Ethiopia attempt against pro-PM demo

Egypt: Bankruptcy evident if situation continues

President Morsi’s outstanding powers has led to demonstrations in the streets demanding him to relinquish them and it has made it effects on Egypt’s benchmark stock index is as it fell by almost 10% in the first trading session since the presidential decrees. The ongoing political tensions in an already paralyzed economy spread swiftly through […]

KfW supports Morocco’s financial system reform with €165 Mln funding

German Development Bank (KfW) has pledged to provide Morocco €165 million funding to continue reforming its financial system which has shown resilience to external shocks. The KfW financial support includes a €150 million loan and a €15 million grant. Funding agreements were inked Wednesday in Rabat by Economy & Finance Minister Nadia Fettah and Head […]

Tunisia: IMF extends loan arrangement

A press release from the International Monetary Fund (IMF) has announced that Tunisia’s Stand-By Arrangement (SBA) for a loan around $1.75 billion has been extended to the end of year in order to give time to the authorities of the North African country to “implement the policy measures needed to deliver on forward-looking commitments—notably on […]