ECOWAS, AfDB Sign MoU to Support Pharmaceutical Industry
The Economic Community of West African States (ECOWAS) Commission has signed a memorandum of understanding with the African Development Bank (AfDB) on a project to […]
Finance
ECOWAS launches North Backbone electricity project
The Regional Electricity Interconnection Project called “North Backbone Project” which involves Nigeria, Niger, Burkina Faso, Benin and Togo was launched this week in Gorou Banda, […]
Morocco to adopt emergency measures to cope with the impact of drought
King Mohammed VI has ordered the Government to adopt a set of emergency measures to cope with the impact of the drought affecting farmers, the […]
Cooperation: Denmark suspends aid to Burkina Faso and Mali
Denmark announces that it will partially suspend its development aid to Burkina Faso due to the military coup and to Mali after the forced departure […]
Burundi says U.S. agrees $400 mln aid
The United States approved $400 million in aid to Burundi on Friday, Burundi’s foreign minister announced, less than three months after the lifting of U.S. […]
Angola recovers $11 billion embezzled from Public Treasury
Angola which had launched 715 prosecutions for corruption, fraud, embezzlement and other financial crimes has recovered assets worth more than $11 billion that were looted […]
IMF: Morocco’s economy is rebounding thanks to successful vaccination rollout against Coronavirus
Thanks to a successful vaccination campaign, Covid-19 cases have declined sharply in 2021, and the Moroccan economy is rebounding, says the International Monetary Fund in […]
AfDB provides $14Mln grant to boost food security in South Sudan
The African Development Bank (AfDB) announced Monday a $14 million grant to South Sudan destined to boost food security, value addition and trade. “The five-year […]
Algeria: World Bank Stands Its Ground, Rejects Media Smear Campaign
The World Bank has responded to the hostile Algerian media campaign launched against the international financial institution following the release of a report which shed […]
IsDB grants $371mln for road projects in Africa
As a strategic partner of several countries on the continent, the IsDB provides significant financing for infrastructure projects in Africa. For its 2021 closing, the […]