Nigeria, which has partnered with a foreign fintech company, will be a pioneer in Africa, as will its West African neighbor, Ghana, which has been tes...
UAE to finance Mauritanian sea port upgrade
The Abu Dhabi Fund for Development, ADFD, is set to finance the upgrading of a fishing port in Mauritania to boost the local industry. The ADFD’s fund...
Instability from 2011 to 2020 cost Libya $1 trillion – Minister of Economy
Libya lost one trillion dollars due to the instability that engulfed the oil rich country from 2011 to 2020, Libyan Minister of Economy Mohamed Hwej h...
Morocco’s Central Bank governor among World’s 10 best performers
Governor of Morocco’s Central Bank Abdellatif Jouahri maintained his ranking among the 10 best performing peers in the globe, Global Finance said in i...
BMCE Bank International teams up with IFC to support inter-African trade
Morocco’s BMCE Bank International Plc UK has sealed a $150 million partnership with the International Finance Corporation to bolster cross-border trad...
Egypt-Kuwait Holding announces $500m investment over next five years
Egypt-based investment company, Egypt Kuwait Holding Co SAE (EKH), will invest $500 million over the coming five years, CEO Sherif El-Zayat has reveal...
Morocco sets up national financial intelligence body to combat money-laundering & terrorism financing
The Moroccan government has approved the setting up of a National Financial Intelligence Authority to better combat money-laundering, terror financing...
Tunisia: President’s ‘power-grab’ to cast a shadow on IMF deal-Bloomberg says
The recent measures by the Tunisian President to dismiss the Prime Minister and disband parliament have been described as a “power grab” that may dela...
Morocco to boost its foreign exchange reserves with $650 mln from IMF
Morocco expects to add 650 million dollars to its foreign exchange reserves as part of $1.2 billion that will be offered to the country under the IMF’...
EBRD greenlights $25m loan to Egypt-based UMC
The European Bank for Reconstruction and Development (EBRD) has rubber-stamped the loan of $25 million for Egypt-based United Metals Company (UMC). Th...