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Morocco: World Bank Launches U.S.$200M Program to Increase Investment Capacity in Morocco’s Casablanca


The World Bank launched on Monday a project worth 200 million U.S. dollars to improve the investment capacity of Morocco’s largest city of Casablanca. The launching ceremony of the program, known as “Casablanca Municipal Support Program,” was chaired by Marie Francoise Marie-Nelly, World Bank’s country director for the Maghreb and Malta, Middle East and North Africa. The loan will help ...

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Tunisia: Young Entrepreneurs Will Be Able to Open Foreign Currency Bank Accounts – (Minister)


The startup bill will allow young entrepreneurs to open foreign currency bank accounts in order to facilitate equipment acquisition, creation of subsidiaries abroad and access to foreign markets as well as avoid administrative procedures, Minister of Communication Technologies and Digital Economy Anouar Maarouf said on Monday. Speaking at a study day on the startups promotion bill organised by The House ...

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Tunisia: Export Revenues of Organic Dates Increase By 35.52%


Export revenues of organic dates for this season increased by 35.52%, compared with the previous season. This increase also comes from a 21.01% increase in the quantities exported, according to data from the Ministry of Agriculture, Water Resources and Fisheries. The quantities of organic dates exported, since the beginning of the season (October 10, 2017) to March 2, 2018, reached ...

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South Africa’s private-sector activity rises to 14-month high: PMI


South African private-sector economic activity expanded for the first time in seven months in February as political uncertainty eased, prompting increased business activity and higher domestic demand. The Standard Bank Purchasing Managers’ Index (PMI), compiled by Markit, rose to 51.4 in February from 49.0 in January, crossing the 50 mark that separates expansion from contraction for the first time since ...

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Kenya February private-sector activity strongest in nearly two years


Kenya’s private-sector activity expanded at a rapid pace last month as output rose and orders increased, a survey showed on Monday, news that will cheer investors after months of election-related contraction last year. The Markit and CFC Stanbic Kenya Purchasing Managers’ Index (PMI) for manufacturing and services rose to 54.7, its highest since April 2016, from 52.9 in January. Anything ...

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Uganda’s private-sector activity hurt by fewer export orders – survey


Uganda’s private-sector economic activity decelerated in February, slowed by weak exports, delays in customer payments and rising input prices, a survey showed on Monday. The Markit Stanbic Bank Uganda Purchasing Managers’ Index (PMI) declined to 51.1, down from 52.0 last month. A reading above 50 indicates expansion; anything below, a contraction. “February saw a contraction in the volume of new ...

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Kenya: Vihiga adopts GIS technology in design of county projects


County governments in Kenya are still grappling with implementation of devolved governance since inception in 2013. One of the challenges is how to automate services to improve efficiency as well as seal loopholes through which billions of shillings are lost to corruption. Again most county managers consider acquisition of fancy devices such as iPads and other mobile devices as a ...

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Kenya: State lenders face probe ahead of merger to mega bank


Parliament wants six State agencies earmarked for a merger probed before they are collapsed into one mega bank. The newly established Special Funds Accounts Committee said it will start investigations into the accounts of the funds to ensure that no public money is lost. “These are different funds that are being managed by various accounting officers. We need to know ...

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Kenya: Train breakdowns haunt Kenya Railways after RVR handover


The breakdowns that frequently bogged down the Rift Valley Railways (RVR) have returned to haunt the State operator five months after it took back its assets from the Egyptian firm. On Tuesday, hundreds of commuters to Embakasi arrived home late after their train stalled. The train broke down for about two hours at Tumaini estate on Outer Ring Road at ...

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Bank Of Baroda to exit South Africa central bank


South Africa’s Reserve Bank said on Monday, the Bank of Baroda has notified the office of the registrar of banks of its intention to exit from South Africa. “The Registrar, which is part of the South African Reserve Bank (SARB), is in discussions with the Bank of Baroda to ensure its orderly withdrawal from South Africa so that no depositor ...

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