In Egypt, a consortium nine local banks have pledged to invest about $1.5 billion in a project to increase the North African nation’s electricity capacity. The financing, granted as a loan, will benefit the construction of a coal-fired power station with a capacity of 6,000 MW in the Hamrawein area in the coastal region of […]
The vision and strategic initiatives of King Mohammed VI for the development and integration of the African continent were highlighted at the 9th Tokyo International Conference on African Development (TICAD 9), held in Yokohama, Japan. Speaking at a conference organized on Thursday, Ambassador to Japan andhead of the Moroccan delegation, Mohamed Rachad Bouhlal, presented the […]
Experts at a recent 57th Conference of African Ministers of Finance emphasized the need for African governments to prioritize local currencies for trade and transactions. Hanan Morsy, chief economist of the UN Economic Commission for Africa, highlighted that reducing reliance on the U.S. dollar would protect Africa’s economies from external financial shocks. Africa’s use of […]
