This year’s African Investment Forum (AIF), the continent’s premier investment platform, attracted a record $63.8bn in investment pledges for infrastructure projects, but experts warn of historically low success rates in bringing projects into fruition. The vast networking event brings together African entrepreneurs, decision-makers, bankers. In 72 hours, the African Development Bank (AfDB) and its partners […]
The ongoing Gaza conflict has severely affected Egypt’s economy, leading to a sharp 70 percent drop in Suez Canal revenues Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said. In an interview with Youm7, Georgieva acknowledged Egypt’s commitment to advancing crucial economic reforms despite the challenges posed by regional instability. Georgieva announced plans […]
Morocco’s navy will be bolstered with the acquisition of two Spanish patrol boats made by Navantia, state-owned shipbuilding company, which offers its services to both military and civil sector. The deal, worth €260 million, was reported by Far-Maroc, a website specializing in Moroccan defense news. “Morocco is in a pressing need of patrol boats of […]
