Tunisia turns to domestic banks to fund national budget over lack of foreign lending

The Tunisian government has been mounting pressure on local financial institutions to fund the 2022 national budget as the country struggles to land foreign loans to close the project’s $2.8 billion budget deficit. The move is revealed by Ahmed El Karm, member of the executive board of Tunisia-based independent think-tank Institut Arabe des Chefs d’Entreprises […]

North Africa: IFC Supports SMEs with €15 Mln Investment

The International Finance Corportation, a member of the World Bank Group, is injecting €15 million in a new private equity fund by AfricInvest, a leading private equity fund manager, to help expand access to finance for small and medium enterprises in North Africa. The investment is part of a larger effort to support economic growth […]

King Mohammed VI Congratulates Nigeria’s Muhammadu Buhari on his Re-election

King Mohammed VI congratulated President of Nigeria, Muhammadu Buhari, upon his re-election to the highest office of his country. After he addressed him a felicitations message on Wednesday, the Monarch reiterated his congratulations to President Buhari in a telephone talk Thursday. The call was an opportunity for both leaders to reiterate their shared desire to […]