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Category: Finance
Morocco’s PM defends government’s mid-term achievements
Head of the Moroccan government Aziz Akhannouch defended the achievements of his government at half-term, focusing on social projects including direct subsidies, mandatory health coverage, ... Read More
Nigeria targets $2bln World Bank loan
Africa’s most populous nation is eying a $2 billion World Bank loan to help address pressing challenges and back up hard currency reserves, the government ... Read More
Burundi urges international support to deal with floods aftermath
The small African nation of Burundi is appealing for aid to help address the havoc left by floods that affected hundreds of thousands. The Burundi ... Read More
OCP plans international bond worth up to $2 bln to fund development plan
Morocco’s phosphates and fertilizers giant, OCP, plans a bond issue ranging between $1.5 billion and $2 billion as it launched major investments in renewable energies, ... Read More
Sub-Saharan Africa income further falls behind rest of the world
Sub-Saharan Africans’ income is further decreasing compared to the rest of the World amid a lackluster economic growth, the International Monetary Fund Said. Amid a ... Read More
Africa’s ultra-wealthy population to grow by 65% in next decade but thousands flee their home — report
Africa has seen a rise in its number of billionaires and its millionaire population is set to rise by 65% over the next 10 years, ... Read More
IMF sees Morocco’s economic growth at 3.1% in 2024, 3.3% in 2025
The IMF said Morocco’s economic growth would pick up slightly to 3.1% this year and 3.3% next year, forecasting a return of inflation to pre-pandemic ... Read More
Chinese oil firm loans Niger $400 million
China National Petroleum Corporation (CNPC) agreed to offer a loan of 400 million dollars to the Niger government, which is struggling with the impact of ... Read More
South Africa’s Rand depreciates after poll showing Zuma’s political return
A Bloomberg report on a poll showing a drop in ANC popularity ahead of the upcoming elections was enough to plunge South Africa’s currency, the ... Read More
Morocco’s economy grows 2.9% in 2024 first quarter despite drought
Morocco’s economic growth stood at 2.9% in the first three months this year, despite drought that undermined agricultural production. Led by domestic demand, non-agricultural growth ... Read More