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