Côte d’Ivoire to have its first cocoa processing plant

The foundation stone of the first cocoa processing plant in Côte d’Ivoire was laid Thursday in the port city of San Pedro. The plant is expected to process half of the country’s cocoa production. The plant, funded by regional financial conglomerate Atlantic Bank Group, will cost around €111 million and will stretch over 9 hectares […]

IMF urges African economies to tap into domestic financial markets to reduce reliance on foreign debt

The IMF urged African and other emerging economies to develop domestic financial markets to reduce reliance on volatile external borrowing. In its April 2025 Global Financial Stability Report, the IMF warns that high real interest rates globally have made external financing more expensive and less accessible, especially for frontier markets in Africa. Tunisia was identified […]

US ambassador underscores economic potential of Morocco’s Southern Provinces

US Ambassador to Morocco Duke Buchan III said the Moroccan southern provinces, the Sahara, offer tremendous economic potential, positioning the region as a strategic hub linking Africa, Europe and the Americas and a focal point for growing US investment interest. Speaking at Gitex Africa in Marrakech, Buchan reaffirmed US support for Morocco’s autonomy plan for […]