Finance Headlines Tunisia

World Bank urges Tunisia to carry out crucial fiscal reforms

Axel Van Trotsenburg, World Bank Managing Director of Operations Wednesday called on Tunisia to carry out crucial fiscal reforms which he claimed will put the North African country on development trajectory. “These reforms are equally important for the population,” Trotsenburg said in a tweet following a meeting with Tunisia’s Ministers of Planning and Finance. The […]

Headlines International Morocco

Russia approves nuclear cooperation agreement with Morocco

The government of the Russian Federation has just approved a cooperation agreement between Moscow and Rabat in the field of the use of atomic energy for peaceful purposes. The ordinance enacting this decision was signed by Russian Prime Minister, Mikhail Michoustine, on Wednesday, reported the Russian news agency Tass. The agreement, providing for cooperation between […]

Egypt Finance Headlines

Egyptian Fintech Firm Telda secures $20 million in seed funding

Cairo-based fintech startup, Telda, has landed $20 million in seeding funding from several investors including Jack Dorsey, former Twitter Chief Executive Officer, Bloomberg reports. The seed fund will serve the expansion into new markets. Telda also plans to use the money to build its product offering. “In Egypt dealing with money is still a complicated […]

Community Headlines Morocco

Fez hosts 4th annual ordinary session of Mohammed VI Foundation of African Ulema Oct. 19-20

The Mohammed VI Foundation of African Ulema holds its fourth ordinary annual session in Fez, this October 19 – 20. Some 250 theologians, members of the Supreme Council of Ulema and representing the 34 sections of the Foundation, are expected to take part in the event. This ordinary session features the presentation by the Secretariat […]

Headlines Morocco

Young Kenyan child sends moving letter of thanks to King Mohammed VI

An 11-year old Kenyan child has sent a moving letter of thanks to King Mohammed VI for his decision to help the East African country with fertilizers. In a letter addressed to the Moroccan embassy in Nairobi, Jayden Dixon Kaburu, a young pupil in 5th grade,  who is living in Karatina, a small village in […]

Algeria Columns Headlines Opinions

Geneva-based NGO denounces Algeria’s reprisals against relatives of political dissidents

A Geneva-based non-governmental organization has denounced before the United Nations the acts of reprisals carried out by Algeria against the relatives of political dissidents settled abroad. In this connection, the Alkarama Foundation submitted to the UN Working Group on Arbitrary Detention the case of the arrest of Abderrahmane Zitout. The “crime” of Abderrahmane Zitout is […]

Africa Business Headlines International Morocco

Morocco’s OCP Group to dedicate 4 Mln Tons of fertilizers to African Countries

Morocco’s state-owned phosphate OCP group has pledged to dedicate 4 million tons of fertilizers for African farmers in 2023 in a solidarity move with African countries. The announcement was made by OCP Chairman & CEO Mostafa Terrab at the ongoing 2022 IMF-World Bank Annual Meetings held in Washington-DC 10-16. Over 44 million farmers across 35 […]

Europe Finance Headlines International Morocco

Spain to grant €20Mln loan to Moroccan micro-financing fund Jaïda

The Spanish Council of Ministers approved, on Wednesday, an agreement to grant a loan of up to 20 million euros to the Fund for the financing of microfinance organizations in Morocco, Jaïda. The loan, granted through the Spanish Agency for International Development Cooperation (AECID), aims to finance the expansion of the Jaïda Fund portfolio. ”The […]

Egypt Europe Headlines International

Moldova mulls plans to set up embassy in Egypt

Moldova is considering establishing an embassy in Egypt over the coming period as part of efforts to strengthen ties with the Arab country, the Deputy PM and Minister of Foreign Affairs of the European country has revealed. Nico Popescu made the announcement Tuesday as he met with Egypt’s Prime Minister Mustafa Madbouli. The two officials […]

Africa International

Chad PM Padacke resigns to pave way for new “government of national union”

Chad’s Prime Minister Albert Pahimi Padacke resigned on Tuesday (11 October) in order to pave the way for a new government after the Central African country announced the postponement of elections by two years to 2024. His resignation was announced by the presidency on Tuesday. Padacke, a civilian politician, was named prime minister of a […]