First Independent Mena Newspaper
In Ghana, the Green Climate Fund (GCF) has announced a $20 million grant to the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA), a program for a climate action project to support women-led farmers’ associations and micro, small and medium enterprises in Ghana’s agricultural sector. The AFAWA Ghana project is designed to […]
Tunisia Wednesday said it succeeded in raising 700 million euros on the financial bond market with an interest rate of 6.37 per cent as it sought to borrow money to cover its 2019 fiscal budget deficit. The ministry of finance in a statement said the North African country will reimburse the bond over seven years. […]
The Bank of Central African States, also known as Banque des Etats de I’Afrique Centrale (BEAC), this week said the prices of 28 commodities exported by the six states of the regional bloc (CEMAC) accounting for 90% of export values, declined by 6.2% during the first quarter of 2019. The regional bloc consists of Cameroon, […]
The United States Agency for International Development (USAID) has granted Morocco $94 million to finance the kingdom’s inclusive socio-economic development program. The grant related agreement was signed Wednesday in Rabat. The inclusive socio-economic development program has three components, according to MAP. The first concerns an integrated local development program that will encompass the economic growth […]
Heads of State of the 15-member West African Community of African States (ECOWAS) have adopted a flexible currency regime after making considerable progress on plans for a single currency in the region. In a meeting held Saturday in the Nigerian capital Abuja, the bloc said it had made considerable progress on the single currency […]
The World Bank announced Thursday the launch of a new program worth $500 million (4.77 billion dirhams) destined to support Moroccan authorities in the generalization of access to pre-school education, strengthening the skills and competencies of teachers and upgrading the governance of the education sector. The World Bank’s “Education Sector Support Program for Morocco” to […]
CDC Group, the British government’s overseas-investment arm, said it has invested $200 million in Morocco’s BMCE bank, which seeks to develop its activities on the African continent. The British group acquired nearly 5% in the bank’s capital after the investment, part of CDC’s plan to invest $4.5 billion in the African continent, the two institutions […]
West African finance ministers and central bank governors of the Economic Community of West African States agreed at a meeting in Côte d’Ivoire to speed up the creation of a single currency next year. “At a ministerial level, we’ve established a roadmap” for the establishment of a new currency in 2020, Ivorian Finance Minister Adama […]
The Arab Fund for Economic and Social Development (AFESD) has extended Morocco two loans totaling 72 million Kuwaiti dinars (about 2.27 bln MAD) to help finance two projects. The loans will finance the rehabilitation of the Mohammed V dam in eastern Morocco, and the construction of the Laayoune expressway bypass in the South. The first […]
Head of Casablanca Finance city (CFC) saïd Ibrahimi said that the number of companies that have acquired CFC status rose to 184 and is set to increase in light of the advantages offered by the Moroccan financial center to companies that want to expand in Africa. He said that CFC tax regime was not the […]