The World Bank has warned that the rapidlyspreading coronavirus outbreak is expected to push sub-Saharan Africa into recession in 2020 for the first time in 25 years. The International lender’s Africa’s Pulse report released on Tuesday said the region’s economy will contract 2.1% to 5.1% from growth of 2.4% last year, and that the coronavirus […]
The United Nations Thursday rejected the appointment of former Interior Minister Fathi Bashagha as the country’s new Premier in replacement of the incumbent Abdul Hamid Dbeibah by the parliament, Al Wasat news outlet reports. The state legislature headquartered in Tobruk according to its spokesman Abdullah Belhaq voted unanimously to appoint Bashagha and granted him confidence. […]
The Financial Regulatory Authority (FRA) reported a notable increase in non-banking financing across various sectors in July 2024. According to the latest figures, the number of consumers benefiting from consumer finance rose to 2.127 million in July 2024, up from 1.986 million in July 2023. The total volume of outstanding loans for micro, small, and […]
