Egypt, IMF ink $3bn new loan program deal

The International Monetary Fund (IMF) said on Thursday it had agreed a $3 billion Extended Fund Facility (EFF) over 46 months with Egypt, Reuters reports. The deal is part of a four-year international financing program worth a total of $9 billion which also includes $1 billion from the IMF’s Resilience and Sustainability Trust (RST) and […]

Mali: Choguel Kokalla Maïga resumes office as PM of Transition after sick leave

Colonel Assimi Goïta, leader of the transition in Mali, reinstated Sunday Choguel Kokalla Maïga as interim Prime Minister of the transition after the latter bowed out of the position owing to sickness in August. Goïta announced in a decree the end of the role of Colonel Abdoulaye Maiga, appointed as caretaker Prime Minister after Choguel […]

Coronavirus lockdown helped Morocco prevent 200 deaths daily- PM

Morocco managed to slow the outbreak of the coronavirus thanks to a set of restrictive measures that helped the country avert the death of 200 people daily, head of the government Saad Dine El Otmani said in an interview with the media Thursday evening. Morocco has imposed a nation-wide lockdown since March 20 that was […]