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World Bank urges Mauritania to diversify economy for sustainable growth

The World Bank has urged Mauritania to adopt decisive reforms to safeguard macroeconomic stability and promote more inclusive and sustainable economic growth. In a statement shared on social media, the Bank stressed the critical need for economic diversification, highlighting the overreliance on the mining sector as a major vulnerability. It recommended that revenues from mining […]

Egypt, Greece to carry out feasibility studies for underwater electricity interconnection project

Egypt and Greece are working to hire an international consultancy office to carry out feasibility studies for the $4 billion electricity interconnection project between the two countries, Asharq Business reports, citing 3 unnamed sources familiar with the matter. “Selecting a consultant is the most important step of the project,” one of the sources said, adding […]

EBRD supports Moroccan cheese-maker with additional €3.5 Mln funding

The European Bank for Reconstruction and Development (EBRD) announced on Tuesday an additional €3.5 million loan to Land’Or Maroc Industries (LMI), a Moroccan subsidiary of Land’Or, a leading Tunisian producer of processed cheese. The new financing will enable LMI to purchase and install additional equipment and build a storage extension at its new cheese manufacturing […]