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Egypt seeks to get $1.5bn loans before 2016

Egypt is seeking to get $1.5 billion loans from the World Bank and the African Development Bank as fears increase that the Egyptian pound would be devalued if the dwindling foreign currency reserves go below $15 billion. The country has been struggling since 2011 to stabilize its economy and finances shaken by the protests that […]

Africa’s CDC hopes continent will benefit from Morocco’s vaccine push

Head of the African Centre for Disease Control and Prevention (CDC) welcomed Morocco’s plan to manufacture Covid-19 vaccines locally, saying that the continent stands to benefit from this step. Speaking following talks in Rabat with Morocco’s Foreign Minister, CDC chief John Nkengasong commended the efforts made by Morocco which so far vaccinated 45% of its […]

New dawn for Ghanaian, Ivorian cocoa farmers

Côte d’Ivoire and Ghana – the world’s top two cocoa producers – have teamed up to impose a minimum floor price for Cocoa beans. The two West African countries are working together to address the unfavorable global cocoa pricing regime to reduce the vulnerability of both nations to the volatility of the markets, Ghana’s President […]