Serbian FM Nicola Selakovic with moroccan FM nasser_bourita

EBRD and IFC Join Efforts to Boost Start-ups in North Africa

The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have launched lately a joint initiative to strengthen start-ups in North Africa. Commenting the joint move, EBRD Chief Operating Officer Jean-Marc Peterschmitt said: “we will adopt an integrated approach to increase our input and counter the challenges that early-stage tech start-ups […]

Egypt’s Commercial International Bank gets $150m loan from EBRD to cushion against economic risks

Commercial International Bank or CIB, one of Egypt’s leading private banks, has signed up for a $150 million loan from the European Bank for Reconstruction and Development (EBRD) to cushion against economic risks, a bourse statement said. Per the statement, the loan has a maturity of 10 years and will be used to optimize the […]

Council of Europe: Morocco re-elected Vice-Chair of executive committee of North-South Center

Morocco has been unanimously re-elected as Vice-Chair of the Executive Committee of the European Center for Global Interdependence and Solidarity of the Council of Europe , commonly referred to as the “North-South Center”. Morocco’s re-election to the vice-presidency of the Center’s Executive Committee, for another two-year term, falls within the context of the renewal of […]