Day: April 6, 2018

ICD signs commitment letter and memoranda of understanding with Tunisian companies

BGMN

The Islamic Corporation for the Development of the Private sector (ICD) signed a commitment letter with Caisse des Dépôts et Consignations (CDC), Tunisia, as well as seven memoranda of understanding, namely with CDC, Wifak Bank, Zitouna Tamkeen, Intilaq Fund, BFPME and UGFS. The signing ceremony was held at the Four Seasons Hotel in Tunisia during the 43rd Annual Meeting of the Islamic Development Bank Group. It is a clear sign that business in Tunisia is at the heart of ICD’s strategy to help the Tunisian private sector in the most…

Moving beyond aid: G20 Compact with Africa

BGMN

The G20 Compact with Africa appears to be gaining strength as the African countries that signed the deal meet to discuss new strategies. A two-day conference held in Accra was organized by the Africa Center for Economic Transformation, with support from Ghana’s Ministry of Finance and the International Monetary Fund (IMF). It focused on moving beyond aid and revenue mobilization. The meeting attracted representatives from countries which have signed the G20 Compact with Africa, including Benin, Ethiopia, Guinea, Morocco, Togo, Tunisia, Cote d’Ivoire, Egypt, Rwanda and Senegal, as well as the host nation, Ghana. This is…

Energy: Med-Tso project redraws Mediterranean electricity

BGMN

Eighteen countries joined together to create a safe and sustainable Mediterranean electricity network towards a single energy market. The Mediterranean project, managed by 20 partners of 18 EU and non-EU countries, and led by Med-Tso, the association of electricity managers in the Mediterranean area, was launched in 2015 and throughout the last three years achieved its first results. The economic value of the operation and many other details will be presented on Tuesday, 10th April, at the European Parliament in Brussels. The project has been realized thanks to a loan…

EU tracking 65,000 migrant smugglers: Europol

BGMN

European law enforcement officials say they are tracking at least 65,000 migrant smugglers, twice as many as at the height of the migration crisis three years ago, as the illegal trade booms. Despite a drop in the number of migrants successfully crossing the Mediterranean since Europe’s biggest migration crisis since World War II erupted in 2015, the EU’s police agency Europol said demand for smugglers was still “huge”. Many new suspects have also been identified, Europol added, as investigators in European countries track one of the fastest growing forms of…