Morocco’s private investment fund Al Mada said it has set up an international food industry subsidiary focusing on Africa, dubbed Teralys. As part of its goal to promote food industry in Africa in a way that is conducive to regional integration, Teralys signed an agreement to acquire a majority stake in Senegal’s Patisen, Al Mada […]
The European Union and its Member State diplomatic missions in Libya expressed on June 11 support for the conclusions of the UN-facilitated Structured Dialogue process, describing the outcome as the product of a “Libyan-led and Libyan-owned” initiative. The EU urged all Libyan stakeholders to engage constructively with the recommendations, stressing that their implementation is essential […]
Nigerian economy has recovered—slowly after it suffered a recession in 2016. New data from Bloomberg shows that Nigeria is now Africa’s largest economy, pushing South Africa into second place. According to Bloomberg, Nigeria’s economic growth beat forecasts in the fourth quarter, helping its economy to expand the most in four years in 2019 as […]
