Despite the surging interest, Libya continues to close its door to foreign banks on the basis that the legal framework is still under preparation. One of the latest banks to have its request rejected on numerous occasions by the Libyan Monetary Authority (LMA) is the National Bank of Egypt (NBE) according to reports. The NBE […]
The African Development Bank has agreed to provide Morocco four loans totaling over €600 million to enable the North African Kingdom build a 105-km long highway, enhance territorial competitiveness, modernize the university, and support sustainable forest development. The agreements were signed Wednesday in Rabat by Minister in charge of the budget Fouzi Lekjaa and the […]
Global food crisis is one of Russia’s “weapons of war“, said French President Emmanuel Macron during a visit to Cameroon on Tuesday (26 July), dismissing suggestions Western sanctions were to blame. It’s Macron’s first foreign trip since his re-election as he seeks to reset France’s post-colonial relationship with the continent. The French leader specifically denounced […]
