Moroccan Bank Boosts South-South Cooperation
Moroccan Attijariwafa bank officially became last week the majority shareholder in BIA Togo, confirming thus its role in boosting regional economic development and South-South cooperation. […]
Finance
US government becomes Jordan’s loan guarantor
The United States have decided to come to Jordan’s rescue by willing to serve as a guarantor for its loans. The kingdom of Jordan is […]
Libyan Banks ready to auto-finance development and growth
Libya’s banking sector is willing to give more support to the Libyan Airlines in order to make a regional and even a continental powerhouse in […]
U.S. Earmarks a $7 billion investment to double access to electricity across sub-Saharan Africa
President Barack Obama announced over the weekend Washington will earmark a $7 billion investment over the five coming years to double populations’ access to electricity […]
Egypt is struggling due to bad credit ratings
Government officials in Cairo have claimed that the State-owned Egyptian General Petroleum Corp. (EGPC) is close to acquiring a letter of credit from the National […]
Tunisia: Government to recapitalize banks by September
The Tunisian government’s published a letter sent to the IMF, describing the government’s intention to recapitalize its banks through a rescue operation. The amount needed […]
Egypt: NGO warns European Bank against loan
The European Bank for Reconstruction and Development (EBRD) should be deciding on Wednesday whether they will fund oil drilling projects in Egypt with a $40m […]
Algiers plans gets World Bank support
The World Bank’s Vice President for the Middle East and North Africa Region, Inger Andersen, has assured Algeria of their continuous support in the expansion […]
Tunisian institutions at loggerheads about IMF loan
The stand-by loan agreed upon and expected to be signed this month by the Tunisian government and the International Monetary Fund (IMF) is again being […]
Egyptian pound settles for a another new record
The Egyptian pound has strike a new low against the US dollar, after official exchange rates reached LE7, a rate unseen since 2003, in commercial […]