First Independent Mena Newspaper
Egypt and Greece have signed a Memorandum of Understanding (MoU) to launch a periodic dialogue between their ministries of Finance in order to exchange views on financial policy issues and topics, mechanisms of developing technical cooperation, the Egyptian Finance Ministry said in a statement. Mohammed Moait, Egypt’s Finance Minister signed the deal with his hosting […]
The European Union (EU) has provided a fresh credit facility of 32.7 million euros to the Democratic Republic of Congo to be used to provide assistance to people in the eastern region where several populations have been affected by fighting between the army and rebel groups. The loan will be channeled through humanitarian organizations to […]
Investors are unloading Kenya’s dollar bonds due 2028, whose yields have climbed to 14.6% and the shilling has also trading at a record low, while opposition leader Raila Odinga’s Azimio La Umoja (Declaration of Unity) party has said protests against government policies would resume after Islam’s holy month of Ramadan, if no progress had been […]
Morocco’s transition to low-carbon economy requires an annual investment of $2.6 billion through 2030, rising to $17.4 billion annually by 2050, according to a report released by the World Bank The money will be spent on new clean energy solutions and technologies, explained the report titled: Scaling up to phase down: Financing Energy Transitions in […]
Côte d’Ivoire has secured two loans worth nearly €560 million from the World Bank and the International Monetary Fund (IMF) for the financing of two development projects. The first credit, 282.8 million euros, concerns inclusive sustainable development project for secondary cities while the second estimated at 276.9 million euros will be used to finance the […]
The Arab Maghreb Union AMU issued on April 18 a detailed statement asking Algeria to pay its duties, while debunking the false arguments underlying Algeria’s hysterical reaction to the appointment of a Moroccan citizen as permanent representative of AMU to the African Union. The statement was issued five days after Algeria’s blunt statement in which […]
Angola recovered six billion dollars and seized another 21,000 as part of the confiscation of assets, half of which were abroad, the deputy attorney general said on Tuesday, suggesting the creation of an autonomous structure for asset management. Inocência Pintos pointed out that the Angolan state has created a set of measures to combat organized […]
Sub-Saharan Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, has driven up borrowing costs, weakened regional currencies and cut countries’ access to international capital markets, the International Monetary Fund (IMF) has warned. This “big funding squeeze”, which is the most serious issue facing sub-Saharan Africa, is […]
Spending as part of the compensation fund subsidizing the prices of fuel, wheat, sugar, and butane gas more than halved to 4.5 billion dirhams in the first quarter this year, auguring well for state finances, according to the finance ministry. Subsidies including cash handouts to transport professionals stood at 44 billion dirhams last year due […]
Central African Republic (CAR) Trade and Industry minister, Lea Mboua Doumta has indicated that the African country is keen to house a BRIC’s New Development Bank, after it agreed to establish the BRICS’ regional representative office in capital Bangui. “We have earlier agreed to establish the BRICS’ regional representative office in Bangui, and it will […]