COVID-19 recoveries

COVID-19: Containment costs Africa $65.7 billion a month

The containment imposed to limit the spread of COVID-19 costs Africa 2.5% of its GDP, equivalent to $65.7 billion per month, the Economic Commission for Africa (ECA) revealed in a report. Private companies approached by the authors of the report say they are working at only 43% of their potential. These estimates do not take […]

Morocco-Saudi Arabia maritime line to start operations in coming weeks

A maritime line connecting Morocco and Saudi Arabia will be launched in the coming weeks to give a new impetus to economic and trade cooperation between the two countries, announced Khalid Benjelloun, chairman of the Moroccan-Saudi Business Council. The Federation of Saudi Chambers has signed an agreement with a shipping company to establish a direct […]

M23 rebels defy Qatar ceasefire, capture strategic mining town in Eastern DRC

The M23 rebel group in eastern Democratic Republic of Congo (DRC) has continued its offensive, defying a ceasefire agreement signed by DRC President Félix Tshisekedi and Rwandan President Paul Kagame. Despite international calls for an immediate halt to hostilities, M23 forces captured the strategic town of Walikale on Wednesday (19 March), a key area rich […]