American International Group (AIG), one of the largest underwriter of commercial and industrial insurance in the US, has received approval for the establishment of a servicing office in Morocco
Finance
Hospitality sector in East Africa sees a boom with tourism expansion and oil discoveries
South African hotel chain Protea Hotels has announced plans to develop five new properties in East Africa to tap into the expanding tourism and oil sectors
AfDB signs US$100mn deal to support private sector growth in Africa
Japan has entered into a US$100mn loan agreement with the African Development Bank (AfDB) to support the growth of Africas economy
Qatar to provide Morocco US$1.25 billion financial aid
The government of Qatar has signed an agreement with Morocco to provide the north African kingdom a US$1.25bn aid, as a part of its five-year financial assistance package
AfDB commissions US$25 million fund for infrastructure projects across Africa
The African Development Bank (AfDB) has commissioned a US$25mn Pan-African Infrastructure Development Fund (PAIDF 2), which will invest in power, transport, water and sanitation, information and communication technologies (ICT) and healthcare infrastructure projects across the continent