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Category: Finance
Davos: Morocco enters new development phase to build social state (Gov’t Chief)
Morocco is entering, thanks to the leadership of King Mohammed VI, a new phase of its development characterized by the building of a Social State, ... Read More
Aya Gold & Silver Company raises $70 Mln for its projects in Morocco
Canadian company Aya Gold & Silver has raised $70 million for the development of its Moroccan Boumadine and Zgounder mining projects, near Ouarzazate. On Tuesday, ... Read More
EAC members bicker over who will host regional central bank to be set up in 2023
A decision to set up the East African Monetary Institute (EAMI) — the Central Bank of East Africa — which is widely seen as a ... Read More
Egypt: Launch of Erada microfinance to provide financial services to SMEs
The Sovereign Fund of Egypt (TSFE) and Etisalat Egypt have launched Erada Microfinance to provide access to a wide range of financial services to micro ... Read More
China, Benin ink deal on partial debt cancellation
China and Benin signed a Memorandum of Understanding (MoU) on partial debt cancellation Saturday during the visit of the Chinese top diplomat Qin Gang to ... Read More
From Morocco, African states call for cheaper remittance transfer costs
African diaspora is in need of urgent action to reduce the cost of remittances, an instrumental source of investment and a key factor in reducing ... Read More
Morocco, Libya discuss cooperation in fighting financial crimes
The strengthening of cooperation between Morocco and Libya in the fight against financial crimes was at the focus of a meeting between public prosecutor at ... Read More
WB: Morocco’s growth to pick up to 3.5% in 2023 & 3.7% in 2024
The World Bank expects Morocco’s economic growth to increase to 3.5 percent in 2023 and 3.7 percent the following year as the country’s agriculture sector ... Read More
US donates Somalia $9 million worth of weapons, equipment for anti-al-Shabab campaign
The United States has provided $9 million in new military aid to help Somalia's ongoing campaign against al-Shabab militants, the US embassy in Mogadishu announced. ... Read More
Rough start to 2023: inflation persists in DRC, Senegal, S.Africa despite measures
Inflation constitutes one of the major economic problems all across Africa, with the food prices in the Democratic Republic of Congo (DRC) and South Africa ... Read More