G7 Countries, Partners to invest $80B in Africa’s Private Sector
G7 countries and partners vowed to invest $80 billion in the private sector across Africa, an official statement said on Monday. In the statement, UK […]
Finance
Saudi Arabia to support Africa’s post pandemic recovery with $1bn
Saudi Crown Prince Mohamed bin Salman (MbS) Tuesday pledged $1 billion in form of investment and loans as part of the kingdom’s contribution to Africa’s […]
Tunisia eyes $4bn credit facility from IMF to salvage cash-strapped economy
Tunisia is aiming to get a $4-billion loan from the International Monetary Fund (IMF) to save its hard-hit economy, Prime Minister Hichem Mechichi has said […]
Moroccan CFCA, South African Wesgro sign MoU
Casablanca Finance City Authority (CFCA) and the South African Agency Wesgro have signed a memorandum of understanding to promote investment opportunities in Morocco and South […]
OCP Africa, IsDB join forces to boost rice farming in Côte d’Ivoire
Moroccan OCP Africa and the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB), signed a partnership agreement to boost […]
Morocco’s Bank of Africa Named ‘Best Bank in Africa 2020’
The Bank of Africa Group (BOA) was named “Best Bank in Africa 2020” by obtaining the prestigious “Golden Award” trophy presented at the Africa Investments […]
Morocco: Central Bank Expects Growth to Reach 5.3 pc in 2021 & 3.2 pc in 2022
Morocco economic growth is expected to reach 5.3 pc in 2021 before stabilizing at 3.2 pc in 2020, according to the country’s central bank forecasts. […]
Moroccan Government passes cannabis legalization bill
The government council has kicked off the legislative process for the legalization of cannabis after it approved a bill in that regards which shall be […]
IMF grants 58 million USD to Mali
The International Monetary Fund decided to immediately disburse nearly $58 million, or 31 billion CFA francs, to Mali. This decision is part of the long-standing […]
Central Bank announced devaluation of sudanese pound
It is a brutal but expected devaluation of the pound that the Sudanese Central Bank announced on Sunday, February 21, announcing a unification of exchange […]