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Category: Finance
WB supports Morocco’s North-East Economic Development Project with over €236 Mln funding
Morocco and the World Bank signed on Monday in Rabat a €236.7 million loan agreement for the funding of the North-East Economic Development Project destined ... Read More
Benin to increase minimum wage by end of November
Benin President Patrice Talon announced an increase of the minimum wage in November, the spokesperson of the government, Landre Hougbedji told 24 Au Benin Info ... Read More
Morocco: Government expects growth to improve to 4.5% in 2023
The Moroccan government is elaborating a budget bill forecasting growth at 4.5% in 2023 after 1.5% in 2021, assuming an average agricultural output. Growth has ... Read More
Malawi’s intra-Africa trade rises to 32%, boosted by AfCFTA — Brookings study
Trade exchange between Malawi and other countries in the African region has improved over the years, with statistics showing that Malawi now accounts for 32% ... Read More
IMF approves $1.3bn loan for debt-stressed Zambia
Zambia, the first African country to default on its debt in the COVID-19 era, has won International Monetary Fund board approval for a $1.3bn support ... Read More
Morocco receives over $5.4 billion in remittances
Remittances flows to Morocco reached more than $5.4 billion during the first seven months of 2022, against $5.1 billion recorded the same period of last ... Read More
Morocco to raise wages of private sector employees
Workers in the private sectors will benefit from a 10% wage hike within the next two years, while the minimum salary in the agricultural sector ... Read More
US grants Madagascar $20m to address food insecurity
The United States has allocated to Madagascar $20 million to help the African country to tackle food security exacerbated by the ongoing Russia-Ukraine conflict. The ... Read More
Guinea to revamp two-star Labe tourism hotel
The Guinean tourism ministry has signed a deal with SAB-TRANSIT SAU to refurbish and expand state-owned two-star tourism hotel Labe located in Labe, the capital ... Read More
Did Tunisian President receive Polisario chief for $200 mln Algerian loan?
The unilateral invitation by Tunisian president to polisario chief and Algerian proxy Brahim Ghali continues to spill ink. Maghreb Intelligence reports that Tunisia’s president rolled ... Read More