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Africa’s food imports projected to increase sevenfold to $110bn by 2025 — Afreximbank

Many African countries still depend solely on food importation to survive regardless of their large land areas, says a new report by the African Export-Import Bank (Afreximbank) that also reveals that all countries on the continent together spend an average of $50 billion annually importing foods. “The nations of Africa together import approximately $50 billion […]

Egypt rejects reports about seeking $15b loan from IMF

Egypt’s Finance Minister Mohamed Maait has denied reports that the Arab Republic is seeking a $15 billion-loan from the International Monetary Fund (IMF) to shore up its finances. Goldman Sachs Group Inc. in a July report indicated that Egypt may need to secure $15 billion from the IMF to meet its funding requirements over the […]

Morocco’s King reiterates attachment to Maghreb Union, Openness to Africa

King Mohammed VI reaffirmed Morocco’s commitment to sound and solid relations with sister Maghreb nations as well as Africa’s place “at heart of Morocco’s foreign policy“. Maghreb “My keenness to achieve fair, balanced development in all the Kingdom’s regions is just as strong as my commitment to establishing sound, solid relations with sister Maghreb countries,“ […]