Corona Mauritania

Senegal: AfDB provides €60 million for ambitious agriculture project

The Board of Directors of the African Development Bank has approved a €87.6 million loan to Senegal, to implement its Water Development Project for the development of value chains (PROVALE-CV). The loan will be co-financed by the Bank in the amount of €60.8 million (for a project whose total cost is estimated at €122 million) […]

Egypt meets IMF as pound depreciates

Representatives of International Monetary Fund (IMF) and the Egyptian government discussed the important $4.8 billion loan as the Egyptian pound continues on its dive with the foreign reserves depleting. Before the visit, the IMF said they will discuss recent economic developments and “possible IMF support for Egypt in facing these challenges”. It’s Middle East and […]

Morocco spends 90% of its FDI in Sub-Saharan Africa

Morocco has encouraged its companies to invest in Sub-Saharan Africa to an extent that its geared 90% of its foreign direct investments to the region in the period spanning from 2010 to 2018, the Financial Times reported. Ethiopia, Côte d’Ivoire and Cameroon were top destinations of Moroccan investments, the publication said. Morocco’s exports to West […]