Dakhla Port

Morocco Gets $450 Mln World Bank Loan for Modernization of Public Sector

The World Bank approved on Wednesday a $450 million loan for Morocco which is deploying sustained efforts to modernize its public sector through the implementation of an ambitious governance reform program . Over the past few years, Morocco has embarked on long-term and wide-ranging reforms to improve the overall performance of the public sector and […]

Egypt’s biggest investment bank takes over state-run Arab Investment Bank

EFG Hermes, Egypt’s biggest investment bank, has completed its takeover of state-owned Arab Investment Bank for an undisclosed transaction. EFG Hermes, Arab News reports, agreed to purchase a 51% stake in the bank in May, with the Sovereign Fund of Egypt also acquiring a 25% stake and the current owner, Egypt’s state-owned National Investment Bank […]

Challenge of democratization in Africa: CAR and Burkina Faso in spotlight

While 69% of Africans support democracy and more than 70% agree that there should be term limits, according to the latest Afrobarometer surveys, recent developments in the Central African Republic (CAR) and Burkina Faso have demonstrated that the democratization process in some African states is still facing huge challenges. Speaking at a workshop on ‘Democracy […]