Cameroonian saxophonist & Afro-jazz legend Manu Dibango

Tunisia might call on IMF for financing

The minister responsible for investment has voiced out that the country’s actual economic situation might force the government to ask for a precautionary standby credit line worth $2.5 billion from the International Monetary Fund.  He said they not completely ruling out the idea because they need the sum in order to give assurances to their […]

Senegal gets €76m credit facility from WADB for two development projects

Senegal has secured a €76-million credit facility from Lome-based West African Development Bank (French acronym BOAD) for the implementation of two development projects. The bank okayed the loan during its 137th extraordinary summit that took place on September 20 in Cote d’Ivoire. The first project, valued at €23 million, concerns the construction and exploitation of […]

EBRD promotes energy transition in Morocco’s mining sector with €13.6Mln Loan

The European Bank for Reconstruction and Development (EBRD) on Tuesday reaffirmed its support for Morocco’s energy transition by providing a €13.6 million loan to PROCANEQ, a company set up in Morocco in 2016 to provide mining subcontracting services to OCP Group. The EBRD financing, meant to step up the sector’s green transition, will be used […]