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Category: Finance
Nigeria’s inflation nears 40% on back of higher food prices
Higher food prices triggered a surge in the inflation rate to 33.9% in Nigeria in October, up from 32.7% a month earlier, the national statistics ... Read More
EBRD to fund OCP’s desalination plan with 200 mln euros
The European Bank for Reconstruction and Development has approved a financing of 200 million euros to support the desalination program of Morocco’s phosphates group, OCP. ... Read More
Nigeria secures $134 million loan for agriculture
The Nigerian Government has secured a $134 million loan from the African Development Bank (AfDB) to strengthen its agricultural sector amid growing food insecurity concerns. ... Read More
Climate Resilience: IMF supports Morocco’s efforts with $415 Mln funding
The International Monetary Fund (IMF) has approved $415 million to support Morocco’s efforts to mitigate the negative impacts of climate change on its economic growth. ... Read More
Moroccan stock exchange launches futures market
Moroccan financial regulators announced the launch of the futures market which would help the Casablanca stock exchange attract more investors. The launch was announced in ... Read More
BUNA forges strategic partnership with Mastercard to boost MENA payments
Buna, the Arab Regional Payment System, has forged a strategic partnership with the global payments technology provider Mastercard in a move to enhance cross-border payments ... Read More
Africa’s growing fintech sector transforms fin-services, but funding costs are obstacle — EIB report
The number of fintech companies in Africa have almost tripled this year compared with 2020 as financial conditions across the continent ease, though funding costs ... Read More
Egypt’s annual core inflation records 24.4% in October according to Central bank
Egypt’s annual core inflation rate stood at 24.4% in October 2024, showing a slight decrease from 25% in September 2024, according to data released by ... Read More
Historic debt relief agreement marks new chapter in US-Somalia relations
Somalia has achieved a significant financial breakthrough with the United States agreeing to cancel more than $1.1 billion in outstanding loans, representing approximately one-quarter of ... Read More
Africa Risk-Reward Index highlights shifting investment landscape amid major political shifts
The DRC, Kenya and Uganda have been ranked by the latest edition of the Africa Risk-Reward Index 2024 as the riskiest investment destinations in East ... Read More