First Independent Mena Newspaper
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), […]
Visiting President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, conferred Thursday in Rabat with Head of Moroccan Govt. Aziz Akhannouch on partnership between the bank and Morocco in various sectors. Akhannouch hailed the EBRD’s investment and cooperation ties with Moroccan public and private institutions contributing to the country’s social and economic […]
The European Bank for Reconstruction and Development (EBRD) is supporting Morocco’s packaging industry with a €15 million loan provided to Multisac SA, local manufacturer of woven polypropylene bags in Morocco. The announcement of the funding coincides with the visit of EBRD chief Renaud Bassu is paying to Morocco. The €15 million loan will support the […]
Morocco’s economic growth is expected to grow 3.1% in 2023 thanks to a rebound of the primary sector, says the World Bank’s in its latest report “Responding to Supply Shocks”. After a strong post-COVID-19 rebound last year, Morocco’s economy came under mounting pressure from overlapping supply shocks: a severe drought and a surge in commodity […]
President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, starts this Wednesday a three-day working visit to Morocco for talks with government officials and leaders of the private sector and civil society. Commenting her Moroccan trip, Ms.Renaud-Basso said the bank is committed to supporting Morocco’s economic growth, regional integration and green economy […]
The World Bank has agreed to grant Tunisia a $120 million loan earmarked to facilitate access to funding by Small and Medium Enterprises (SMEs). The announcement was made by WB vice-president for MENA region, Farid Belhaj. The credit will be dished out to financial institutions by the Ministry of Finance and then to SMEs qualified […]
Over the past two decades, investment in Morocco amounted to 30% of GDP annually, in an effort led by the state. This model has hit its limits as Morocco aspires to see the private sector playing a leading role in promoting investments and bolstering growth. The adoption of the investment charter last year aims to […]
Cameroon under the directives of President Paul Biya has lined up for a $34.7 million loan from the Islamic Development Bank (IsDB) to finance the Presidential Plan for the Reconstruction and Development of the Anglophone Regions of Northwest and Southwest. The plan estimated at around $3 billion encompasses three phases namely rehabilitation and development of […]