Morocco
CIA updates map to recognize Western Sahara as part of Morocco
The U.S. Central Intelligence Agency has updated its map to show Western Sahara as part of Morocco, aligning with
finance
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Morocco
Morocco secures $250M World Bank funding for waste management
The World Bank approved a $250 million program to enhance Morocco’s municipal waste management, aiming to boost environmental sustainability
Morocco
Morocco is preparing to legalize cryptocurrencies
Morocco is taking steps to legalize cryptocurrencies, with a new law currently in the adoption process, according to Reuters. Digital
Egypt
Egyptian currency plunges to 8-month low ahead of IMF review conclusion
The Egyptian pound has fallen to its lowest level in eight months, driven by surging demand for the local currency
Libya
Libya changes tax on dollar purchase from 20% to 15%
Libya’s Speaker of the House of Representatives (HoR), Aqila Saleh, has cut the tax imposed on the banks'
Egypt
Egypt’s Minister of Environment to co-lead climate finance talks at COP29 in Baku
Egypt’s Minister of Environment, Yasmine Fouad, is heading to Baku, Azerbaijan, to participate in the ministerial segment of the
Algeria
Algeria, Angola and Côte d’Ivoire added to the Financial Action Task Force’s “grey list”
According to African Business Magazine, Algeria, Angola and Côte d’Ivoire have all been added to the Financial Action Task
Egypt
Egypt and Turkey hold talks on Ethiopia and Libya in sign of growing ties
Officials from the foreign ministries of Egypt and Turkey convened this week to discuss Somalia, Libya, and broader cooperation in
Egypt
Egypt’s net international reserves hit $46.941bn in October
The Central Bank of Egypt (CBE) has reported an increase in net international reserves, up to $46.941bn in October
Morocco
IFC, MIGA and international banks to help fund Tanger Med Port expansion
The World Bank’s IFC (International Finance Corporation) and MIGA (Multilateral Investment Guarantee Agency), along with international banks, have partnered
Libya
Libya signs raft of cooperation deals with Italy
Libya and Italy signed multiple cooperation agreements this week, targeting development, investments, and infrastructure in a sign of strengthening ties
Egypt
Egypt’s Finance Minister pushes for innovative financing measures to help alleviate Africa’s debt burden
On the sidelines of the annual meetings of the International Monetary Fund and the World Bank in Washington, Egypt’s
Morocco
World Bank projects Morocco's economy will grow 2.8% by the end of 2024
At the Annual World Bank meetings in Washington D.C. this week, the International Monetary Fund’s (IMF) “World Economic