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COP22: WB & Morocco to establish GGIF for Africa fund to boost green economy in Africa

Morocco and the World Bank Wednesday agreed during the finance summit of the UN conference on climate change (COP22) in Marrakech to launch the “Green Growth Infrastructure Facility for Africa” tasked to spur green economy on the African continent and pull together environment-friendly private and public investments. GGIF for Africa is first true green economy […]

Sudan’s infighting triggers worst internally displaced crisis in the world

At least 9.1 million Sudanese civilians have been forced to internal displacement following 14 months of a civil war that shows no end in sight, according to UNHCR figures. “Sudan now has the largest internally displaced population ever reported,” UNHCR said in a recent report. Some 2 million people managed to flee to neighboring countries, […]

Saudi sovereign wealth fund launches investment company in Egypt

The Public Investment Fund (PIF) of Saudi Arabia launched the Saudi-Egyptian Investment Company (SEIC) that will invest in swathes of Egypt’s economy from infrastructure and real estate to pharmaceuticals. The fund in a statement said SEIC is interested in the country’s promising sectors including infrastructure, real estate development, healthcare, financial services, food and agriculture, manufacturing, […]