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Africa fueled with optimism with prospect of US interest rate cut in 2024

Emerging and frontier markets in Africa now have a reason for cautious optimism in 2024 following a recent announcement by The Federal Reserve (Fed) signaling possible cuts of up to 75 basis points in the coming year. New forecasts from central bank officials showed a turn from the hawkish rate environment Fed Chairman Jerome Powell […]

french Voltalia to Build 2 Hydropower Plants in Morocco

Morocco’s Energy Ministry delivered permits to Voltalia to build two hydropower plants of respectively 9.8 MW and 7.2 MW in the Middle-Atlas region. “These permits follow positive technical approvals delivered by the National Bureau for Electricity and Drinking Water regarding the connection of the plants to the national grid,” said the French company in a […]

DRC: clashes between M23 rebels, govt forces intensify in country’s east

Conflict between one of eastern Congo’s most active rebel groups and the government armed forces is intensifying in the country’s Masisi territory, which has prompted residents of the region’s largest city of Goma to flee the area. As fighters from the infamous M23 rebel group are attacking a community considered the last line of defense […]