IMF

Casablanca Airport Passenger number up 4.47% in May

The number of passengers at Mohammed V airport in Casablanca have grown by 4.47% in May compared to the same period last year, the national airport office (ONDA) said. Figures issued by the same office show that 707,790 travelers used the airport in May compared to 677,514 the same period a year earlier. Passengers on […]

Arab Fund for Economic & Social Development loans Tunisia $52m for road projects

The Arab Fund for Economic and Social Development has granted Tunisia $52 million (KWD16 million) in form of credit facility to be used for road projects. The financing deal was signed during the 52nd annual meeting of the Board of Governors of the fund, held on the sidelines of the annual joint meetings of Arab […]

India ups lending to Africa in bid to counter China’s dominance

Africa has become the second-largest recipient of credit from India while over the past decade 18 of the 25 new Indian embassies or consulates were opened in the continent, as the South Asian powerhouse tries to catch up with China’s massive sway in the resource-rich continent. Many African nations received about $12 billion or 38% […]