Caixa Angola recovered EUR 21 million of non-performing loans this year
Banco Caixa Geral de Angola has been paying off delinquencies, mainly focused on operations carried out in 2014 and 2015, and this year it recovered […]
Finance
Morocco: Rise in Minimum Wage Helps Reduce Inequalities
The Moroccan government has decided to increase by 5% minimum wage to $281 for employees in the industrial, commercial and professional sectors. The pay rise […]
Mozambique: World Bank resumes direct support to the State Budget
World Bank to disburse $300 million in direct support to Mozambique’s State Budget, six years after international partners suspended the model due to hidden debts. […]
EU Earmarks Additional 4 Mln Euros to Uganda Amid Refugees Influx
The European Union has earmarked an additional €4 million ($4.1 million) to help Uganda cope with the massive influx of new refugees from the Democratic […]
Morocco: 2022 Cereal Output Drops 67% to 34 Mln Quintals
Cereal production in Morocco plummeted this year by 67% to 34 million quintals from 103.2 million quintals recorded in 2021, says a statement released by […]
UN Humanitarian Affairs Office grants Somalia $9.5Mln to cope with famine
The Office for the Coordination of Humanitarian Affairs (OCHA) has granted $9.5 million to Somalia to provide immediate assistance to people in areas most at […]
Qatari fund backed by QIA acquire hotel in Kenya for $39m
Kasada Hospitality fund, an independent Qatari investment platform dedicated to hospitality in Sub-Saharan Africa, has acquired Nairobi-based Crowne Plaza Hotel for nearly $39 million with […]
Chad: The legal proceedings involving Mahamat Deby’s former personal assistant
The former private secretary of the transitional president was presented to the courts last weekend. Idriss Youssouf Boy was arrested several weeks ago with other […]
U.S pledges $50m to prop up Egypt’s food security
The US has pledged $50 million (947 million Egyptian pounds) to strengthen Egypt’s food security and help the country offset the consequences of the Russia-Ukraine […]
Africa50 Holds its 2022 General Shareholders Meeting in Marrakech
Africa50, the pan-African infrastructure investment platform, operating under the umbrella of the African Development Bank (AfDB), is holding its 2022 General Shareholders Meeting in Marrakech […]