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Germany Supports Morocco’s Development with €450 Mln Funding

Morocco has secured €450 million funding from German Development Bank (KfW) under three agreements inked Tuesday in Rabat by Minister Delegate in charge of the Budget Fouzi Lekjaa and Director of the German Bank for North Africa Daniela Beckmann. KfW is providing Morocco €100 million to enhance the Kingdom’s resilience to climate change and supporting […]

Countries dependent on commodities hit 20-year high; Sub Saharan Africa hardest-affected region

The number of countries that depend on commodities has reached its highest level in 20 years, says a new UNCTAD report, noting that commodity dependence affects developing countries almost exclusively. According to the State of Commodity Dependence Report 2019 released last week, dependence on commodities affects 85% of least developed countries, 81% of landlocked developing […]

Three Sahel countries to create joint anti-jihadist force amid growing insecurity

Junta-led Burkina Faso, Mali, and Niger have agreed to create a joint force to battle security threats, most notably long-running jihadist rebellions, across their territories. Violence in the wider Sahel region fueled by the decade-long fight with Islamist groups has worsened since the three countries’ militaries seized power in a series of coups from 2020 […]