Floods in Mozambique Cyclone Kenneth

Seoul planning FTA with Morocco to diversify its trading partners

South Korea is planning to sign Free Trade Agreements (FTAs) with seven emerging countries, including Morocco, to boost growth momentum and diversify its trade portfolio. The announcement was made Friday by the South Korean Ministry of Trade, Industry and Energy, which affirmed that Seoul is planning to ink FTAs with Morocco, Kenya, Tanzania, Thailand, Pakistan, […]

Nigeria’s Naira, Kenyan Shilling worst hit of Africa’s devaluing currencies in 2023 with no hope in sight

African countries have faced a myriad of challenges in 2023, not the least of which was currency devaluation, with Nigeria’s Naira and Kenyan Shilling experiencing their largest drop in value against the greenback in 24 and 30 years respectively. While Nigeria and Kenya recorded significant growth across numerous industries, there were still instances of socio-economic […]

Morocco’s automotive sector prepares for shift to electric vehicles

Morocco’s growing automotive sector is preparing the ground for the shift to electric vehicles as the country ambitions to set up a battery factory and further bolster the competitiveness of local part makers. In a push to achieve zero emission quest by 2050, the EU imposed a ban on petrol and diesel cars from 2035. […]