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Category: Finance
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
BRICS-issued new currency may pave way for de-dollarization
As the 15th edition of the BRICS summit approaches, two topics are high on the grouping’s agenda: its expansion, with the arrival of several African ... Read More
Wealth Report 2023 confirms that ’Africa is not poor but impoverished’
Not all Africans are poor — this could arguably be the main message from the 2023 edition of the annual Africa Wealth Report by London-based ... Read More
Rabat & Berlin make joint financial contribution to Migration Multi-Partner Trust Fund
Morocco and Germany announced on Wednesday in Geneva a joint financial contribution for the Migration Multi-Partner Trust Fund (MPTF) of the International Organization for Migration ... Read More
Egypt, Greece ink MoU on periodic financial dialogue
Egypt and Greece have signed a Memorandum of Understanding (MoU) to launch a periodic dialogue between their ministries of Finance in order to exchange views ... Read More
DRC gets €32.7m loans to address humanitarian challenges in restive Eastern region
The European Union (EU) has provided a fresh credit facility of 32.7 million euros to the Democratic Republic of Congo to be used to provide ... Read More
Kenyan default fears intensify as anti-government protests are to resume
Investors are unloading Kenya’s dollar bonds due 2028, whose yields have climbed to 14.6% and the shilling has also trading at a record low, while ... Read More
WB: Morocco needs to invest $2.6 Bln annually for its decarbonization transition
Morocco’s transition to low-carbon economy requires an annual investment of $2.6 billion through 2030, rising to $17.4 billion annually by 2050, according to a report ... Read More
Word Bank, IMF loan Côte d’Ivoire over €550 million for development projects
Côte d’Ivoire has secured two loans worth nearly €560 million from the World Bank and the International Monetary Fund (IMF) for the financing of two ... Read More