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Mali, Burkina Faso and Niger launch joint military force to combat Sahel terrorism

Mali, Burkina Faso and Niger have officially launched a joint military force aimed at tackling Islamist insurgencies and cross-border insecurity, deepening their security cooperation outside the framework of West Africa’s ECOWAS bloc. The new formation, called the United Force of the Alliance of Sahel States (FU-AES), was unveiled on Dec 20 at an airbase in […]

Morocco set to reduce its industrial trade deficit

Morocco has launched an ambitious plan to cut its trade deficit by $3.7 billion by offering incentives to local investors to produce imported goods locally, Morocco’s trade minister said. So far 731 industrial projects were eligible for state subsidies, of which 90% will be funded by a Moroccan capital, minister Riad Mezzour told MPs. Most […]

EBRD to approve new $100 mln loan for Banque Misr to finance MSMEs

The European Bank for Reconstruction and Development (EBRD) is set to approve by end of May a $100 million loan program to Banque Misr, under the Financial Intermediaries Framework (“FIF”), to finance micro, small, and medium enterprises (MSMEs). The program, according to the EBRD website, will support BM’s lending to private MSMEs in Egypt, where […]