First Independent Mena Newspaper
The Spanish government approved an additional €30 million grant to help Morocco fight illegal immigration, smuggling and human trafficking. The announcement was made by the spokeswoman for the government and acting Spanish Minister of Education, Isabel Celaá, at a press briefing after the Council of Ministers held Friday July 19. The €30 million amount is […]
The United Nations Development Program (UNDP) launched the Regional Stabilization Facility for Lake Chad, an ambitious multi-million dollar fund to scale up the range of stabilization intervention in areas of Lake Chad Basin. The four Lake Chad Basin countries (Cameroun, Chad, Niger, and Nigeria) have warmly welcomed this joint initiative, as part of their own […]
L’Agence Française de Developpement will extend Morocco a loan of €50 million and a subsidy of €1 million to secure access to drinking water in the Northern provinces of the Kingdom. The related agreement was signed Wednesday in Rabat by the French Development Agency (AFD) and the National Office of Electricity and Water (ONEE). The […]
The International monetary fund said Morocco could post a growth rate of 4.5% in 2024 from 3% in 2018 if it continues on path of reform and inclusive growth. “Morocco’s medium-term prospects remain favorable, with growth expected to reach 4.5 percent by 2024” the IMF said in a report following Article IV consultations. The North […]
Ethiopia will receive $100 million from the UAE Khalifa Fund for Enterprise Development, KFED, to help promote a culture of innovation and finance prominent projects in the African country. The new agreement, which was signed by Hussain Jasim Al Nowais, chairman, KFED and Admasu Nebebe, Ethiopian Minister of Finance, will help enhance innovation and support […]
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 […]