Abraaj Capital Group Invests $ 125 Mln in Morocco’s Saham Finances Holding

International Abraaj Capital Group, a leading private equity manager investing in emerging markets, has injected $ 125 million in Saham Finances Holding, leader in the insurance sector in Morocco and Francophone West Africa. The investment will support Saham Finances’ ambitious Read more

Palestine Gets $50 Mln WB Grant to Support Reforms & Services

The World Bank has approved a $40 million grant to support reforms made by the Palestinian Authority (PA) that will help improve services delivered to Palestinians in the occupied territories. The Palestinians have already received from the WB three similar Read more

Algeria mulls increasing IPOs in its stock exchange

Algerian financial authorities and decision-makers are pondering increase of the number of initial public offerings (IPOs) on stock exchange. According to Oxford business Group, such a move, which aims at boosting equity capital market, would likely boost economic growth in Read more

Lebanon Gets IFC Support to Boost Trade & Economic Growth

Lebanese Bank “Credit Libanais Group” and the International Finance Corporation (IFC) have signed a trade finance agreement that will help Lebanon’s private sector access global import and export markets, boosting trade and economic growth. Credit Libanais is the fifth bank Read more

Morocco hosts International Forum on Africa economic integration

More than 200 eminent personalities, businessmen, decision-makers, diplomats and intellectuals will gather Jan.25 in Morocco’s capital (Rabat) to look into ways of building up and promoting Africa’s economic integration to enable the continent speed up development process. Dubbed “Rabat Forum“, Read more