Africa development Bank

Spanish, Moroccan relations strong against all odds

Morocco and Spain managed in recent years to upgrade their bilateral relations into a comprehensive strategic partnership that covers security and migration cooperation along with economic and cultural ones. “Spain is Morocco’s first trading partner as the two countries are bound by exemplary cooperation,” the Moroccan and Spanish foreign ministries said in a joint statement […]

Isolated Tunisia tilts closer to Iran’s orbit

Tunisia’s president seems to be courting Iran, in a shift that risks further isolating the cash-strapped country. Once an advocate of the two-state solution to the Palestinian-Israeli conflict, Tunisia under president Kais Saeid has made a U-turn surfing on the anti-Jewish rhetoric of its mentor Algeria and following a foreign policy current that threw it […]

Africa: AfDB- Natixis $50 million agreement to boost trade finance

The African Development Bank has signed a $50 million risk participation agreement, APR, with investment and corporate bank Natixis. The 50/50 risk-sharing agreement covers a portfolio of commercial transactions totaling $100 million, which will support commercial operations worth $600 million in Africa over the next three years, said the African financial institution in a press […]