The African currency rollercoaster ride: struggling against super-strong US dollar

As the global economy sinks into another period of crisis, African currencies are depreciating against the US dollar and rising import costs are adding to inflationary pressures. With around half of all international trade invoiced in dollars, a stronger greenback hurts consumers across the world — including in Africa — that use dollars to pay […]

COMESA-EAC-SADC merger to allow 14 countries’ seamless trading within Tripartite FTA

At least 14 countries will trade freely within East, Central, and Southern Africa from this Thursday, July 25, with the coming into force of a Tripartite Free Trade Area (TFTA) Agreement, which flattens the East African Community (EAC), the Southern African Development Community (SADC) and Common Market for Eastern and Southern Africa (COMESA) into a […]

Morocco’s Aeronautics Industry Attracts New € 45 million FDIs

Morocco’s aeronautics industry sector which has constantly progressed since it was launched in the late nineties of the last century has attracted this week a € 45 million new investment. The investment will be injected by Aerolia, an Airbus Group subsidiary, and Alcoa, a global leader in lightweight metals technology, which has reoriented its activity […]