Category: Finance

East African households urged to have own grain reserves to eliminate food insecurity

June 9, 2023

African households are highly recommended to have their own grain reserves as one of the solutions to food insecurity, The East African Business Council (EABC) ... Read More

Africa: Digital transformation in banking industry well underway — report

June 9, 2023

Banking access across Africa has increased in 2022, with 48% of the population having access to banking services, compared to 45% in 2017, according to ... Read More

AfDB supports Morocco’s healthcare in rural areas with €120 Mln funding

June 8, 2023

The African Development Bank has announced a €120-million funding to support Morocco’s efforts to improve women-children’s healthcare in rural areas, especially in the regions of ... Read More

OECD forecasts 3.5% growth rate for Morocco in 2023

June 8, 2023

The Organization for Economic Co-operation and Development (OECD) projected the Moroccan economy to grow by 3.5% this year and 3.7% next year, in an optimistic ... Read More

France-Africa: Société Générale pulls out of four African countries

June 8, 2023

Paris-based multinational financial services company, Société Générale, also known as SocGen, has withdrawn from four African countries, namely Chad, Congo, Equatorial Guinea, and Mauritania. The ... Read More

WB expects Morocco’s growth to reach 2.5% in 2023 & 3.3% in 2024

June 7, 2023

Morocco’s economic growth is expected to reach 2.5 pc in 2023 before rebounding to 3.3 pc in 2024, according to the World Bank’s latest Global ... Read More

Côte d’Ivoire gets $450m investment for three projects on sidelines of Africa CEO Summit 2023

June 7, 2023

The Ivorian Government inked Tuesday three Memorandum of Understanding (MoU) worth $450 million for three projects to increase sustainable economic growth, job creation and private ... Read More

Morocco offers $0.5 bln in aid to help farmers access animal feed

June 6, 2023

Morocco will spend 0.5 billion dollars to help farmers access animal feed at a subsidized price as the country’s grains agency tenders for 500,000 feed ... Read More

Tunisian President looks to taxes to shun IMF bailout

June 5, 2023

Tunisian President Kais Saied is set to reject IMF conditions for a $2 billion loan and looks instead to raise taxes on the wealthy to ... Read More

Egypt, Saudi Arabia ink deals for industrial cooperation

June 5, 2023

Egypt and Saudi Arabia signed Sunday two deals for industrial cooperation covering non-oil exports and auto industry, Ahram Online reports. The first Memorandum of understanding ... Read More