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AfDB to provide $350m to Egypt before end of 2023
Abdourahmane Diaw, the African Development Bank (AfDB) country manager for Egypt, has revealed the Abidjan-based lender will provide the North African country with $350 million in financing for public and private development projects before the end of 2023. The financing will go to the private sector via credit lines to loaning companies and bank and […]
Algeria: Former Minister sentenced to 7 years in prison for corruption
Former Algerian Finance Minister Mohamed Loukal was sentenced on Thursday to seven years in prison for corruption. The financial and economic criminal division of the Court of Sidi M’hamed (Algiers) prosecuted Loukal for his involvement in corruption cases, under his position as former director general of the External Bank of Algeria (BEA), local media reported. […]
Morocco’s King commemorates Laylat Al Qadr
King Mohammed VI, flanked by Crown Prince Moulay El Hassan and Prince Moulay Rachid, commemorated Wednesday night in Rabat Laylat Al Qadr, marking the night when God revealed the Holy Koran to Prophet Muhammad. The Monarch performed the prayers of Al-Icha and Taraouih, along a limited number of participants to respect confinement and social […]



