First Independent Mena Newspaper
Holding the Annual Meetings of the World Bank Group (WB) and the International Monetary Fund (IMF) in Morocco is a “judicious” choice, said IMF Managing Director Kristalina Georgieva Saturday. “The choice couldn’t have been more judicious,” Georgieva told reporters upon arrival in Rabat to take part in a series of preparatory meetings for the 2023 […]
The West African Development Bank – BOAD- will invest around $50 million in road infrastructures in Niger, the President of the Togo-based financial institution, Serge Ekue, announced Thursday. “We have just been received by the President of the Republic and, as usual, we made an important point in the context of our activities”, Serge Ekue […]
Authorities of Congo Brazzaville have rejected Societe Generale’s sale of its country subsidiary to Vista Group because the bank did not give it a right of first refusal, and wields legal action, Reuters reports. The Finance ministry of the central African country in a statement indicated that it was surprised by the announcement by SocGen […]
US special presidential representative has reassured that the global superpower remained committed to maintaining strong trade ties with the African continent, something the Biden administration believed faltered with Trump’s presidency. The special presidential representative for the United States-Africa Leaders Summit, Johnnie Carson, made these comments Tuesday (13 June) as a way to reassure America’s African […]
https://guardian.ng/wp-content/uploads/2021/01/AfCFTA.jpg The African Development Bank has granted Madagascar $1.5 million in view of helping the African country work on its adherence to the African Continental Free Trade Area (AfCFTA), local media “Madagascar Tribune” reported. The agreement signed between the Abidjan-based continental bank and the ministry of Finance and Economy will reduce tariffs between the zone’s […]
The political and economic crisis is worsening in Kais Saied’s Tunisia. The uncertainties and fears over the collapse of this country has pushed Fitch agency to downgrade its Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘CCC+’. The downgrade of Tunisia’s IDRs, which is becoming a failed state, comes after failure of Tunisia’s authorities […]
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) has suggested in a new report that analyzes the effect of food inflation in the region. The EABC, a regional private sector body, says the grain reserves held by households […]
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 the latest edition of the African Digital Banking Transformation Report, that attributes the growth to the popularity of mobile money and digital banking. Overall, the new survey paints a picture […]
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 Beni Mellal-Khenifra, Draa-Tafilalet and Guelmim-Oued Noun. The bank’s financial support is destined to improve access to healthcare centers, modernize health services through innovative solutions that improve connectivity and streamline their […]
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 forecast that is closer to the government’s expectations of 4%. In its recent projections, Morocco’s central bank sees the economy growing by 2.6% this year from 1.2% last year. The […]