corona stay at home

Africa climate summit concludes with ‘Nairobi declaration’ seeking global tax on fossil fuels

A landmark African Climate Summit (ACS) ended on Wednesday (6 September) after the political and business leaders adopted the Nairobi Declaration that seeks to address climate challenges in the continent and that represents a united front for Africa before negotiations for more funding at COP28. The ACS was dominated by discussions of how to mobilize […]

China’s Presence in North Africa: A Win-Win Relationship?

In 2010, Chinese foreign direct investment (FDI) accounted for approximately 68 billion USD, as compared to 2001, when China invested only 911 million USD overseas. The rapid increase in FDI between 2001 and 2010 was also facilitated by China’s ‘going global policy’ of 2002 that promoted competition for the share in global markets and natural […]

Morocco’s trade deficit narrows on lower energy imports

Morocco’s trade deficit shrank 6.5% as the country’s energy imports dropped 20%, Morocco’s foreign exchange office said. Energy imports stood at 69 billion dirhams, offsetting a drop in phosphates and fertilizers exports by 40% to 40.8 billion dirhams, due to lower prices. State-owned phosphates and fertilizers producer said a few days ago its sales were […]