King Roi-Mohammed-VI-King Abdallah-II-

French-Algerian spat to speed up closure of Renault plant in Oran

Facing hurdles since 2020, the Renault factory on which the Algerian regime pinned high hopes braces for a total shutdown, marking an utter fiasco of the automotive industry in the Maghreb country, at a context of tense ties between Paris and Algiers. In 2012, Algerian authorities under then President Bouteflika convinced Renault to set up […]

German loan for modernization of Casablanca rail network

Morocco’s National Railway Office (ONCF) has secured a $225 million loan from German development bank KfW to modernize Casablanca region railway network. The German funding follows a $350 million loan approved by the World Bank in June, both supporting the “Service Intra-métropolitain Rapproché” (SIR) program. The SIR seeks to establish an electrified passenger rail service, […]

Sudan raises microfinance lending ceilings in bid to ease inflation pressures

The Central Bank of Sudan announced Monday a significant increase in lending limits for micro and small-scale finance, as authorities seek to cushion the effects of soaring inflation and stimulate economic recovery.   The policy shift, outlined in a Circular, forms part of the bank’s broader 2026 strategy aimed at deepening financial inclusion and supporting […]