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Category: Finance
Inflation could “inflame social tensions”, warns IMF
The global economic outlook is "darkening", the managing director of the International Monetary Fund (IMF) said on Wednesday, citing the war in Ukraine and the ... Read More
Morocco: Al Amana Microfinance gets $8 Mln funding from IFC to encourage women in business
The International Finance Corporation provides al Amana Microfinance, one of Morocco's largest micro lenders, $8 Million loan to support smaller businesses, especially those run by ... Read More
Morocco: AfDB supports generalization of social coverage program with $87 million
The African Development Bank Group will lend Morocco €87 million to help the country implement the Support Program for the Generalization of Social Coverage. The ... Read More
EIB, Banque Misr ink two deals to support SMEs in Egypt
The European Investment Bank (EIB) and Banque Misr have signed two technical assistance agreements to support small- and medium-sized enterprises (SMEs), Arab Finance reports citing ... Read More
Morocco spearheads collective efforts in favor of Africa’s financial resilience to global crises
Morocco has hosted within four weeks three key events to leverage resources and spur joint action in favor of Africa’s financial resilience in the face ... Read More
Morocco’s King calls for more international support to enhance African economic resilience
King Mohammed VI has called for more international support and cooperation to enable African countries to mitigate the impacts of the soaring inflation affecting the ... Read More
Moody’s confirms improvement of Morocco’s financial outlook to stable
Credit rating agency Moody’s affirmed Morocco’s outlook to stable from negative while it maintained its long-term issuer at BA1. Moody’s noted the recovery of Morocco’s ... Read More
Tunisia: Talks with IMF for new financing program start Monday
Tunisia is starting this Monday formal talks with the International Monetary Fund (IMF) for a credit line to be used to prop up the sluggish ... Read More
Israel’s I.M.S Ovadia Group Ltd to invest $500 million in Moroccan health sector
Morocco’s health ministry and Israel’s IMS Ovadia Group signed a Memorandum of Understanding to build 5 hospitals in the country for a total cost of ... Read More
OCP Foundation supports Senegal preserve biodiversity under a $2.2 Mln agreement
The OCP Foundation signed, Monday in Dakar, a $2.2 Mln agreement with the Senegalese Agency for Reforestation of the Great Green Wall (ASRGM) aimed at ... Read More