First Independent Mena Newspaper
Egypt signed Sunday a five-year agreement with the International Finance Corporation (IFC) to advise on its Initial Public Offering (IPO) program under which dozens of state-run companies will be listed on the stock market. The World Bank’s for the Empowerment of the Private Sector will act as a strategic advisor to the government for the […]
Gabon’s leader Ali Bongo is expected in the attendance of “Nouveau Pacte financier Mondial”, a global Summit staged in Paris June 22-23 seeking to increase funding for the least developed countries and those most vulnerable to climate change. The event co-organized by France, India (chair of the G20) and Barbados will be attended by several […]
COMESA, or the Common Market for Eastern and Southern Africa, has recorded a significant increase in trade both globally and within the region above the pre-Covid-19 pandemic levels, according to the latest detailed report on key developments and achievements recorded in the past year in the COMESA region under the market integration and physical integration […]
The World Bank has agreed to provide Morocco $350 million additional funding to support the country’s social protection system, especially AMO-TADAMON destined for vulnerable populations (women, children & people with disabilities) and isolated populations in rural or remote areas. The new loan comes after the $400 million disbursed in 2020 to mitigate the impacts of […]
The Ivorian Government inked Tuesday three Memorandum of Understanding (MoU) worth $450 million for three projects to increase sustainable economic growth, job creation and private sector development, Anadolu news agency reports, citing a communique issued by national steering Committee for public-private partnerships. The agreements were signed on the sidelines of the Africa CEO Forum held […]
The World Bank announced Wednesday the resumption of its partnership with Tunisia, two months after suspending cooperation with the North African country following President Kais Saied’s remarks on Sub-Saharan African migrants deemed racist. Tunisia and the Washington-based institution prior March were in talks for a $500 million program encompassing direct support to the hardest-hit families […]
As the leaders of the Group of Seven (G7) wealthy democracies converge for a summit in Japan, winds of change are blowing for Africa, which has so far been more of a discussion topic rather than an active participant in international politics, but is now demanding its rightful place in global dialogues and decision-making processes. […]
The World Bank and industry stakeholders have called for the lowering of the cost of sending remittances from the African diaspora to their home countries, as the money sent home is crucial in supporting household expenses in many developing countries. Sub-Saharan Africa remains the region most affected by the global crisis, but remittance inflows from […]
The World Bank has approved a new $7 billion partnership agreement with Egypt for 2023-2027 with a focus on boosting private sector jobs, provision of better health and education services, and adaptation to climate change. The bank in a statement said the Country Partnership Agreement (CPF) will entail $1 billion per year from the International […]
The World Bank said it halted cooperation with Tunisia after a surge in racism in the country triggered by anti-migrant speech by its president. President Kais Saied stoked racism in the country, triggering a spate of state-condoned violent acts that affected many Sub-Saharans living in the country. News agencies, including Reuters, said the World Bank […]