Wealth Report 2023 confirms that ’Africa is not poor but impoverished’

Not all Africans are poor — this could arguably be the main message from the 2023 edition of the annual Africa Wealth Report by London-based Henley & Partners that reveals that the ‘Big 5’ wealth markets in Africa — South Africa, Egypt, Nigeria, Kenya, and Morocco — together account for a significant 56% of Africa’s […]

Germany mulls plans to send troops to Niger

Germany is considering sending military forces to Niger as part of a European Union (EU) mission officially aimed at supporting the African country in the military field. The 60-soldier force is waiting for final parliament approval in April. The EU member initially planned to send soldiers to Niger back in December 2022 to join the […]

Morocco, Spain to mobilize €11.6 Mln for reconstruction of earthquake-affected areas

Morocco and Spain have agreed to mobilize €11.6 million from the Debt Conversion Program to finance reconstruction and rehabilitation projects in the areas hardest hit by the earthquake that struck Al Haouz province on September 8. The announcement of this amount was made during a meeting between Spain’s First Vice-President and Minister of Economy and […]