR, with investment and corporate bank Natixis. The 50/50 risk-sharing agreement covers a portfolio of commercial transactions totaling $100 million, which will support commercial operations worth $600 million in Africa over the next three years, said the African financial institution in a press […]