EIB supports Moroccan SMEs hit by Covid-19 with €60 Mln funding

The European Investment Bank (EIB) has provided Moroccan CIH Bank with a €60 million funding destined to support SMEs affected by the global health crisis generated by Covid-19 pandemic. The two financial institutions signed on Wednesday an agreement to support Moroccan companies to stimulate the economic recovery from the impact of the pandemic. The EIB […]

US Sanctions Zimbabwe’s State Security Minister

The United States has imposed sanctions on Zimbabwe’s state security minister, Owen Ncube, that it accuses of “gross violations of human rights”. The US accuses Ncube of being involved in the state-sponsored violent crack-down on civilians that saw several people being shot dead by soldiers, while many others sustained injuries from beatings and other forms […]

Algeria’s Foreign Exchange Reserves Shrink to $88.61

Algeria’s foreign exchange reserves dwindled by $8.72 billion to $88.61 billion in June 2018, the Algerian news agency APS said. The rise in oil prices has not helped Algeria reduce the pace of its dwindling reserves, which dropped from $114.1 billion in 2016 and from $178 billion in 2014. Analysts say that even with oil […]