Africa is losing an estimated $88 billion annually through illicit financial flows (IFFs), depriving nations of vital resources for healthcare, education, and infrastructure, according to the African Union (AU). The AU and experts warn that tax evasion, money laundering, and profit-shifting by multinational corporations, often aided by weak regulations and corrupt elites, are draining the […]
The African Development Bank Group board of directors approved Wednesday a 450 million euro non-sovereign partial credit guarantee benefiting the Phosphates Office Group. This financing instrument, deployed in Morocco for the first time, aims to enable OCP Group to mobilize loans up to 530 million euros from international financial institutions aligned with its green financing […]
Tensions are still tense in Palestine over the death of an 18-month-old Palestinian toddler in an arson attack suspected to be carried out by Jewish extremists on Friday. Clashes and demonstrations continued on Sunday at the Temple Mount in Jerusalem with reports that two Palestinian teenagers were shot dead on Saturday by Israeli snipers during […]
