SALAME

Nigeria’s Naira, Kenyan Shilling worst hit of Africa’s devaluing currencies in 2023 with no hope in sight

African countries have faced a myriad of challenges in 2023, not the least of which was currency devaluation, with Nigeria’s Naira and Kenyan Shilling experiencing their largest drop in value against the greenback in 24 and 30 years respectively. While Nigeria and Kenya recorded significant growth across numerous industries, there were still instances of socio-economic […]

King Mohammed VI Calls on Arab Financial Institutions to Support Reforms

Morocco’ King Mohammed VI has called on Arab financial institutions to pool efforts in order to support economic and financial reforms engaged in the Arab world, facing major regional and international challenges. In a message addressed to participants in the 2017 Annual Joint Meetings of Arab Financial Institutions, convened Tuesday in Rabat, the Moroccan Sovereign […]

EBRD Lends Egypt € 290 Mln for Rail Modernization

Millions of commuters across Egypt will benefit from a €290 million financing provided by the EBRD to support the Egyptian National Railways (ENR) in its fleet expansion and upgrade of services. As part of ENR’s locomotive renewal program, the EBRD will finance the acquisition of up to 100 new diesel locomotives under a supply-and-maintenance contract […]