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Burundi secures $271m loan facility from IMF to support economic reforms

The International Monetary Fund’s executive board has rubber-stamped a $271 million Extended Credit Facility meant to address the country’s protracted balance of payments needs, rebuild external buffers and support the government’s reform agenda. The Washington-based financial bilateral lender will disburse $62.6 million immediately. The loan is Burundi’s first Upper Credit Tranche-quality arrangement with the IMF […]

American STG to Install Phone Assembly Plant in Morocco

The American STG (Secure Technologies Group) will install around 2019-2020 a phone assembly plant in Morocco, announced the group’s founder Adnan Ouassini. Adnan Ouassini, a Moroccan entrepreneur born in Tangier, established STG in 2008 in Silicon Valley in the United States through Technology Capital Invest (TCI), an investment holding company in new technologies, also founded […]

Tunisia: Presidential candidate Ayachi Zammel provisionally released and re-arrested

Presidential candidate Ayachi Zammel was released on Thursday September 5 by the Correctional Chamber of the Manouba Court of First Instance, after his defense team requested a postponement of the case until September 19 to prepare their defense. However, shortly after his release, Tunisian police re-arrested him late Thursday, just minutes following the judge’s order, […]