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Africa continues to open its skies with Single Air Transport Market gaining momentum
The African Union’s (AU) Single African Air Transport Market (SAATM) is making significant strides, with 39 African nations now part of the initiative, promising the make air travel around the continent more affordable. Speaking at the AU Summit, AU commissioner for infrastructure and energy, Amani Abou-Zeid, emphasized that the SAATM is a critical component in […]
Morocco’s BCP Bank posts 10.6% net banking income increase
Morocco’s second biggest lender, BCP, said its net banking income rose 10.6% to 22.8 billion dirhams in 2023. This performance is attributed to the strengthening of the interest margin by 1.9%, an 8% growth in the commission margin, and an increase in the result from market activities by 65.8%, the bank said. The bank’s net […]
UN report warns of conflict-induced famine or acute hunger in several African countries
Sudan, South Sudan, Mali, Palestine and Haiti are rated among the most vulnerable areas globally where hundreds of thousands of people face or near famine, according to the latest six-monthly report by the United Nations’ food agencies. The Hunger Hotspot report, released on Thursday (31 October), warned that conflicts, economic instability, and climate shocks — […]



