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IMF Urges Tunisia to Cut Fuel Subsidies

The International Monetary Fund (IMF) urged Tunisia to cut fuel subsidies and trim its public-sector payroll in a bid to lower budget deficit. “It is necessary to reduce unfair energy subsidies through increases in domestic energy prices that follow international oil prices,” the IMF said in a statement. “The public-sector wage bill is very large […]

OCP Raises 5 Billion Dirhams in Perpetual Bond Issue Fully Placed with Institutional Investors

OCP Group, the Moroccan phosphate giant, has completed a 5 billion dirham issue of perpetual subordinated bonds through a public offering fully subscribed by domestic institutional investors. The transaction reinforces the group’s economic equity and financial flexibility, and sits within its broader strategy of proactive capital management in support of its industrial transformation and sustainable […]

RwandaAir, Qatar Airways Cargo team up to launch new African cargo hub

RwandAir has partnered with Qatar Airways to launch a major new African cargo hub — Kigali Cargo Hub — to help Rwanda’s flag-carrier develop its capital, Kigali, into a regional cargo powerhouse. The new Kigali Cargo Hub is part of a long-term strategic plan for the cargo division of RwandAir, which has seen cargo carried […]