somalia

Egypt receives funds for nation building

The World Bank and Kuwait have boosted Egypt with funds to help Egypt in its rebuilding efforts. Kuwait attributed a billion dollar grant while the World Bank gave $300million loan for the promotion of small and medium sized enterprises. Unemployment in Egypt has been drastically reduced because people have started to venture into self-employment. The […]

EBRD Lends Tunisian Vermeg €25 Mln for Purchase of Lombard Risk

The European Bank for Reconstruction & Development (EBRD) has provided the Tunisian banking and insurance software developer Vermeg a €25 million loan for the acquisition of Lombard Risk, a leading global provider of integrated regulatory reporting and collateral management solutions. Founded in 2002, Vermeg counts major internationally-renowned financial institutions and central banks in more than […]

Morocco Underscores Commitment to Triangular Cooperation with EU & Sahel

Morocco has reiterated its firm commitment to security and stability in the Sahel calling for a triangular cooperation (Morocco-EU-Sahel) benefiting the region. Speaking at the International High-Level Conference on Sahel, held Friday in Brussels, Morocco’s foreign minister, Nasser Bourita underscored the priority given to the Sahel in Morocco’s foreign policy as evidenced by the multiple […]