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Category: Finance
Moroccan treasury gains $600 mln thanks to tax amnesty
Morocco’s treasury has gained an additional 600 million dollars (6 billion dirhams) following a tax amnesty program that expired on Dec 31, 2024. At least ... Read More
Nigeria, Malawi and Rwanda have Africa’s worst-performing currencies in 2024
Nigerian naira, Malawian kwacha and Rwandan franc have been named the worst-performing African currencies against the US dollar in 2024, according to a latest report, ... Read More
Tax amnesty: Over $10 bln injected in Morocco’s banking system
Moroccan banks were busy treating requests by cash holders and owners of undeclared assets in exchange for a preferential tax of 5% only, in an ... Read More
Morocco records strong remittances growth
Moroccan expatriates’ remittances reached 108.67 billion dirhams through November 2024, showing a 2.8% annual increase, according to the latest foreign exchange statistics. The Office des ... Read More
AfDB to support private sector development program in Egypt
The African Development Bank (AfDB) will support the first phase of Egypt’s Private Sector Development and Economic Diversification Program. This comes under a $131 million ... Read More
Libya joins African Export-Import Bank
Libya has officially become the 53rd member of the African Export-Import Bank (Afreximbank), marking a significant step towards enhancing economic integration within Africa. This milestone ... Read More
Tunisia’s Central Bank holds key rate at 8%
The Central Bank of Tunisia (BCT) announced on Saturday December 28 its decision to maintain the key interest rate at 8%, following a meeting of ... Read More
Bayt Mal Al-Quds Agency invests $4.2 Million in 2024 to support projects in Palestine
Bayt Mal Al-Quds Agency, the executive arm of the Al-Quds Committee, Chaired by King Mohammed VI, invested $4.2 million in 2024 in projects and programs ... Read More
UAE, first investor in Africa
The UAE companies topped the list of investors in the African continent, pledging projects worth 110 billion dollars between 2019 and 2023, the Financial Times ... Read More
Eight candidates join race to succeed AfDB president Adesina in 2025
With the two-term tenure of African Development Bank (AfDB) president Akinwumi Adesina coming to an end by May 2025, a total of eight candidates, including ... Read More