Africa Tourism

AfDB loans partial credit worth $345 million for green, social projects

The African Development Bank Group, AfDB, has greenlighted a partial credit guarantee of $345 million to Egypt for the financing of green and social projects, reports say. Egypt expects to use the credit guarantee to raise the equivalent of $500 million in the Chinese Yuan denominated Panda Bond market, issued by foreign borrowers, Egypt Today […]

Africa’s food imports projected to increase sevenfold to $110bn by 2025 — Afreximbank

Many African countries still depend solely on food importation to survive regardless of their large land areas, says a new report by the African Export-Import Bank (Afreximbank) that also reveals that all countries on the continent together spend an average of $50 billion annually importing foods. “The nations of Africa together import approximately $50 billion […]

Morocco, Spain, EU to foster joint action against human trafficking networks

Spain and the EU paid tribute to Morocco’s efforts to curb illegal migration as the three parties agreed to cooperate closely against migrant trafficking networks whom they blamed for the violent crossing attempt into Melilla on June 24. Moroccan authorities said 23 migrants died in a violent crossing attempt after they stormed a narrow border […]