Algeria-snow

Arab Spring Costs Region $ 15 Bln in Lost Tourism

The popular uprisings and political turmoil rocking the region of North Africa and the Middle-East since 2011 have dealt a hard blow to the sector of tourism that suffered losses going up to $ 15 billion, according to Arab Tourism Organization (ATO). At a meeting held lately in Jeddah (Saudi Arabia), ATO president Bandar Al-Fuhaid […]

Cameroon applies for $34.7m loan from IsDB to rebuild infrastructure in restive Anglophone region

Cameroon under the directives of President Paul Biya has lined up for a $34.7 million loan from the Islamic Development Bank (IsDB) to finance the Presidential Plan for the Reconstruction and Development of the Anglophone Regions of Northwest and Southwest. The plan estimated at around $3 billion encompasses three phases namely rehabilitation and development of […]

EBRD supports Egypt with €183m to help generate 1.3 GW of renewables

The European Bank for Reconstruction and Development (EBRD) will support the Egyptian Electricity Transmission Company (EETC) with $183 million to finance the modernization of the electricity grid by injecting renewable energy and strengthen the transmission network in the country. The EBRD funds will facilitate the integration of 1.3 GW of new renewable energy into the […]