First Independent Mena Newspaper
Rwandan prime minister this week held a meeting with the European Union delegation to discuss various areas of partnership to boost trade and investments, while NGOs are pushing Kenya to rescind the recent agreement with the EU to implement the Economic Partnership Agreement (EPA) between them. Following the meeting with Rwandan PM Edouard Ngirente, one […]
Gabon is set to apply for a $52 million loan from Boston-based Santander bank to place order for a C295 military carrier from European multinational aerospace corporation Airbus. The aircraft will beef up the operation capacities of the air forces, local media “Gabon Review” reports. C295, according to experts, is a new-generation tactical airlifter in […]
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 […]
Africa’s fintech market is poised for significant growth, projected to reach a $65 billion in revenue by 2030, which represents a 13-fold increase over 2021, according to a new study conducted by consulting firm Boston Consulting Group (BCG) and QED Investors, a global VC based in the US. This development will make Africa the world’sfastest-growing […]
The integration of migrants into Morocco’s social protection systems is a perfect illustration of the Kingdom’s comprehensive and inclusive approach to migration, Morocco’s Permanent Representative in Geneva, Omar Zniber said on Wednesday. Speaking during the 32nd session of the Standing Committee on Programs and Finance of the International Organization for Migration (IOM), the diplomat noted […]
Morocco’s gigafactory project and EV ecosystem have been boosted with the $280 million new investment announced Wednesday by Chinese Tinci Company for its plant to be built in the North African Kingdom. The new factory will produce and sell lithium-ion battery materials. It will also help the Chinese firm to better serve the European market, […]
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 […]