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Business Headlines Mauritania

Mauritania becomes second signatory state of the FEDA Establishment Agreement

North Africa Post

Mauritania has signed the Agreement for the Establishment of the Fund for Export-Development in Africa (FEDA), a development impact-oriented subsidiary of the Afreximbank.   Mauritania becomes the second signatory of the FEDA Establishment Agreement after Rwanda which signed it in November 2020, afreximbank announced in a press release.   To complete the FEDA Legal Establishment, […]
Africa Headlines International Morocco

Morocco committed to supporting stability in Central African Republic

North Africa Post

Morocco reiterated its commitment to supporting stability in the Central African Republic where it has been contributing to UN peace efforts. Morocco has 762 blue helmets on the ground as part of the United Nations Stabilization Mission in the Central African Republic (MINUSCA). Beside peace efforts, Morocco has extended a helping hand to CAR which […]
Egypt Finance Headlines

Fitch downgrades four Egyptian banks’ Issuer Default Ratings to “B”

North Africa Post

Earlier this May, Fitch downgraded Egypt’s sovereign rating to “B” with a negative outlook. Three of the four banks, whose ratings it downgraded, are public banks exposed to the state. Rating agency Fitch downgraded on May 17 the credit ratings of four major Egyptian banks, namely The National Bank of Egypt (NBE), Banque Misr, Banque […]