IMF: Morocco gets $5 Bln credit line to enhance its economic resilience & external buffers

The International Monetary Fund (IMF) decided on Monday to provide a $5 billion precautionary flexible credit line (FCL) to Morocco to enhance the country’s external buffers, and support its economic resilience and structural reforms. Ms. Antoinette Sayeh, IMF Deputy Managing Director, said : “Morocco’s very strong macroeconomic policies and institutional framework have allowed its economy […]

East Africa’s Commercial and Logistics Center to offer trade, investment opportunities

East Africa Commercial and Logistics Center is expected to open in Tanzania’s capital city, Dar es Salaam, in June 2024, providing trade and investment opportunities for the public. Speaking at the 47th International Trade Fair that was recently held in Tanzania, Executive Director at Taikang Asset Management, Cathy Wang, said that to facilitate and add […]

France moves to streamline return of looted African art under new restitution bill

In a landmark move, the French government has unveiled a new bill aimed at simplifying the return of cultural artifacts taken during the colonial period. Introduced by Culture Minister Rachida Dati, the legislation would allow items looted between 1815 and 1972 to be returned by government decree, bypassing the need for time-consuming parliamentary votes. The […]