Marrakech at sunset

African Development Bank approves 450 million euro guarantee for OCP green investment program

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 […]

Fresh vote of no confidence targets Tunisian parliament speaker; cabinet reshuffle still stalled

As many as 73 Tunisian lawmakers have signed a petition seeking to unseat the speaker of parliament, Rached Ghannouchi, who managed to secure his position in July after a similar motion failed. The petition according to two of its signatories, Mongi Rahoui and Zouhaier Maghzaoui, is ready but has not been submitted to the parliament […]

Africa: Banks, Insurance companies help fight Covid-19

As Coronavirus pandemic is continuing its spread in Africa, banks and insurance companies offer their support to governments in fighting the pandemic. The pan-African banking group UBA, whose head office is in Nigeria, announced in a press release that it makes available to 20 African countries, a donation of 8 billion FCFA to enable these […]