First Independent Mena Newspaper
The West African Development Bank – BOAD- has provided $15.3 million credit facility for Golden Tulip Akwaba hotel project in the Ivorian economic capital Abidjan, whose foundation was laid in December last year. The bank announced the credit facility this week adding that the loan will be used to build and exploit the future infrastructure. […]
Sound Energy PLC on Wednesday said that Casablanca-based Attijariwafa offered to finance the second phase of its development of the Tendrara production concession in Morocco. The London-based Morocco-focused upstream gas company said Attijariwafa offered up to around $237 million, subject to conditions being met before the end of September. The funding includes a 12-year term […]
Morocco respects the requirements of fiscal transparency, the U.S. State Department points out in its annual Fiscal Transparency Report. Of the 141 countries evaluated, the governments of 72 countries met minimum requirements of fiscal transparency in 2022, says the report, which was released this Tuesday June 27. Sixty-nine countries did not meet the minimum requirements […]
Mozambique’s former Finance Minister, Manuel Chang, will reportedly be extradited to New York next month to face charges in the United States over his role in a $2 billion bond fraud scandal involving also Credit Suisse Group AG that paid $475 million for its role in alleged fraud, a UN prosecutor said on Monday June […]
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 […]