Global Forum on Migration and development in Quito Ecuador

AMF grants Morocco $127 Million Loan

The Arab Monetary Fund has granted Morocco a $127 million loan to provide financial resources to meet the country’s needs amid the global COVID-19 crisis, the Arab financial institution announced this Wednesday in a statement. The loan agreement was signed earlier this month by Morocco’s Economy and Finance Minister Mohamed Benchaaboun and the General manager […]

Ethiopia to commission the Genale Dawa III hydroelectric dam

Ethiopian Deputy Minister of Water and Irrigation, Frehiwot Woldehanna has announced that the Genale Dawa III hydroelectric dam would be commissioned in the second half of 2019. According to China Gezhouaba Group Company (CGGC, the contractor in charge of the project, the dam will start supplying electricity to the national grid by the second half […]

Africa’s crypto winter: arrest of FTX’s boss prompts calls for tighter regulation

At the heart of the Africa’s crypto boom was FTX, an international exchange run by US crypto guru Sam Bankman-Fried, whose collapse in November has sent shockwaves across the continent, along with calls for more regulation. An unknown number of African customers held funds on the Bahamas-based platform, as did numerous African startups. On Tuesday […]