Day: August 29, 2023

Afreximbank and China Development Bank sign US$400-million loan to support Africa SMEs

Mr Mohammed

Cairo, 28 Aug. 2023: – The China Development Bank (CDB) today in Cairo signed a development-focused agreement to provide the African Export-Import Bank (Afreximbank) with a US$400-million term loan facility to support the financing of small and medium-sized enterprises (SMEs) across Africa. The agreement, signed by Mr. Tan Jiong, President of CDB, and Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, at the Afreximbank Headquarters in Cairo, provides for Afreximbank to deploy the facility to support African SMEs involved in extra- and intra-African trade and those…

Hunger Projections in Mauritania, Sahel Region Alarming!!!

Mr Mohammed

DREF Operation Final Report Reveals ,,,,,,,As Climate Change Impact Cited Story: Mohammed A. Abu The International Federation of Red Cross Societies(IRFC) in its sixteen-page Disaster Response Emergency Fund(DREF) Operation-Final Report on Mauritania Food Insecurity, has noted that, the food crisis and hunger projections in the Sahel have become increasingly alarming over the past decade in all Sahelian countries, including Mauritania. According to the projected situation for the next lean season (June-July-August 2023): five (5) wilayas(regions) are projected to be classified in the “Pressure” phase (IPC 2), namely Nouakchott, Nouadhibou, Adrar,…