Corona Mauritania

Abundant Rainfall Augurs well for Morocco’s Crop Year, Water Storage

The abundant rainfalls witnessed in Morocco in winter and early spring of 2018 are auguring well for the agricultural sector and the country’s water reserves. The dam filling rate increased to 69.2% by April 16, with rainfall ranging between 100 to 120 mm in the north and 30 to 60 mm in the center and […]

Fresh financing deal: Egypt gets $1.5 billion from ITFC to finance petroleum & basic commodities imports

The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.5 billion, a new financing agreement earmarked for imports of petroleum and basic commodities. Hani Sonbol, ITFC CEO announced the agreement to Bloomberg Asharq adding that the amount includes $800 million for petroleum imports and $700 million for basic commodities. The new deal is […]

Uncertainty over AGOA casts shadow on African trade as U.S. tariffs weigh on markets

Talks over the future of the African Growth and Opportunity Act (AGOA) are set to begin by July, but African nations face growing uncertainty as U.S. tariffs threaten to undermine the landmark trade pact. AGOA, which since 2000 has granted duty-free access to the United States for eligible sub-Saharan African exports, is scheduled to expire […]