Category: Business

DRC wants bigger slice from proceeds generated by China’s mining companies

April 13, 2023

The Democratic Republic of Congo (DRC) is pushing for an audit of the country’s mining contracts with China, which it says heavily favor Beijing, arguing ... Read More

Burundi-DRC-Tanzania cross-border electrified railway to speed up intra-African trade

April 13, 2023

Burundi and Tanzania have floated a tender for designing and constructing about 282 kilometers of electrified railway, part of East Africa’s wider cross-border electric railway ... Read More

Morocco adds powerful U.S. rocket launchers & missiles to its military firepower

April 12, 2023

The Royal Armed Forces will receive the U.S. rocket launchers (HIMARS) and guided bombs (JSOW) that will enhance further Morocco’s military capabilities to encounter threats ... Read More

US Treasury Secretary to urge for ‘speedy’ action on Ghana, Zambia debt relief within G20 framework

April 12, 2023

US Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Ghana and Zambia for restructuring of their sovereign debts, as ... Read More

Moroccan Fruits and vegetables producers blame high prices on production costs

April 12, 2023

The association of Moroccan fruits and vegetables producers (APEFEL) said the high prices in the Moroccan market were due to higher production costs notably those ... Read More

UK MP commends Moroccan King’s vision for stability & democracy

April 12, 2023

Chairperson of UK-Morocco Parliamentary Friendship Group Heather Wheeler has commended King Mohammed VI's vision for strengthening stability, democracy and building a strong inclusive economy. This ... Read More

Kenya has no money even to pay govt officials but default is ruled out

April 12, 2023

Kenya will not default on its debt repayment obligations, the president’s chief economic adviser has said, as the country’s government failed to pay its employees ... Read More

Morocco to treat IMF credit line as precautionary

April 11, 2023

Morocco will continue to consider the IMF flexible credit line of $5 billion as precautionary and would only draw on it in case of external ... Read More

Beijing is a better ally for Africa than Western countries – Chinese Foreign Ministry

April 11, 2023

The Chinese Foreign Ministry Monday said the Asian giant is a better ally for Africa than Western countries as the continent is increasingly the target ... Read More

UK halts active recruitment of health workers from Nigeria

April 11, 2023

The United Kingdom will halt the recruitment of health workers from Nigeria, placing the country on the red list of countries not to be targeted ... Read More