COVID-19 – Morocco extends state of health emergency until November 10

Nigeria beats Algeria in bid to host $5 billion Africa Energy Bank

Oil and gas rich Nigeria has defeated Algeria and other competitors, after it was chosen as the host of the newly created Africa Energy Bank, worth $5 billion. In hosting the new lender, Nigeria will become “at the forefront of Africa’s energy future,” said Nigerian oil minister Heineken Lokpobiri. The new bank aims to address […]

Ghana’s Cocoa Regulator Breaks Tradition, Opts for Self-Financing

In a significant shift from decades-long practice, Ghana’s cocoa regulator, Cocobod, has announced it won’t be seeking its usual syndicated loan for the upcoming 2024/25 cocoa season. This marks the first time in over 30 years that the world’s second-largest cocoa producer has opted for self-financing. The decision, revealed by Cocobod’s Chief Executive Joseph Boahen […]

German Development Bank grants Tunisia €27.5 million loan

Germany’s Development Bank, KfW, has lent Tunisia €27.5 million earmarked for the modernization of the Medjerda canal project at northeastern Cap Bon. The loan will be used to modernize all infrastructures and equipment of the canal to meet the increasing demand in potable and irrigation water. The canal provides the cities of Tunis, Cap Bon, […]