The International Finance Corporation (IFC), the World Bank’s arm for the development of the private sector in developing countries, has signed a partnership agreement with Orange Bank Africa (OBA), Orange Group’s digital bank, to “enable the smallest businesses in West Africa to access the financing they need to grow”. As part of the deal signed […]
Algeria’s public finances are under mounting pressure after a dramatic drop in budget revenues in 2024, driven by falling hydrocarbon income and sluggish non-oil tax collection, according to the Bank of Algeria’s. Total budget revenues fell by 22.66% year-on-year, with hydrocarbon revenues plunging by 31.13% and non-hydrocarbon revenues declining by 13.50%, the Bank said in […]
King Mohammed VI’s long-awaited official visit to Russia will take place as of March 13. The announcement was made Friday by the Ministry of the Royal Household, Protocol and Chancellery, which said in a communiqué that during the visit, the king will hold official talks with President Vladimir Putin and that the two leaders will […]
