President Alpha Conde of Guinea Conakry

IsDB, EIB to co-finance more projects in Africa, Southern Mediterranean Countries

The Islamic Development Bank (IsDB) and the European Investment Bank have discussed at meetings held in Luxembourg this week opportunities for co-financing new projects in Africa and Southern Mediterranean Countries. The meetings were held as an IsDB delegation, led by the Bank’s President, Bandar Hajjar, is visiting the European Investment Bank’s headquarters in Luxembourg. During […]

Morocco and Spain Intensify Investment Partnership in Biscuit and Industrial Bread Sectors

Economic cooperation between Morocco and Spain continues to deepen in the agri-food industry, with investors from both countries demonstrating strong interest in biscuit manufacturing and industrial bread production. Competition authorities recently disclosed several major concentration operations signaling this growing partnership. The Moroccan Competition Council announced that Mexican multinational Grupo Bimbo S.A.B. de C.V., through its […]

Africa’s $824bn debt burden, opaque resource-backed loans, hamper continent’s economic potential — AfDB

African Development Bank (AfDB) has asked policymakers to put in place an orderly and predictable way of dealing with Africa’s ballooning, unsustainable external debt pile that reached $824 billion in 2021. Africa’s $824 billion debt burden, the servicing of which requires countries to dedicate 65% of their GDP, and opaque, non-transparent resource-backed loans hamper the […]