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Category: Business
African women entrepreneurs call for support to help them benefit from AfCFTA
More than 200 African women entrepreneurs from 35 countries meeting in Cameroon’s capital have called for more support from lenders and governments to help them ... Read More
Gates Foundation pledges $7 billion to help fund Africa’s agriculture, health
The Bill & Melinda Gates Foundation said it was committing $7 billion to Africa over the next four years, as the American billionaire and philanthropist ... Read More
Egypt unveils $40.7m fund to invest in cutting carbon emissions projects
The Egyptian government launched a fund for investment in projects issuing carbon certificates with an authorized capital of EGP 1 billion ($40.7 million). The fund, ... Read More
Guinea: Minister of Infrastructure & Transport fired over alleged corruption
Guinea President Mamady Doumbouya has sacked the Minister of Infrastructure and Transport, Yaya Sow, under investigation since November 7 over alleged corruption attempt in his ... Read More
Bloomberg picks Marrakech for global economy forum, lauds King’s climate action leadership
International financial news agency Bloomberg said it picked Marrakech to host its first conference titled “Bloomberg New Economy Gateway Africa,” in June 2023, highlighting Morocco’s ... Read More
Crypto winter: in wake of FTX’s collapse, Africa’s crypto community calls for urgent regulation
The recent collapse of FTX exchange platform has sent shockwaves around the world, taking with it billions of investors’ money, including in Africa where crypto ... Read More
IFC to invest $100m in Nairobi-listed Diamond Trust Bank to back SMEs hit by pandemic
International Finance Corporation (IFC) will invest 12.18 billion shillings ($100 million) in Nairobi-listed Diamond Trust Bank (DTB) to support small and medium enterprises (SMEs) impacted ... Read More
USDA: Morocco, 15th-largest fruit exporter in the world
Morocco’s fruit exports have more than doubled from $729 million recorded in 2016 to more than $1.5 billion in 2021, accounting for more than a ... Read More
Guinea’s Mamadi Doumbouya orders audit of national budget management
The leader of transition in Guinea Mamadi Doumbouya has ordered Prime Minister Bernard Gomou to audit the spending of the national budget after the country ... Read More
Morocco, Djibouti to bolster cooperation in merchant marine
Morocco and Djibouti signed, Monday in Rabat, a cooperation agreement aimed at developing maritime relations between the two countries and at ensuring better coordination of ... Read More