Category: Finance

Africa agribusiness set to become $1 trillion ‘new oil’ industry by 2030 — AfDB

May 11, 2023

Africa’s agribusiness sector is expected to grow to become a $1 trillion industry by 2030, participants at a recent Africa Investment Forum (AIF) have concluded, ... Read More

Africa to become world’s fastest-growing region, outpacing Asia — report

May 8, 2023

The African Continental Free Trade Area (AfCFTA) will facilitate economic growth and development on the continent that is projected to become the world's fastest-growing region, ... Read More

New payment methods, incl. BNPL, in Africa set to continue with strong growth

May 2, 2023

The global daily value of mobile money transactions in 2022 surpassed forecasts to hit $3.45 trillion, according to a latest mobile money industry report, while ... Read More

Negotiations with IFM ongoing – Tunisia’s Social Affairs Minister

May 2, 2023

Malek Ezzahi, Tunisia’s Social Affairs Minister, indicated Monday that talks between the North African country and the International Monetary Fund (IMF) are still ongoing. The ... Read More

Casablanca Stock exchange showcases its assets in London

May 1, 2023

Officials from the Casablanca Stock exchange held meetings with investors in London to showcase the competitive advantages it offers as well as Morocco’s business climate. ... Read More

Arab Fund for Economic & Social Development loans Tunisia $52m for road projects

May 1, 2023

The Arab Fund for Economic and Social Development has granted Tunisia $52 million (KWD16 million) in form of credit facility to be used for road ... Read More

Japan pledges over $700 million for Cairo’s fourth metro line

May 1, 2023

Japan will finance the construction of Cairo’s fourth metro line to the tune of $700 million. The announcement was made Sunday during a visit to ... Read More

Morocco’s King urges Arab financial institutions to pool efforts in face of global economic, climate challenges

April 29, 2023

King Mohammed VI of Morocco said Arab financial institutions should pool effort to address economic challenges in a context of geopolitical tensions and inflationary pressures ... Read More

Fitch gives Morocco ‘BB+’ rating with stable outlook

April 29, 2023

Fitch agency has awarded Morocco 'BB+' rating consolidated with a stable outlook thanks to the country’s sound macroeconomic policies that has supported resilience to shocks, ... Read More

EBRD to approve new $100 mln loan for Banque Misr to finance MSMEs

April 28, 2023

The European Bank for Reconstruction and Development (EBRD) is set to approve by end of May a $100 million loan program to Banque Misr, under ... Read More