EBRD vice-president alain pilloux

Morocco’s Safi Flash Flood: King Mohammed VI Orders Emergency Assistance & Rehabilitation Program

King Mohammed VI has ordered the rapid deployment of an emergency assistance and rehabilitation program in Moroccan Atlantic coastal city of Safi hit by a deadly flash flood caused by torrential rains. In a press release issued Thursday, the Head of Government’s department said the emergency program, which has been launched upon the Royal instructions, […]

Egyptian state-run banks launch $63.5m fintech fund

Three Egyptian state-controlled banks will launch from next month a $63.5 million (EGP 1 billion) fintech fund to support start-ups in the fintech space and international outfits that want to establish in the Egyptian market, concerned banks have said in a statement. National Bank of Egypt, Banque Misr, and Banque du Caire are behind the […]

EU to offer Tunisia about €165 million to curb migration

The EU plans an aid of up to €164.5 over three years to help Tunisia stop migrants from crossing to Europe, the Financial Times reported. The EU funding will be invested in a training academy for the country’s national maritime guard, implemented with German federal police, it said. The funds will also help equip the […]