First Independent Mena Newspaper
Côte d’Ivoire has received from the Islamic Development Bank (IsDB) a financing credit worth $195 million for the construction of a 74km-long road inscribed in the National plan of development, Sika reports. The credit line will finance Bouake-Darakokaha express road, a section of the planned 1,300 km long road project Abidjan-Ouagadougou (Burkina Faso), to cost […]
Senegal’s President Macky Sall has appointed on September 14 Cheikh Issa Sall, Chief Executive Officer (CEO) of Municipal Development Agency as the new head of Caisse des Dépôts et Consignations after firing the Chief of the financial institution Mame Boye Diao, few moments after the latter unveiled his plans to run for next year’s presidential […]
Almost $1 billion will be disbursed by the African Development Bank (AfDB) to young entrepreneurs to help tackle climate change on the continent, AfDB President Akinwumi Adesina announced, noting that failing to invest in the youth will hurt Africa. In an effort to combat climate change, the AfDB and the Global Centre on Adaptation (GCA) […]
The East African countries have not done enough to make sufficient progress in delivering on the pending actions outlined in the East African Monetary Union roadmap for a region’s single currency, according to the East African Budget Network (EABN). Therefore, East African Community (EAC) governments have been urged to fast-track the implementation of a single […]
Two African countries — Nigeria and South Africa — have been listed among the most crypto-savvy countries in the world, according to a new 2023 global survey that also found that the use of cryptocurrency remains a contentious issue in numerous markets across the region. According to the 2023 global survey by Consensys and YouGov, […]
There will be “a very strong focus on the African continent” during the annual meeting of the World Bank Group (WB) and the International Monetary Fund (IMF) in Morocco, in October, IMF’s chief said in a recent interview with CNN, adding that the timing is ripe as countries on the continent grapple with sluggish growth, […]
Tunisia is now the African country facing the highest default risk as the government remains reluctant to implement reforms to be eligible for an IMF package of $2 billion. With one of the world’s highest wage bills in terms of percentage to GDP, Tunisia under autocratic president Kais Saied, is unwilling to implement painful reforms […]
The China Development Bank (CDB) and the African Export-Import Bank (Afreximbank) inked Monday August 28 a $400-mllion loan to be used to support the financing of small and medium-sized enterprises (SMEs) across Africa. President of CDB, Mr. Tan Jiong, and President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, signed the […]
Morocco will start offering direct financial aid to poor families before the end of the year as part of a program to foster social safety nets, head of the Moroccan government Aziz Akhannouch said. Speaking at the first cabinet meeting after the summer break, Akhannouch said the government would distribute the aid on the basis […]
The European Bank for Reconstruction and Development (EBRD) announced on Wednesday it has launched the second phase of its “Star Venture” program to support the growth of 8 Moroccan startups. The program, financially supported by Korea, aims to identify high-potential startups and mobilize global expertise to help them develop rapidly, the EBRD said in a […]