Turkish FM Mevlüt Çavuşoğlu with Bourita in Rabat

IFC to invest $100m in Nairobi-listed Diamond Trust Bank to back SMEs hit by pandemic

International Finance Corporation (IFC) will invest 12.18 billion shillings ($100 million) in Nairobi-listed Diamond Trust Bank (DTB) to support small and medium enterprises (SMEs) impacted by Covid-19, Zawya reports, citing Kenyan Wall Street newspaper. The investment will be in senior debt under its Covid-19 emergency response working capital solutions scheme (WCS FIGE). IFC initiated the […]

EU supports Nigerian Ngozi Okonjo-Iweala’s candidacy to World Trade Organization

The European Union has chosen its candidate to the helm of the World Trade Organization (WTO), the Nigerian Ngozi Okonjo-Iweala. The EU ambassador in Geneva has officially announced this choice on Tuesday, October 27.   Nigeria’s former Minister of Foreign Affairs and of Finance and former number two at the World Bank Ngozi Okonjo-Iweala would […]

Morocco’s Foreign Investment Surges 63% in First Quarter of 2025

Morocco recorded a dramatic 63% increase in foreign direct investment during the first quarter of 2025, signaling robust investor confidence in the kingdom’s industrial transformation and strategic positioning as a nearshoring hub for European markets. According to Investment Minister Karim Zidan, Morocco attracted over 9.15 billion dirhams ($992 million) in net FDI flows by March […]