ECOWAS

WB backs Morocco’s digitalization & inclusive growth with $500 Mln funding

The World Bank announced on Tuesday a $500 million funding to help Morocco speed up its digital transformation and enhance its economic and social inclusion. The WB financial support will serve to improve financial inclusion and access to more competitive digital infrastructure and services for businesses and individuals. It also aims to spur private sector […]

Algeria: Shortage of cooking oil provokes long queues, stampedes

Cooking oil has become a rare commodity in Algerian stores forcing people to wait in long queues before stores and to strict rationing. Stampedes were seen across the country as people panic while waiting for this consumer good. Algerian officials, including President Tebboune, have long attempted to hide the sun with a sieve by denying […]

COVID 19: EIB Supports Moroccan Private Sector with €440 million

The European Investment Bank Group (EIB) announced a financial support for the private sector in Morocco worth €440 million, notably through its credit lines with Moroccan financial institutions. The loan is intended to assist Morocco in addressing the impact of COVID-19 on the economy. “These credit lines dedicated to financing the private sector would be […]