Algeria – Iran flags

Morocco set to reduce its industrial trade deficit

Morocco has launched an ambitious plan to cut its trade deficit by $3.7 billion by offering incentives to local investors to produce imported goods locally, Morocco’s trade minister said. So far 731 industrial projects were eligible for state subsidies, of which 90% will be funded by a Moroccan capital, minister Riad Mezzour told MPs. Most […]

President Joe Biden to host second summit with U.S. and African leaders

U.S. President Joe Biden plans to host a summit with African leaders to strengthen U.S. ties with the continent, U.S. Secretary of State Antony Blinken announced. “President Biden intends to host a summit with U.S. and African leaders to pursue a high-level diplomatic policy … that will transform relations and make effective cooperation possible,” the […]

Kenya’s China dilemma: between foreign investment and dependency

While Kenya’s government is targeting Chinese investors to establish manufacturing plants in its special economic zones to boost exports, thousands of local traders have protested in the capital Nairobi against the ‘unfair” competition from Chinese traders. The government is offering Chinese investors a value proposition that the East African country is the premier investment destination […]