The Greek Government has lodged a verbal note with the UN Secretary-General rejecting what it termed as “Libyan claims” over two maritime blocks, south of Crete, asserting that the areas lie within its continental shelf and Exclusive Economic Zone (EEZ), in accordance with the median line principle and its maritime demarcation agreement with Egypt. A […]
Senegal, which is reeling under serious economic crisis, has secretly borrowed € 650 million from Africa Finance Corporation (AFC) and First Abu Dhabi Bank (FAB) in bid to avoid default. But concealing public debt and internal financial fragility from investors, partners, public opinion or regional rivals undermines the country’s credibility. The hidden debt scandal of […]
The European Bank for Reconstruction & Development has approved a €9.7 Million loan to Fondation Albaraka, one of the largest microfinance institutions in Morocco for on-lending to local micro enterprises. Access to finance through banks remains extremely limited for micro, small and medium-sized enterprises (MSMEs) in Morocco. The EBRD funds will offer much-needed support for […]
