First Independent Mena Newspaper
The Central Bank of Egypt (CBE) has temporarily raised the daily cash withdrawal limit for individuals and businesses at bank branches from EGP 250,000 to EGP 500,000. This exceptional measure is intended to cushion the impact of ongoing telecommunications disruptions that have affected regular banking operations across the country. The CBE stated that the adjustment […]
The Central Bank of Egypt (CBE) has temporarily raised the daily cash withdrawal limit for individuals and businesses at bank branches from EGP 250,000 to EGP 500,000. This exceptional measure is intended to cushion the impact of ongoing telecommunications disruptions that have affected regular banking operations across the country. The CBE stated that the adjustment […]
The World Bank has urged Mauritania to adopt decisive reforms to safeguard macroeconomic stability and promote more inclusive and sustainable economic growth. In a statement shared on social media, the Bank stressed the critical need for economic diversification, highlighting the overreliance on the mining sector as a major vulnerability. It recommended that revenues from mining […]
Morocco’s banking sector has demonstrated remarkable resilience and growth, with net profits surging 24 percent according to the latest assessment by the country’s financial stability watchdog, reinforcing the sector’s position as a pillar of economic strength. The Committee for Coordination and Monitoring of Systemic Risks (CCSRS), meeting Monday at Bank Al-Maghrib headquarters in Rabat, highlighted […]
Morocco’s Central Bank has joined the Pan-African Payment and Settlement System (PAPSS), a centralized financial market infrastructure that enables the efficient flow of money securely across African borders, minimizing risk and contributing to financial integration across the Continent. Morocco becomes the 17th country adhering to PAPSS developed by the African Export-Import Bank (Afreximbank) in partnership […]
International research firm BMI, a Fitch Solutions subsidiary, has revised Morocco’s 2025 economic growth forecast downward to 4.8%, from a previous estimate of 5%. The adjustment reflects cautious optimism amid an uncertain agricultural recovery and mixed signals in public and private investment. The revision follows Morocco’s High Commission for Planning data showing real GDP growth […]
Algeria’s economic foundations are showing serious cracks, including an unsustainable fiscal system, rigid economic structure, dependence on oil and mounting external vulnerabilities, the IMF warned in a new report. The budget deficit expanded to 13.9% of GDP in 2024, one of the highest in the region, the IMF said, noting that this sharp deterioration stems […]
The International Finance Corporation (IFC) said it is working with the African Development Bank (AfDB) and Nigeria’s EbonyLife Media to study the feasibility of launching a pan-African investment vehicle targeting the continent’s film sector. The initiative aims to unlock fresh private and institutional capital to help African producers create and distribute stories for global audiences, […]
Africa’s trade is poised to hit a record $1.5 trillion in 2025, driven by accelerating regional integration and improved infrastructure, according to projections from the IMF and Afreximbank — yet economists warn of persistent structural hurdles. With trade growth expected to average 5.1% annually through 2026 and intra-African trade expanding at 6.6% per year, the […]
The Libyan Investment Authority (LIA) has achieved the highest growth rate among global sovereign wealth funds in 2025, according to a report by Global SWF. The LIA recorded an impressive 32% year-on-year growth, earning an overall score of 84% in the Governance, Sustainability, and Resilience (GSR) Scoreboard. This performance places the LIA third among Arab […]