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Category: Finance
Natural disasters cost Morocco over $575 million every year – World Bank Report
Morocco is among the countries most exposed to geological and climate-related hazards in the Middle East and North Africa (MENA) region, says the World Bank ... Read More
Angola’s first successful IPO may pave way for privatization of conglomerates
In a major development in Africa's capital markets, Angola has launched its first initial public offering (IPO), which could lead to a slew of privatizations ... Read More
IMF reforms and funding in Africa: focus on Ghana, Zambia, Kenya and Tanzania
Many, if not most, African economies have endured a torrid time over recent years, as their finances have been hard hit by two global crises ... Read More
EU liaises with Morocco to study investment possibilities in Morocco-Nigeria gas pipeline project
The European Union has reached out to the kingdom of Morocco to study possibilities to invest in the Morocco-Nigeria gas pipeline project that will connect ... Read More
UK Foreign Affairs Committee brands Libyan Central Bank Governor financier of militias, gangsters
The UK Foreign Affairs Committee has labelled Saddek Elkaber, the Governor of the Central Bank of Libya (CBL) “well-known financier of militias and gangsters” who ... Read More
Libyan, Tunisian Central Banks to enhance cooperation
The governors of the central banks of Tunisia and Libya held Sunday talks in capital Tunis to improve cooperation between the two institutions. Marouen Abassi ... Read More
Saudi Arabia posts $20.8bn budget surplus in Q2
Saudi Arabia has posted a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022, representing 16 percent increase over the same period ... Read More
Egypt mull plans to list SCA companies on Cairo stock market
The Suez Canal Authority (SCA) is considering listing three companies on the Egyptian Exchange (EGX) by the end of the year, Chairman of the SCA ... Read More
Egypt rejects reports about seeking $15b loan from IMF
Egypt’s Finance Minister Mohamed Maait has denied reports that the Arab Republic is seeking a $15 billion-loan from the International Monetary Fund (IMF) to shore ... Read More
Morocco’s trade deficit expands due to expensive energy imports
Morocco’s trade deficit up to June surged to 150.5 billion dirhams or 14.6 billion dollars as the country sustains a heavy energy bill on the ... Read More