Category: North Africa

IFC, a member of the World Bank Group, and Proparco, a subsidiary of Agence Française de Développement (AFD) devoted to private sector financing, are investing €100 million and €35 million, respectively, in the first green bond issuance by Banque Centrale Populaire (BCP), to promote sustainable, environment friendly projects in the country. This is the first…

Egypt received about $1bn in foreign inflows since the central bank raised interest rates by 200 basis points to curb inflation. The country had $448m in “foreign investment inflows” on Thursday and $400m on Sunday, state-run news agency MENA reported, citing Central Bank Governor Tarek Amer. He didn’t specify the form for the investments, but…

Minister of Commerce Hatim Al-Sir has discussed with the Egyptian Ambassador in Khartoum Osama Shaltout ways to overcome the obstacles facing the trade operations. The Minister of Commerce, during his meeting with the Egyptian ambassador to Sudan Wednesday, stressed keenness of the government of Sudan to develop relations with the Egyptian government and expand trade…

Tunisia is emerging as the next eHealth hub and may just give Kenya and South Africa a run for its mone It’s the age of the startup and the business savvy are identifying local solutions to global problems. The next big thing may be lurking in a small Kenyan back office or a Tunisian coffee…

For the first time, troops in Tunisia are to be deployed to protect key industrial sites against protests, sit-ins and strikes. Poverty, unemployment and corruption are ongoing issues in the North African state. Announcing the deployment, President Beji Caid Essebsi said the troops would protect industrial sites being disrupted by general strikes and protests over…

Rwanda Football Federation (Ferwafa) has signed a new agreement with the Federation Royal Marocaine de Football (FRMF) aimed at improving football infrastructure in the country. In a statement released on Saturday, Ferwafa president Vincent Nzamwita confirmed the development on the conclusion of a seven-day visit to Morocco on the invitation of his counterpart, Fouzi Lekjaa.…

Parliament’s Standing Committee on Foreign Affairs, Cooperation and Security yesterday met with a team from Rwanda Revenue Authority and the Ministry of Finance to discuss the Bill concerning the agreement on tax avoidance signed between Rwanda and Morocco. The agreement on the avoidance of double taxation and tax evasion regarding income taxes between the two…