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CFC & Rwanda Finance Ltd agree to enhance cooperation ties

Casablanca Finance City (CFC) and Rwanda Finance Limited (RFL) have agreed to promote investment and cooperation between Morocco and Rwanda in financial services.

The agreement, signed on Wednesday via videoconference, seeks to promoting best practices, through which CFC will support the development of the International Financial Center of Kigali (KIFC).

Saïd Ibrahimi, CEO of CFC, said: “We are very pleased to sign this partnership between CFC and RFL. This agreement allows us to expand our network of partnerships and to share our expertise with other African financial centers in a logic of South-South cooperation”.

This partnership comes after the agreement sealed with the Rwanda Development Board (RDB), which aims to facilitate the business of CFC companies operating in Rwanda, added Mr. Ibrahimi.

For his part, Nick Barigye, CEO of Rwanda Finance Limited said: “By capitalizing on the close relations between our two countries, this agreement emphasizes the improvement of the

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EU finance ministers agree on coronavirus rescue deal

DEAL REACHED. French Economy Minister Bruno Le Maire (L) applauds past French Treasury Managing Director Odile Renaud-Basso (R) as they attend a European Union finance ministers meeting by videoconference in Paris on April 9, 2020. Photo by Ludovic Marin/AFP

DEAL REACHED. French Economy Minister Bruno Le Maire (L) applauds past French Treasury Managing Director Odile Renaud-Basso (R) as they attend a European Union finance ministers meeting by videoconference in Paris on April 9, 2020. Photo by Ludovic Marin/AFP

BRUSSELS, Belgium – European Union (EU) finance ministers agreed a 500-billion-euro rescue on Thursday, April 9, for European countries hit hard by the coronavirus epidemic, but put aside demands from Italy and France for pooled borrowing.

The breakthrough came after the Netherlands softened its position on the crucial question of making needy countries commit to economic reform and outside oversight in return for assistance.

The Hague had blocked the talks two days earlier by insisting that Italy, or any other country in need, deliver on governance targets – which Rome saw as a shocking demand during a health crisis.

“Today we answered our citizens’ call for a Europe that protects,” Eurogroup

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