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Lobito corridor, an exception in US aid cut

The US has scaled down its aid to Africa but kept supporting and funding for the Lobito corridor which will give its industry access to rare minerals, key to the energy transition. The Lobito Corridor is a major trans-African infrastructure project designed to connect the mineral-rich regions of the Democratic Republic of Congo (DRC) and […]

Coronavirus: World Bank redirects a $275-million loan to Morocco

The World Bank approved a first set of emergency support operations for developing countries around the world, using a dedicated, fast-track facility for COVID-19 (coronavirus) response. The first group of projects, amounting to $1.9 billion, will assist 25 countries, and new operations are moving forward in over 40 countries using the fast-track process, the international […]

Family-owned firms drive IPO boom on Casablanca Stock Exchange

A new wave of family-owned businesses is reshaping Morocco’s financial landscape as they increasingly turn to the Casablanca Stock Exchange to secure growth and ensure succession. The latest example is SGTM, a heavyweight in Morocco’s construction sector, which is preparing a landmark initial public offering (IPO) scheduled for December 16, Jeune Afrique reported in a […]