Misjudged risk assessments and persistent financial bias are costing African countries a staggering $75 billion annually in inflated borrowing costs and lost revenues, according to the Africa Finance Corporation (AFC). AFC President Samaila Zubairu described the misperception as a “prejudice premium,” arguing that Africa’s default rates are “really, really exaggerated.” Research by Moody’s Ratings supports […]
Côte d’Ivoire’s national carrier, Air Côte d’Ivoire has placed order for two Airbus A330neo as the airline embarks on long haul flights, outside the continent. “The delivery of these two aircraft is scheduled for the 4th quarter of 2024 for the first and the 2nd quarter of 2025 for the second and will allow the […]
The combined Moroccan-American exercise “African Lion 2024” wrapped up on Friday at Cap Draa (north of Tan-Tan), with air and ground military maneuvers involving units from the Moroccan and US armed forces. During the maneuvers, which took place in the presence of Inspector General of the Royal Armed Forces and Commander of the South Zone, […]
