The Qatar Investment Authority (QIA) deposited $1 billion at the Central Bank of Egypt (CBE) at the time the Gulf country was close to a deal to acquire a government stake in some of the major companies in the North African country, Asharq Business reports, citing informed sources. The funds, the sources told the media, […]
The Moroccan government has asked all ministerial departments to prepare a list of spending cuts that will target non-essential activities in first austerity measures to deal with the economic impact of the novel coronavirus. The disruptions in the national economy due to Coronavirus notably the suspension of tourism activity, fewer remittances of Moroccan expatriates, and […]
PricewaterhouseCoopers (PwC) confirmed last month it has closed operations in nine Sub-Saharan African countries following a strategic review, marking a significant retreat from the continent by one of the world’s “Big Four” accounting firms. The affected countries include Ivory Coast, Gabon, Cameroon, Madagascar, Senegal, Democratic Republic of Congo, Republic of Congo, Guinea, and Equatorial Guinea, […]
