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France’s Economic Diplomacy in Africa Faces Structural Decline Amid Rising Competition

France’s economic diplomacy in Africa, historically a cornerstone of Paris’s international influence, confronts profound crisis as market share erodes and competitors gain ground. Fifteen years ago, France still considered itself a major banking and commercial power across the continent, with key sectors from finance to infrastructure making Paris an indispensable partner for Francophone and Anglophone […]

Resilience through tough times: East Africa’s economic recovery hindered by debt and deficits

The economies of East Africa face rather bleak prospects for growth this year because of the increasing risk of debt distress, widening fiscal and current deficits and limited economic diversification plans, according to the latest forecast by the African Development Bank (AfDB). The AfDB forecasts the region’s GDP at 4% this year, before recovering to […]

EU top diplomat hails Morocco’s role in peace, stability in the region as “’Important”

The European Union’s High Representative for Foreign Affairs and Security Policy, Josep Borrell, has hailed the role played by Morocco in peace and stability in the region as “important”. Speaking at a joint press briefing Thursday in Rabat, after talks with Minister of Foreign Affairs, Nasser Bourita, Josep Borell said the talks focused on “old […]