Tunisia: Marzouki accepts defeat as Essibsi becomes president

Ahead of the final results, Tunisians have elected Veteran politician Beji Caid Essibsi as the next president in what is hailed as an important step towards democracy. Moncef Marzouki has accepted defeat after acquiring 44% of the votes although some of his supporters caused disturbances after the announcement of the results. In a televised statement, […]

Morocco Contributes $5 Mln to African Development Fund

Morocco has contributed $5 million to the African Development Fund (ADF), which provides concessional funding for projects, technical assistance for studies and capacity-building activities in Africa. The Moroccan contribution was made during the Fund’s 16th replenishment meeting convened in Tangier Dec.5-6 to raise money for low-income African countries to enable them counter social and economic […]

Africa calls for $100 billion IDA funds to help boost its economy

Heads of State and Government from some 15 African countries attended the 20th replenishment meeting of the International Development Association, commonly known as IDA-20. This year, the African heads of state have called for an ambitious replenishment of the ida-20, at least $100 billion, to support their recovery agenda and help revive their economies, which […]