First Independent Mena Newspaper
Egypt has secured $9.13-million grants from the World Bank for the expansion of the management of e-waste and healthcare waste under Greater Cairo pollution reduction project, the country’s Ministry of International Cooperation said in a statement. The grant would reinforce the original project’s environmental benefits, both locally and publicly, by improving e-waste and healthcare waste […]
Qatar and Egypt are studying possibilities to set a joint investment fund, Egyptian Minister of Planning Hala Al-Saeed told Bloomberg Tuesday following the signing of a set of agreements between the two countries to abolish double taxation aimed at boosting investments from the gas-rich Gulf state in Egypt. Saeed did not provide details about the […]
Burkina Faso and the African Development Bank (AfDB) signed Monday 10 agreements for financing six projects in the West African country to the tune of $184 million. Aboubakar Nacanabo, the country’s finance and economy minister indicated that the first conventions will provide funds for Water and Sanitation Services Improvement for Resilience Building Project (PASEPA-2R), project […]
Morocco has taken measures to improve financial transparency and protect its economy against money laundering and terrorism financing, earning a well-deserved exit of the grey list of the Global financial crime watchdog Financial Action Task Force. The Moroccan government welcomed the FATF decision which will “positively impact the sovereign and local bank ratings in addition […]
The decision, taken Friday in Paris, by the Financial Action Task Force (FATF) to remove Morocco from the gray list, confirms the regional and continental leadership of the Kingdom in terms of sound financial governance and stands as a scathing disavowal of the Kingdom’s detractors within the European Parliament. The FATF’s members decided, unanimously, to […]
The Financial Action Task Force (FATF) has decided, unanimously by its members, to remove Morocco from the gray list, during the FATF General Assembly, held in Paris on February 20-24, 2023, the Department of the Head of Government announced Friday. “The Financial Action Task Force (FATF) decided, unanimously by its members, to remove the Kingdom […]
The European Investment Bank has invested €2.5 billion in Morocco over the last five years, making the North African Kingdom the 2nd largest recipient of EIB funding in the southern Mediterranean region. Speaking at a press conference held Wednesday in Rabat, Ricardo Mourinho Félix, EIB Vice-President said the bank’s investment supported Morocco’s development and its […]
Zimbabwe plans to create an offshore financial center in the resort city of Victoria Falls that the government hopes will emulate the success of Dubai and the Isle of Man in attracting foreign investment. “The trigger is the success of the VFEX,” Zimbabwean Finance Minister Mthuli Ncube said, referring to the US dollar-denominated Victoria Falls […]
The partnership set between the World Bank and Morocco is constantly evolving and gaining momentum thanks to constant dialogue, better coordination and shared socio-economic development vision. WB Managing Director of Operations, Axel van Trotsenburg, who is currently visiting the country, said the Bank will continue to support the efforts made by the North African country […]
King Mohammed VI has renewed commitment to continue providing the Climate Commission for the Sahel region the necessary technical assistance and support its actions to enable it complete its roadmap. In a message addressed to participants in the 2nd Conference of Heads of State and Government of the Climate Commission for the Sahel Region (CCSR), […]