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Category: Finance
French AFD contributes €134.7 million to Morocco’s education system reform
The French Development Agency (AFD) will contribute €134.7 million to the public policy budget and the support program of the 2022-2026 roadmap for the reform ... Read More
Morocco offers earthquake reconstruction aid to 51,300 households
Morocco has offered 1 billion dirhams so far in reconstruction aid to 51,300 households hose houses were totally or partially destroyed in the September 7 ... Read More
AfDB lends Morocco €100 Mln for infrastructure projects in rural zones
The African Development Bank has lent €100 Million to Morocco’s Communal Equipment Fund to support sustainable infrastructure projects aimed at reducing territorial and social disparities ... Read More
ECOWAS single currency launch delayed beyond 2027 deadline — WAMZ boss
The expectation for an ECOWAS single currency to be launched by 2027 is no longer realistic, according to the director-general of the West African Monetary ... Read More
Nigeria secures financial requirements for Niger rail link
Nigeria said it had secured 1.3 billion dollars needed to build a rail connection with neighboring Niger, a landlocked country. The news was announced by ... Read More
De-dollarization in Africa: could BRICS currencies challenge greenback?
A recent report by Sputnik Africa claiming that the use of the Russian ruble for trade between Russia and Africa has more than doubled since ... Read More
France’s Société Generale to sell its business in Morocco – media reports
France’s Société General plans to sell majority stakes in its Morocco banking activity to Saham, Moroccan media reported. Saham, owned by former industry minister Moulay ... Read More
Morocco-EU: Launch of “Just Transition” project for successful climate policy
The "Just Transition" project aimed at supporting Morocco's efforts to implement its climate policy was launched on Wednesday in Rabat, by the European Union and ... Read More
Saudi, Qatari investors may follow UAE in ‘buying up’ Egypt’s coastline
Only days after the announced $35 billion deal with the UAE for the development of Ras al-Hekma on its Mediterranean coast, Egypt is reportedly also ... Read More
Nigeria enforces a yearly levy on expatriate employees
Nigeria has introduced a compulsory yearly levy for companies hiring foreign workers, charging $15,000 for directors and $10,000 for other employees. The aim is to ... Read More