North Africa Post
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Asia Business Finance Headlines International Mauritania

UAE to finance Mauritanian sea port upgrade

North Africa Post

The Abu Dhabi Fund for Development, ADFD, is set to finance the upgrading of a fishing port in Mauritania to boost the local industry. The ADFD’s funding, $7.9 million, will be used to renovate the Tanit Fishing Port including the building of an ice factory, the Gulf country’s state-run news agency WAM reported. The project, […]
Africa Features Headlines International

French navy seizes $600M in cocaine as West Africa becomes trafficking hotspot

North Africa Post

The French Navy has intercepted nearly 10 tonnes of cocaine aboard a stateless fishing vessel off the coast of West Africa, marking one of the year’s largest drug busts and highlighting the region’s growing role as a key transshipment route in the global cocaine trade. The 9.6-tonne haul — valued at roughly $600 million — […]
Finance Headlines Morocco

Natural disasters cost Morocco over $575 million every year – World Bank Report

North Africa Post

Morocco is among the countries most exposed to geological and climate-related hazards in the Middle East and North Africa (MENA) region, says the World Bank in a recently-published report, noting that although Morocco does not contribute as much to climate change as more industrialized nations, it has still experienced the effects of the global climate […]