New York-based credit rating agency, Moody’s, Tuesday downgraded Tunisia’s long-term foreign-currency and local-currency issuer ratings to B3 from B2 ...
Morocco leaves EU tax haven grey list
Morocco has been removed from the EU’s tax haven grey list after it took a series of measures and enacted new laws aiming to ensure greater transparen...
IFC supports Morocco’s women business leaders & capital market transparency
The International Finance Corporation has pledged to help Moroccan women reach more leadership positions in the business world under an agreement inke...
Mauritania: Five Norwegian vessels freed after paying a €2.6 million fine for customs infringement
Mauritania’s customs have released five vessels belonging to Ocean Fresh Food AS, a Norwegian company which has accepted to pay €2.6 million in fine, ...
Audit report reveals overvalued procurement by Justice Ministry
The Moroccan Justice Ministry has bought overvalued furniture and office equipment an audit by the Finance Ministry showed. The audit repot published ...
BERD lends Tunisia €300m earmarked for energy stabilization during pandemic
The European Bank for Reconstruction and Development (EBRD) is providing a €300 million financing package to Société Tunisienne de l’Electricité et du...
Attijari Bank Tunisia gets €20 Mln funding to support small Businesses
The European Bank for Reconstruction and Development (EBRD) announced on Friday a €20 million risk-sharing facility (RSF) to enable Attijari Bank Tuni...
Morocco, USA launch $18 million socio-economic development program in Beni Mellal-Khenifra
Morocco and the USA have partnered to launch in the Beni Mellal-Khénifra region a socio-economic development program worth $18 million. The program is...
EIB supports microcredit activity in Morocco with €10 million
The European Investment Bank (EIB) will support income-generating microcredit activities in Morocco with a €10 million loan. The loan to be extended t...
Algeria proceeds to urgent spending cuts to delay bankruptcy
Time and money are running out for Algeria as it eats into its foreign reserves trying to avert the inevitable: bankruptcy. The country’s Prime Minist...