Category: Business

Angola recovered $6 billion in cash, seized another $21 billion in assets

April 19, 2023

Angola recovered six billion dollars and seized another 21,000 as part of the confiscation of assets, half of which were abroad, the deputy attorney general ... Read More

Nigeria: Harvest devastated by severe flooding, millions in desperate need of food

April 19, 2023

Heavy rains destroyed 700,000ha of farmland in northern Nigeria, wiping out the main source of income for thousands of households and worsening the food security ... Read More

African air travel demand sees strong growth, on track to reach pre-covid levels

April 19, 2023

African air travel has made a robust recovery, with the traffic in March having reached 94.8% of pre-pandemic levels of 2019, as more international routes ... Read More

Tanzania inks $667mil. deals with three Australian miners for rare earth, graphite projects

April 19, 2023

Tanzania has inked deals worth $667 million with three Australian companies to mine rare earth minerals and graphite, part of President Samia Suluhu Hassan's drive ... Read More

Sub-Saharan Africa hit hard by funding squeeze, IMF warns

April 18, 2023

Sub-Saharan Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, has driven up borrowing costs, weakened regional ... Read More

Two UK companies to build mega-algae production plant in Morocco

April 17, 2023

Brilliant Planet, an emerging leader in nature-based carbon dioxide removal (CDR) and Mott MacDonald, the global engineering, development & management consultancy, will build in Morocco ... Read More

Morocco becomes representative of Arab Maghreb Union at African Union, another blow to Algeria

April 17, 2023

Morocco has gained an important post within the African Union, dealing a hard blow to the Algerian regime which has lost regional and international lust, ... Read More

African Lion 2023, final planning meeting held in Agadir

April 17, 2023

The final planning meeting of the exercise "African Lion 2023" was held at the level of the South Zone Staff in Agadir from this April ... Read More

Morocco’s spending on subsidies more than halved in first quarter this year

April 17, 2023

Spending as part of the compensation fund subsidizing the prices of fuel, wheat, sugar, and butane gas more than halved to 4.5 billion dirhams in ... Read More

Abidjan to host NewSpace Africa Conference April 25-28

April 17, 2023

The Ivorian capital Abidjan will host April 25-28 the NewSpace Africa Conference aiming at providing an avenue to build and maintain new relationship with stakeholders ... Read More