First Independent Mena Newspaper
President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, starts this Wednesday a three-day working visit to Morocco for talks with government officials and leaders of the private sector and civil society. Commenting her Moroccan trip, Ms.Renaud-Basso said the bank is committed to supporting Morocco’s economic growth, regional integration and green economy […]
The World Bank has agreed to grant Tunisia a $120 million loan earmarked to facilitate access to funding by Small and Medium Enterprises (SMEs). The announcement was made by WB vice-president for MENA region, Farid Belhaj. The credit will be dished out to financial institutions by the Ministry of Finance and then to SMEs qualified […]
Over the past two decades, investment in Morocco amounted to 30% of GDP annually, in an effort led by the state. This model has hit its limits as Morocco aspires to see the private sector playing a leading role in promoting investments and bolstering growth. The adoption of the investment charter last year aims to […]
Cameroon under the directives of President Paul Biya has lined up for a $34.7 million loan from the Islamic Development Bank (IsDB) to finance the Presidential Plan for the Reconstruction and Development of the Anglophone Regions of Northwest and Southwest. The plan estimated at around $3 billion encompasses three phases namely rehabilitation and development of […]
The World Bank announced that it has allocated additional financing of $200 million to the Education Support Program in Morocco, bringing the total project value to $700 million. In a recent document, the World Bank spoke of additional financing aimed at restructuring the results of the main indicators, in addition to extending the program from […]
Recent visits to Africa by US Treasury Secretary Janet Yellen and US Ambassador to the United Nations Linda Thomas-Greenfield came as a new study by Boston University found China’s overseas investments in the Covid-19 era have slid to a 13-year low. Analysts say Washington is trying to compete with China for influence in Africa, with […]
The Egyptian Prime Minister, Mostafa Madbouly, indicated that the Arab country hopes to list at least 20 state-owned companies in 2023 as part of a larger strategy aimed at generating more revenues, Zawya reports. Not all companies will be listed on the EGX (the Egyptian stock market). Some will see major shares sold to strategic […]
Africa’s bilateral trade with China surged to a record high in 2022, highlighting how Beijing’s commercial influence over the continent continues to dwarf that of the United States. Beijing’s push to promote imports from Africa and rising commodity prices pushed trade up 11% to $282 billion last year. China’s exports to Africa were $164.49 billion, […]
With numerous external and internal headwinds, it is easy to be pessimistic about Africa’s prospects, yet, time and time again Africa has proved resilient and hence also in 2023 many African countries will continue to fare well, despite the odds, says an annual report launched by Brookings Institute launched on Monday (30 January). Since the […]
The African Development Bank Group will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world, AfDB President, Dr Akinwumi Adesina, announced at the Dakar 2 Africa Food Summit in Diamniadio, east of the Senegalese capital, […]