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Category: Finance
Egypt, IMF reach deal on policies and economic & structural reforms
Egypt has announced a deal with the International Monetary Fund (IMF) on policies and economic and structural reforms for the country’s new economic reform program, ... Read More
Benin unveils 2023 budget, forecasts 6.5 per cent growth
The administration of President Patrice Talon of Benin has unveiled the 2023 budget put at around $4.5 billion, up from $4.4 billion the previous year. ... Read More
Morocco: USAID & GiveDirectly NGO support agricultural cooperatives with $4 Mln Funding
U.S. Agency for International Development and the International NGO GiveDirectly are providing an additional $4 million to support Moroccan agricultural cooperatives suffering from recent economic ... Read More
World Bank urges Tunisia to carry out crucial fiscal reforms
Axel Van Trotsenburg, World Bank Managing Director of Operations Wednesday called on Tunisia to carry out crucial fiscal reforms which he claimed will put the ... Read More
Egyptian Fintech Firm Telda secures $20 million in seed funding
Cairo-based fintech startup, Telda, has landed $20 million in seeding funding from several investors including Jack Dorsey, former Twitter Chief Executive Officer, Bloomberg reports. The ... Read More
Spain to grant €20Mln loan to Moroccan micro-financing fund Jaïda
The Spanish Council of Ministers approved, on Wednesday, an agreement to grant a loan of up to 20 million euros to the Fund for the ... Read More
Africa is winning cryptocurrency adoption despite 2022 bear market
With many Africans using cryptocurrencies for everyday transactions rather than speculation, cryptocurrency market across Africa grew by over 1200% between 2020 and 2021, and its ... Read More
IMF aims to complete Chad, Zambia debt restructuring by year-end
Debt restructuring efforts for Chad and Zambia could be completed by the end of the year, which would pave the way for more countries to ... Read More
IMF: Morocco’s growth to reach 0.8% in 2022 & 3.1% in 2023
Morocco’s economic growth is expected to slow down to 0.8% in 2022 due to adverse international juncture and rebound to 3.1% the following year, says ... Read More
MENA Region: Economies expected to grow by 5.5% in 2022 – World Bank
The economies of the Middle East and North Africa (MENA) region are expected to grow by 5.5% this year —the fastest rate since 2016—followed by ... Read More