WB president David-Malpass

Pandemic aftershocks, Russia’s war in Ukraine dimming prospects for African trade

The effects from the COVID-19 pandemic aftershocks and the Ukrainian crisis have led to rising commodity prices, surging inflation, and shifts in the global financial situation that have transformed African trade and production capabilities, according to the latest figures published by the International Monetary Fund (IMF). After over-performing in its post-pandemic recovery in 2021, Africa’s […]

Tanger Med group revenue up 12.3% in 2024

Tanger Med Group, which manages the largest Mediterranean port, logistics and industrial zones, reported an annual 2024 revenue up 12.3% to $1.23 billion. The performance was largely on the back of higher container activity in the port, ranked 17th worldwide. Morocco’s Tanger Med port has widened the gap with other Mediterranean competitors, outperforming all with […]

IFC Teams up with Moroccan BCP Group to Enhance Microfinance in Sub-Saharan Africa

The International Finance Corporation (IFC) has sealed an agreement with Atlantic Microfinance for Africa (AMIFA), a subsidiary of the Moroccan Banque Centrale Populaire (BCP) Group, for developing new products and services to boost financial inclusion in Sub-Saharan Africa. The agreement will enable AMIFA to strengthen the development capacity of its microfinance program in Sub-Saharan Africa […]