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Mauritania: Festival of ancient cities draws down curtains

The third edition of the Mauritanian festival of ancient cities has come to an end in the city of Tichitt with a prize awarding ceremony. Prizes worth 33 million Ouguiyas were thus granted to 25 winners while certificates were handed out to various participants and individuals who have contributed to the success of the festival. […]

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 […]

Moroccan Pharmaceutical Maker Galenica Opens Door to Russian and Eurasian Market

Moroccan drugmaker Galenica has shipped its first pharmaceutical export to Russia in partnership with Asia Pharm Group, a milestone the company describes as a historic first for a Moroccan, Arab and African pharmaceutical laboratory entering the Eurasian Economic Union market. The shipment follows Galenica becoming the first Moroccan, Arab and African drugmaker to obtain GMP […]