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Category: Finance
Foresight Africa: Brookings report outlines top priorities for the continent in 2023
With numerous external and internal headwinds, it is easy to be pessimistic about Africa’s prospects, yet, time and time again Africa has proved resilient and ... Read More
Feed Africa Summit: AfDB to commit $10 billion to make continent the breadbasket of the world
The African Development Bank Group will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary ... Read More
IMF commends Morocco for mitigating economic impact of external shocks
The IMF highlighted on Jan 24 the “very strong policy response” that Morocco took to mitigate the social and economic impact of the recent negative ... Read More
Norway’s agency to boost fertilizer supply to 850,000 African smallholder farmers
The African Fertilizer Financing Mechanism (AFFM) has received a $10.15 million financing from the Norwegian Agency for Development Cooperation (NORAD) destined to support agricultural projects ... Read More
Algerian President manipulates and inflates economic indicators
Soon after announcing the retrieval of 20 billion dollars, President Tebboune drew mockery when he said that another 36 billion dollar amount was confiscated from ... Read More
Morocco’s subsidies spending surges to $4 bln in 2022
Morocco’s spending to support the purchasing power of its citizens at a context of imported inflation rose to 40 billion dirhams ($4 bln), finance minister ... Read More
Egypt to hold community dialogue on FY 2023/24 budget draft to identify priorities
Egypt will put Financial Year 2023-2024 budget draft to a community dialogue expected to be convened within the next few weeks in view of enhancing ... Read More
Africa: A 4% growth rate in 2023, outpacing IMF’s global forecast — AfDB report
The African Development Bank predicts the continent’s growth will be stronger-than-expected at 4% this year. Its cautiously optimistic economic outlook is partly based on the ... Read More
Egypt signed Sunday a $1.5 billion Annual Work Program with the International
Egypt signed Sunday a $1.5 billion Annual Work Program with the International Islamic Trade Finance Corporation (ITFC), an autonomous entity within the Islamic Development Bank ... Read More
Morocco to issue dollar-denominated bond in 2023- Central Bank
Morocco would issue a dollar-denominated bond in 2023, the first since 2020, the central bank said. Morocco has yet to recover its investment grade although ... Read More