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Saudi Arabia’s spending strains banks’ balance sheets

Location:

SAUDI ARABIA

Previously in April, Saudi banks put together a SAR10bn (USD2.7bn) revolving credit facility for NEOM, the largest of a cluster of ‘giga-projects’ backed by the PIF. This…

Morocco’s investment focus may shift

Location:

MOROCCO

In July, a revised finance law was issued for 2020, as the impacts of policy responses to the pandemic rendered the original budget assumptions obsolete.

Mobile money services will expand in East Africa

Location:

EAST AFRICA

The carrier's performance was driven in part by a 34% increase in revenue from M-Pesa, its mobile money service. Among regions, sub-Saharan Africa (SSA) has the most active mobile…