Egypt’s AAIB bank raises $500 mln in green bond

Egypt’s Arab African International Bank (AAIB) issued Africa’s largest private green bond worth $500 million to fund its sustainable development operations. Three renowned development financial institutions: the IFC, the EBRD, and British International Investment (BII) teamed up in this issuance, subscribing to the entire bond. The bond is also reflective of a strong commitment to […]

Will Staffan de Mistura be the next UN Sahara Envoy?

Italian-Swedish diplomat Staffan de Mistura has been reportedly picked by the UN Secretary General to be the next Sahara envoy in replacement of German Hosrt Kohler who resigned in May 2019 for “health reasons”.   Mr.Staffan, 74, had served as UN special envoy for Syria (2014 to 2019), special representative of UN Secretary General for […]

Moroccan Banks, Launchpad for Investments in Africa- Stratfor

Moroccan banks across Africa serve as a launchpad that will allow Moroccan and European businesses to expand in the continent, Stratfor, a US firm specializing in risk analysis, said in a recent report. The report shows that Morocco has become a key investor in Sub-Saharan Africa owing to the strength of its financial sector. “As […]