First Independent Mena Newspaper
Ethiopia has become the latest African country to launch its own stock exchange on January 10 to open-up its growing economy to private investors. The launch is part of economic reforms to end the state control of the economy of the near 100-million-nation. Dubbed, the Ethiopian Securities Exchange (ESX), the bourse is expected to provide […]
The African Development Bank (AfDB) will support the first phase of Egypt’s Private Sector Development and Economic Diversification Program. This comes under a $131 million agreement with the Egyptian Government and is part of a broader effort to strengthen Egypt’s economy and improve the business environment. This initiative aligns with the government’s strategy to enhance […]
The Board of Directors of the African Development Fund, the African Development Bank Group’s concessional window, approved a €38.84 million loan to Benin to help implement the initial phase of the Economic Governance and Private Sector Development Support Program, Abidjan-based lender said in a statement. The program designed to assist the Beninese government in its […]
Morocco’s Health Ministry and the federation of specialized doctors signed a deal to elaborate a road-map for the reform of the health sector, in a step that comes amid enormous challenges to public hospitals due to the pandemic. Moroccan population is one of the most under-served among its North African peers with 0.7 doctors per […]
The European Investment Bank Group (EIB) announced a financial support for the private sector in Morocco worth €440 million, notably through its credit lines with Moroccan financial institutions. The loan is intended to assist Morocco in addressing the impact of COVID-19 on the economy. “These credit lines dedicated to financing the private sector would be […]
Bidding announced by the Egyptian Natural Gas Holding Company (EGAS) to sanction the importation of Liquefied Natural Gas (LNG) by the private sector for first time in Egypt has expired although some major oil and gas companies withdrew. Companies such as British Petroleum, Royal Dutch Shell, the Kuwaiti Kharafi Group and Taqa Arabia, a subsidiary […]