Commercial International Bank, CIB, of Egypt has secured $148 million from the African Development Bank (AfDB), in form of financial package earmarked to support Small and Medium Enterprises (SMEs) as well as trade amid a shortage of foreign currency in the North African country due to complex endogenous and exogenous macro-economic and geopolitical factors. Including […]
The African Development Bank Group has announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest measure taken by the Bank to respond to the pandemic and will be the institution’s primary channel for its efforts to address the crisis. It provides up […]
The adherence of six parties to the new governmental coalition gave the head of the Government Saad Eddine El Othmani a comfortable majority of 240 seats out of 395, leaving the opposition to liberal PAM with 102 seats. Numerically weak, PAM will be facing a government coalition with a sweeping majority composed of the PJD […]
