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SMEs

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Moroccan banks lower interest rates for SMEs

January 29, 2020 Khalid Al Mouahidi 0

In implementation of King Mohammed VI’s instructions to make the banking system conducive to development, a program was unveiled by the central bank, the Ministry […]

AfDB okays $8 million loans to Kenyan SMEs

July 22, 2019 Khalid Al Mouahidi 0

In Kenya, local financial institution, Credit Bank, has received about $8 million from the African development bank (AfDB) to support lending to small and medium-sized […]

IFC gives BOA $60M to support SMEs in 8 African countries

June 7, 2018 Khalid Al Mouahidi 0

The International Finance Cooperation, a member of the World Bank Group, announced earlier this week a $60 million investment in a regional risk-sharing facility to […]

French PM Valls Tours Togo, Ghana & Côte d’Ivoire

October 31, 2016 Khalid Al Mouahidi 0

French Prime Minister Manuel Valls over the weekend toured Togo, Ghana and Cote d’Ivoire to reassure countries that “have felt forgotten” by France over the […]

Ecobank Gets $310 mln Loan from AfDB

October 11, 2016 Geraldine Boechat 0

The African Development Bank (AFDB) has approved a $310 million trade finance loan for Ecobank Transnational incorporated, parent company of the Ecobank Group, Africanews reported […]

Nigeria Inks 550MW Power Purchase Agreement

September 13, 2016 Geraldine Boechat 0

The federal government of Nigeria this weekend signed a power purchasing agreement (PPA) with Kingline, a new power generation firm with Nigerian and South Korean […]

Egypt: Sisi Champions Youth Economic Development

February 24, 2016 Khalid Al Mouahidi 0

Egyptian President Wednesday urged his cabinet to support youth entrepreneurial projects as he launched the country’s vision for 2030. At a conference attended by his […]

EBRD Supports Small Businesses & Trade in Egypt

August 3, 2015 Khalid Al Mouahidi 0

The European Bank for Reconstruction & Development (EBRD) has lent $ 140 million to Egypt’s QNB Al Ahli to support small businesses and trade activities […]

Egypt created 136,000 job opportunities with EGP 76.5Bln in past 10 months

June 25, 2015 Khalid Al Mouahidi 0

Egypt’s Minister of Industry and Foreign Trade, Mounir Fakhry Abdel Nour announced on Wednesday that EGP 76.5 billion has been pumped into the industrial sector […]

Algeria: tax exemption to promote agriculture

November 15, 2013 Steven Addamah 0

Algeria is planning to increase the scope of its tax exemptions for certain domains and regions in its 2014 budget. The decision is in line […]

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