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Rough waters: EAC firms brace for costly imports as freight ships shun Red Sea

East African countries have been hit hard by higher freight costs and longer cargo delivery time, as Yemen’s Houthi rebels step up attacks on ships traveling through the Red Sea to the western end of the Indian Ocean. Ports in Kenya and other East African ports should expect slower business in the immediate future as […]

Morocco’s GDP to grow 2.9% in 2022, planning agency says

Morocco’s economic growth will stand at 2.9% in 2022 after 5.8% expected this year, the planning agency said, noting that next year’s forecast is based on an average cereals yield. This year’s forecast is based on indicators of an improvement in domestic and foreign demand amid positive prospects for the mining, industrial and construction sectors, […]

Gabon, UAE scrap visa requirements for officials

Gabon and the United Arab Emirates (UAE) have removed visa requirements between the two countries for officials. Michaël Moussa-Adamo signed the deal Wednesday with his UAE counterpart, on the sidelines of the visit of the Gabonese leader Ali Bongo Ondimba to the Gulf country. Per deal, officials of both countries will not need a visa […]