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Category: Finance
IFC lends OCP 100 mln euros to build four solar plants
The International Finance Corporation (IFC), an offshoot of the World Bank, agreed to lend Morocco’s phosphates and fertilizers giant OCP 100 million euros to fund ... Read More
US Treasury Secretary to urge for ‘speedy’ action on Ghana, Zambia debt relief within G20 framework
US Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Ghana and Zambia for restructuring of their sovereign debts, as ... Read More
Kenya has no money even to pay govt officials but default is ruled out
Kenya will not default on its debt repayment obligations, the president’s chief economic adviser has said, as the country’s government failed to pay its employees ... Read More
Morocco to treat IMF credit line as precautionary
Morocco will continue to consider the IMF flexible credit line of $5 billion as precautionary and would only draw on it in case of external ... Read More
Tunisia’s economic outlook dims as President rejects IMF conditions
Cash-strapped Tunisia continues to face headwinds in its quest to obtain a lifeline $1.9 billion credit from the IMF whose conditions are now openly rejected ... Read More
Where is the money? — Tanzania misused billions of covid-19 funds
After first denying the covid-19 crisis, Tanzania is now unable to account fully for aid received from abroad, as the country’s controller and auditor general ... Read More
Tunisia: Kais Saied opposes agreement with IMF
Tunisia has been running for more than a year behind an IMF loan and its biggest partners, in particular the European Union, and the United ... Read More
West Africa struggles to raise funds on regional capital market — experts
The eight member countries of the West African Economic and Monetary Union (WAEMU) are struggling to raise funds on the regional capital market, as investors ... Read More
Egypt, Nigeria, South Africa slowing down Africa’s growth, says World Bank
A new report by World Bank has highlighted the underperformance of Egypt, Nigeria, South Africa and other African big economies, saying they are slowing down ... Read More
WB grants additional funding of $250 million to finance Morocco’s education support program
The World Bank has granted Morocco an additional funding of $250 million to finance the Support to Education Sector Program. This additional funding will bring ... Read More