World Bank to leverage guarantees for increased international financing in Morocco

The World Bank plans to utilize guarantees to draw more international financing to Morocco, said Hiroshi Matano, Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA). “We believe that these guarantees can help Moroccan borrowers (corporate and public institutions and non-sovereign risk counterparties) diversify their financing sources with private capital,” Matano said in an […]

South Africa: China’s Huawei launches innovation center amid security concerns

South African President Cyril Ramaphosa has welcomed the opening of a new Huawei Innovation Center in the country, expressing hope that the Chinese giant’s new technologies would help Africa “leapfrog into the Fourth Industrial Revolution.” Speaking at the launch event in Johannesburg, Ramaphosa commended Huawei for its “confidence in the South African economy and its […]

Libya: Prime Minister fiasco, lawmakers divided

Libya has chosen Ahmed Maiteeq as Prime Minister but the voting process was marred by controversy in the parliament. Officials are divided over the elections and the recognition of Maiteeq as Prime Minister could further increase the political crises in the country. The First Deputy Speaker and the Second Deputy Speaker of the parliament have […]