egypt-air

WB expects Morocco’s growth to reach 2.5% in 2023 & 3.3% in 2024

Morocco’s economic growth is expected to reach 2.5 pc in 2023 before rebounding to 3.3 pc in 2024, according to the World Bank’s latest Global Economic Prospects report. The persistent drought and high inflation are weakening growth in Morocco, with unemployment rising to above its pandemic peak in March 2023, said the WB. However, growth […]

NORTH AFRICA PIVOTS TO BLACK SEA WHEAT AS RUSSIA DOMINATES REGIONAL SUPPLY

North Africa’s wheat import landscape has undergone a dramatic transformation, with Black Sea suppliers now controlling 75 percent of the market as European Union share plummets to 25 percent, according to the U.S. Department of Agriculture’s latest analysis. The region, comprising Egypt, Libya, Tunisia, Algeria, and Morocco, represents 15 percent of global wheat imports. During […]

World Bank loans Tunisia €82.5m to support covid-19 vaccine campaign

Tunisia Thursday subscribed for a €82.5 million loan from the World Bank, destined to support the vaccination campaign against the COVID-19 pandemic.   The agreement for the subscription, in the pipeline since December, was signed by Tunisian Finance Minister Ali Kooli and WB Manager for Tunisia. The loan will come to maturity in 2039 at […]