First Independent Mena Newspaper
Egyptian State-owned “Banque Misr” has signed an agreement with food delivery services provider Talabat Egypt to offer financial and non-financial services to Micro and Small businesses (MSMes), per a press release issued Monday. According to the agreement, Talabat Egypt’s partners will receive concessional financing of up to EGP 2 million ($65,000) needed for their micro […]
The International Monetary Fund (IMF) Monday June 26, threw its support behind the ongoing institutional and political reforms in Burkina Faso, adding that it can provide funding for the transitional process. Martin Schindler, Deputy Division & Mission Chief of the Washington-based institution underlined the support during a meeting with the transitional leader of the West […]
The Senegalese government has earmarked $50.2 million to finance the digitalization of the country’s health system, a top official of the health sector told State-run news agency APS. “The Senegalese government made digital health a priority several months ago. It has agreed to allocate $50.2 million to address the issue,” said Ibrahima Khaliloulah Dia, Coordinator […]
The World Bank Thursday approved a $268.4 million loan to Tunisia earmarked for financing electricity connection with Italy, State-run news agency TAP reports. The electrical interconnection project known as ELMED is set to provide a 230 km-long 600MW connection to Italy’s Sicily. ELMED will produce a quantum leap in the integration of the electricity markets […]
The Africa Trade Gateway (ATG) — a suite of five digital platforms designed as a single window — was officially launched by the African Export-Import Bank (Afreximbank) in Accra this week. The ATG is designed to enable the Afreximbank better deliver on its mandate by providing critical services to support and promote African trade and […]
Bill Gates who is visiting Nigeria this week has urged the government to increase funding for vital solutions, emphasizing the West African nation needs to do more than $10 per person for health care each year. The American business mogul, co-chair of the Bill & Melinda Gates Foundation, is in Niger and Nigeria this week […]
A pan-African payment system that would allow African nations to trade among themselves, using their own currencies, is gaining momentum, as the platform has recently started commercial operations with nine countries having signed up so far, according to the Afreximbank President Benedict Oramah. The African Export-Import Bank — or Afreximbank — expects 15 to 20 […]
Morocco and the Netherlands signed an agreement to create an investment fund worth €300 million, equivalent to 3.2 billion dirhams, to finance investment projects in infrastructure. The agreement for this fund was signed this Wednesday, in Rabat’s twin city, Salé, in the presence of Dutch Prime Minister Mark Rutte, who is on an official visit […]
East African Community (EAC) countries expect overall national government spending to rise in the upcoming financial year that starts on 1 July 2023 and ends on 30 June 2024. Finance ministers from Kenya, Rwanda, Tanzania, and Uganda are to present their annual 2023/2024 budgets under a common theme before their respective parliaments on Thursday June […]
Morocco’s Central Bank has decided to keep its key interest rates unchanged at 3 pc due to persistent inflation fueled by soaring food prices and the war in Ukraine which continues to affect global economy. The decision was made Tuesday by the Board of Bank Al Maghrib during its second quarterly meeting held to discuss […]