IFC

Governance in decline in 21 African countries – Mo Ibrahim Foundation

Governance has suffered setbacks in 21 African countries, while 33 nations reported improvements, according to the annual Ibrahim Index of African Governance. The report, published by the Mo Ibrahim Foundation, blamed deteriorating security conditions for the worsening governance performance in nearly half African states. The Mo Ibrahim Foundation defines governance as the provision of political, […]

EBRD Lends €2 Mln to Moroccan E-Payment Firm

The European Bank for Reconstruction & Development (EBRD) announced on Thursday the approval of a €2 million loan to Société Maghrebine de Monétique S.A. (S2M), a Moroccan firm that develops e-payments systems. The loan will enable S2M to enhance its competitiveness and increase employment opportunities for young people with on-the-job-training programs Under the Bank’s Blue […]

ECOWAS: Nigeria Studying Move to Embrace New ECO Currency

Nigeria is studying the currency changes ringing through the West African region and will respond in due course, a statement by a media aide to the Minister of Finance, Budget and National Planning said. “Nigeria has received the news of the change of the UEMOA Currency, the CFA (Communaute Financiere d’Afrique) to Eco supposedly as […]