fishing trawler

India ups lending to Africa in bid to counter China’s dominance

Africa has become the second-largest recipient of credit from India while over the past decade 18 of the 25 new Indian embassies or consulates were opened in the continent, as the South Asian powerhouse tries to catch up with China’s massive sway in the resource-rich continent. Many African nations received about $12 billion or 38% […]

African food security, Morocco matches words with action

Morocco has offered 2000 tons of fertilizers in aid to Gabonese farmers in a series of similar moves that Rabat promised to take to alleviate the fertilizers crisis on the continent. The donation was made to Gabonese farmers as part of directives of King Mohammed VI who held talks on February 15 with Gabon’s president […]

Mali starts building Russia-backed gold refinery

Mali has started building a new gold refinery with Russian and Swiss partners, which officials say will help the country gain greater control over its gold exports, Reuters reported. The 200-ton-capacity facility is being developed in partnership with Russia’s Yadran Group and a Swiss investment firm, with the Malian state holding a controlling stake. At […]