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Category: Finance
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
Afreximbank approves $200 million for Uganda crude pipeline as NGOs denounce the project
Afreximbank has approved $200 million toward financing of a contested oil pipeline to export Uganda's crude, while a report released by two environmental NGOs has ... Read More
Energy, commodities imports deepen Morocco’s trade deficit
Morocco’s trade deficit deepened 56% to 215 billion dirhams ($20 billion) up to August amid soaring prices of refined energy products, wheat and ammonia in ... Read More
Moroccan banks control 21% of the west African market
Thanks to decades of investments, Moroccan major banks increased their market share in the 8 countries of the West African economic community (ECOWAS) to 21%. ... Read More
AfDB Lends Morocco €199 Mln for Climate Resilient Crops
The African Development Bank has approved a €199 million loan to finance Morocco’s competitive & resilient cereal development program to help boost food security, nutrition, ... Read More
UNDP loans Cameroon $21m to strengthen SMEs’ resilience
The UNDP and Cameroon have inked a loan deal of $21 million earmarked to strengthen the resilience of Small and Medium Enterprises (SMEs) of the ... Read More
African Stability and Liquidity Mechanism could help avert debt crisis — study
The looming debt crisis in Africa can only be resolved with a more stable and liquidity market in African government bonds, argue Daniel Cohen, the ... Read More
Monetary policy by itself not enough to ease inflation – Cent Bank governor says
Morocco’s central bank has hiked its key rates by 50 basis points to 2% to tame a soaring inflation, but this measure alone is not ... Read More
EBRD expects Morocco’s growth to slow to 1.1 % in 2022 & rebound to 3.3 % in 2023
The European Bank for Reconstruction and Development (EBRD) expects Moroccan economic growth to decelerate to 1.1 per cent in 2022, before rebounding the following year ... Read More
Madagascar slams embezzlement of around 12.4 million euros in 8 months in public Administration
Madagascar’s State Inspectorate-General (IGE) Tuesday denounced the embezzlement of around 12.4 million euros (MAG51 billion) of state funds in the public Administration over a period ... Read More