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FINANCE & ECONOMY

November 13, 2019

AfDB, Credit Suisse and Ghana Cocoa Board ink $600 million loan agreement to boost cocoa production

The African Development Bank, Credit Suisse AG, the Industrial and Commercial Bank of China Limited and Ghana Cocoa Board (COCOBOD) have signed a $600 million syndicated receivables-backed term loan to boost cocoa productivity in Ghana - the world’s second-largest cocoa producer.

"...

November 13, 2019

75% of Moroccan Adults Have a Net Worth Under MAD 90,000

Rabat – About 75% of Moroccan adults have a net worth of less than $10,000 (around MAD 90,000), counting both financial and material assets. The statistics appeared on the 2019 Global Wealth Report, published by Credit Suisse Research Institute on October 21.

The"...

November 13, 2019

IT Security: Morocco's Data Protect and Libya's Trans-Sahara IT Ink Partnership Draft Agreement

Rabat - Morocco's Data Protect and Libyan company Trans-Sahara IT & Communication signed, on Tuesday in Rabat, a partnership draft agreement in the field of IT security, on the sidelines of the first Libyan International Forum on Economy and Investment in Morocco.

This"...

November 13, 2019

Middle East Stevie Awards attends International SME fair in UAE

Middle East Stevie Awards, the new awards program by Stevie Awards, one of the most prestigious business awards of the world, has initiated its efforts to provide help and support to the nominations for 2020. The award program aiming to reach a lot of companies, whether large or small, will first attend Ras Al Khaimah (RAK) International SME Fair to be organized in the United Arab Emirates between November 14-16, 2019. Attending the fair with RAK Chamber of Commerce, sponsoring Middle East Stevie Awards, the program will provide detailed information about the nominations to more than 200 SMEs participating from more than 25 countries around......

November 12, 2019

NEITI: Why Oil Theft in Nigeria May Not End Soon

The Nigeria Extractive Industries Transparency Initiative (NEITI) has given possible reasons why widespread theft of Nigeria’s crude oil and refined petroleum products may not end soon.

NEITI, which recently"...

November 12, 2019

On national debt, Tanzania cuts its cloth as per its size, keeping levels sustainable

Tanzania's public debt rose to $22.5 billion as at August this year, from $21.2 billion last year, with the increase attributed to new loans secured to undertake public projects.

Finance and Planning Minister"...

November 12, 2019

Project Managers Warn against Quacks

Project management experts in the country have stressed the need to embrace collaborative efforts to reduce trends of quacks in the profession.

This, they agreed would lead to better engagement with people and"...

November 12, 2019

Private equity firm TLG Capital invests in Branch Nigeria to improve financial inclusion

Ecofin Agency) - Branch Nigeria, a fintech company that grants loans between 1,000 Naira and 200,000 Naira repayable over a period of 4 weeks to 15 months, will receive an equity investment from TLG Capital, a London-based private equity firm. The operation will be carried out via a Credit"...

November 12, 2019

Belgian Economist : Southern Provinces Development to Reinforce Morocco's Economic and Social Stability

The development of the Kingdom's southern provinces will strengthen the economic and social stability of the country, said Belgian economist Bruno Bernard.

In reaction to HM King Mohammed VI's speech, on the 44th anniversary of the Green March, this expert accredited"...

November 11, 2019

Beverage Company Unveils 60cl Size into Nigerian Market

A year after its entry into the Nigerian market, RC Cola has introduced a 60cl size to excite its consumers.

During the launch which was held in Agbara, Ogun State, the Commercial Director, Firstbev Limited, makers"...

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