Morocco-economy

Sahara: UN Chief Urges All Parties to Engage in Constructive Discussions at Geneva Meeting

UN Secretary General Antonio Guterres has urged all parties involved in the Sahara regional conflict to engage “in good faith, without preconditions and in a constructive spirit in the discussions” to be held at the Geneva meeting this December 5-6. A statement released Tuesday by spokesman of the UN chief said the Secretary-General welcomed the […]

EBRD greenlights $25m loan to Egypt-based UMC

The European Bank for Reconstruction and Development (EBRD) has rubber-stamped the loan of $25 million for Egypt-based United Metals Company (UMC). The funding is aimed at backing the company’s working capital needs amidst the COVID-19 pandemic. The loan will enhance the Company’s financial resilience to withstand the potential negative implications of the COVID-19 pandemic through […]

Nigeria collects $1.4Bn in VAT in Q3 2022

Nigeria’s federal government generated 625.39 billion nairas ($1.4 billion) in value-added tax (VAT) in the third quarter of 2022, reports say. The figure accounts for 25.95% increase from the previous year. The tax payments collected rose by 4.21% from 600.15 billion nairas in the second quarter of the year per data gathered by National Bureau […]