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Category: Finance
Russia to start financing industrial zone construction in Egypt from 2022
Russia will start financing construction of the industrial zone in Egypt and is considering the use of such format in other countries, First Deputy Minister ... Read More
Morocco to post MENA region’s highest growth rate in 2021 at 6.3% – IMF says
The IMF expects Morocco’s economy to grow 6.3%, the highest rates among its MENA peers, as the country continues its fiscal and monetary stimulus. Morocco’s ... Read More
Looming debt crisis haunts Tunisia’s economy
Tunisia is facing the real risk of defaulting on its external debt which has reached 100% of GDP compared to 35% in 2010. The credit ... Read More
Morocco: Moves to facilitate SMEs’ access to capital market
A memorandum of understanding to facilitate the access of small and medium-sized enterprises (SMEs) to the capital market was signed on Wednesday in Casablanca. The ... Read More
EBRD grants Tunisia €49m for water projects
The European Bank for Reconstruction and Development (EBRD) announced Tuesday the allocation of €49 million in form of credit facility to finance water projects in ... Read More
Robust remittances from Moroccans abroad offset tourism losses
The restrictive measures to contain the Covid-19 pandemic have dealt a blow to the inflow of hard currency from the tourism business in Morocco that ... Read More
EBRD Supports Morocco’s Capital Markets with E-Learning Program
The European Bank for Reconstruction (EBRD) has launched capital markets e-learning program to support the development of Morocco’s financial system. The program was launched in ... Read More
Morocco: AfDB approves €120 million loan to support entrepreneurs, SMEs, stimulate recovery
The Board of Directors of the African Development Bank (AfDB) on Wednesday in Abidjan approved a €120 million loan to Morocco to implement the country's ... Read More
AfDB supports Moroccan agricultural development program with over €114 Mln
The African Development Bank (AfDB) will contribute €114.03 million (1.184 billion dirhams) in support of the Moroccan Program for Inclusive and Sustainable Development of Agricultural ... Read More
IMF: Outlook for Algeria remains uncertain & challenging
The pandemic has increased Algeria’s “ongoing economic vulnerabilities” following a succession of adverse shocks since 2014, said the International Monetary Fund (IMF), affirming that” the ... Read More