industrialization & ionfrastructure

WB Offers Morocco Precautionary Loan of $275 mln to Manage Disasters

Morocco and the World Bank inked a deal under which the North African country shall benefit from a precautionary line of 275 million dollars in the case of natural disasters. The deal was signed in Rabat by Finance Minister Mohammed Benchaaboun and Maghreb director at WB Jesko Hentschel. The World Bank had said in a […]

Algeria celebrates its first card payment!!!

“The operation was successful,” said an Algerian official in a supermarket in Algiers in front of an applauding crowd and state media. One would think that the comment came after the launch of a skyrocket. It was rather a celebration of Algeria’s first card payment. State media and local officials gathered around a liter of […]

Coup contagion fears threaten new investment, ratchet up interest rates in Africa — experts

The apparent coup trend in Africa, creating a belt of countries that now stretches from the Atlantic Ocean to the Indian Ocean, is adding to other major concerns deterring many investors from the continent — a wave of debt crises, tense geopolitics, and an extreme vulnerability to climate change. There have been nine coups in […]