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The World Bank’s Board of Executive Directors yesterday approved a $500 million loan to bolster Egypt’s efforts to ensure that poor and vulnerable households have uninterrupted access to bread, to strengthen Egypt’s resilience to food crises and to support reforms Read more
The International Finance Corporation (IFC), a member of the World Bank Group, announced Wednesday the investment of $5 million a new venture capital fund from Disruptech Ventures to support development in Egypt’s fintech sector and help expand access to financial Read more
The kingdom of Jordan will start exporting electricity to Lebanon, hit by the energy crisis, from next month. Minister of Energy Saleh Al-Kharabsheh made the announcement Tuesday, adding that a funding agreement with the World Bank has been finalized. Both Read more
The World Bank has granted Turkey two loans worth $300 million to support the development of renewable energy by tapping heat sources deep underground as part of the Geothermal Development Project, Daily Sabah reports citing the Washington-based financial institution. The Read more
Google announced Wednesday a five-year, $1 billion investment plan for the African continent, promising faster and more affordable Internet access and financial support for local startups in this market with a young population. Less than a third of Africa’s 1.3 Read more
The Egyptian parliament has approved the World Bank’s $400-million credit line to support the Arab Republic’s comprehensive social health insurance system expected to provide a higher quality of medical services, reports say. The Health Affairs Committee of the House of Read more
The kingdom of Morocco has emerged as one of the leading international investors in Africa with foreign direct investment (FDI) valued at about $4 billion according a report by the Moroccan Agency for Development of Investment and export (AMDIE) and Read more
This is a new milestone in U.S.-Ethiopia relations. Washington has decided to impose sanctions against Ethiopian and Eritrean officials. First there will be visa restrictions, followed by heavy financial sanctions, including in the areas of security and economic assistance. The Read more
Qatar sent Wednesday aid support valued at around USD 711,747 for 15,000 needy families in three Tunisian governorates, for the month of Ramadan, Webdo Tunis reports. The aid, the media notes, will be distributed respectively to 4,000 families in Tozeur, Read more
Egypt has signed up for $200-million loan from the World Bank earmarked for the implementation of an air pollution project. The financing, according to Environment Minister Yasmine Fawad, will support the ministry with accurate air quality monitoring devices to complement Read more