WalidP

Kenya seeks $1.5 bln loan from the UAE, agencies

Kenya is seeking a financing of $1.5 billion from the UAE to bolster its public finances, Reuters and Bloomberg reported, citing sources. Kenya has sought to curb its widening fiscal deficit and growing debt servicing by tax hikes which triggered the most violent protests in the country’s history. A delay in reaching a financing deal […]

Saudi central bank grants license to two new fintech firms

The Saudi Central Bank (SAMA) Tuesday issued operation permits to “Lean Technologies” and “Mod5r”, two companies which will provide Open Banking Solutions. The permits are in line with the Council of Ministers’ decision in the second quarter of 2022, which provides for the adoption of the Fintech Strategy containing the supreme directive order for the […]

Morocco, 4th African country where innovation thrives

The kingdom of Morocco is ranked 4th African country on Global Innovation Index 2021 (GII2021) of the World Intellectual Property Organization (WIPO) that captures the innovation ecosystem performance of 132 economies, and tracks the most recent global innovation trends. Globally, Morocco ranks 77th, a poorer performance in comparison with the previous year’s ranking of 75th. […]