finance

EIB evaluates Mauritania rail expansion

The European Investment Bank (EIB) is assessing a €461 million railway project linking Zouérat to Nouadhibou to enhance Mauritania’s

AfDB approves $18 million support for Mauritania

The AfDB has approved financing of over $18 million for Mauritania to launch the "3R-Water" project, a way

Egypt set to lower interest rates – again

Egypt's central bank is expected to lower overnight interest rates by a median of 175 basis points on

Algeria officially joins BRICS-backed New Development Bank

Algeria has officially become a member of the BRICS-affiliated New Development Bank (NDB), according to reports from Chinese media. "

EU agrees to provide additional €4B in loans to Cairo

The European Council and European Parliament have reached a provisional agreement to grant Egypt €4 billion in macro-financial assistance (MFA)

Egypt’s Sylndr raises $15.7m to digitize used-car sector

Egyptian e-commerce startup Sylndr has secured $15.7 million in Series A funding to expand its tech-driven platform, this according

Islamic development bank set to loan Algeria $3 billion over next 3 years

The President of the Islamic Development Bank has announced that Algeria is expected to receive $3 billion in loans over

EU plans €4bn loan package for Egypt

The European Union plans to provide Egypt with €4 billion ($4.5 billion) in loans to help ease its financial

Invisible Infrastructure Underpinning Morocco's World Cup Development Drive

As Morocco gets ready to co-host the 2030 FIFA World Cup, headlines laud the continent's first super-speed train

The cranes are rising, but the real action is happening behind the scenes… in Morocco’s markets.

Libya’s Central Bank discusses salary tax and fuel subsidy

The Central Bank of Libya (CBL) is in discussions with the House of Representatives’ finance committee, over efforts to boost

Siemens Gamesa to build 500 MW wind farm in Egypt’s Gulf of Suez

Siemens Gamesa has signed an agreement to build, finance, and operate a 500-megawatt wind farm in Egypt’s Gulf of