First Independent Mena Newspaper
Credit rating agency Standard & Poor’s Global Ratings has maintained Morocco’s sovereign credit rating at BB+/B with a “stable outlook”, attributed to the country’s ongoing structural reforms that will support robust economic growth. “The stable outlook on Morocco reflects our expectation that ongoing structural reforms will support robust economic growth and help counterbalance external and […]
The International Monetary Fund (IMF) has loaned Burkina Faso $80.7 million to help the West African country surf the impact of the global food crisis. “Food insecurity in Burkina Faso has increased significantly owing to deteriorating security conditions, which led to the displacement of about 2 million people; unfavorable climate events; supply-chain disruptions following the […]
Zambia and Germany have launched a program worth 3 million euros aiming at reducing carbon emission and promoting sustainable development projects, reports say. Launched in capital Luzaka, the program is dubbed “Supporting Preparedness for Article 6 Cooperation” or SPAR6C, a program of the International Climate Initiative (IKI). IKI is an important part of the German […]
The Rabat-based Bayt Mal Al-Quds Asharif Agency has inaugurated in the Holy City of Al Quds the emergency vigilance, coordination and monitoring unit, funded by the Kingdom of Morocco. The opening of this unit, which is part of the Agency’s budget allocated this year to support the health sector, was supervised by the director in […]
The World Bank has granted an additional €94.7 Mln loan to the Casablanca Municipal Support Program, destined to increase the investment capacity of the commune, to strengthen the resilience of the city of Casablanca to the effects of climate change, and to improve access to basic services for citizens. The additional financing will allow to […]
The World Bank and industry stakeholders have called for the lowering of the cost of sending remittances from the African diaspora to their home countries, as the money sent home is crucial in supporting household expenses in many developing countries. Sub-Saharan Africa remains the region most affected by the global crisis, but remittance inflows from […]
BMCE Capital, the investment banking arm of Bank Of Africa-BMCE Group, has been awarded the prize of the “Best Investment Bank in Morocco in 2023” by the “International Investor Magazine”. This award confirms BMCE Capital’s position in investment banking, both nationally and continentally, and its quest for excellence in the service of its partners and […]
A partnership and cooperation framework agreement was signed, Monday in Ramallah, between Bayt Mal Al-Quds Asharif Agency and the Bank of Palestine, covering several development areas. The agreement provides for cooperation between the Rabat-based Agency and the Bank to create financing instruments for the benefit of the housing and tourism sectors, in order to achieve […]
Home to the second most crypto-currency holders in the world, Africa is in urgent need for greater consumer protection and regulation of the crypto industry, experts say, which has been highlighted by the collapse of the world’s third largest crypto exchange FTX and subsequent plunge in the prices of major crypto assets, most notably Bitcoin. […]
US Secretary of State Antony Blinken urged Tunisia to speed up efforts in order to reach a deal with the International Monetary Fund that would spare it economic collapse. “The most critical thing they can do on the economic side is actually get an IMF agreement,” Blinken said at a senate hearing in a statement […]