WEF report 2024: sub-Saharan Africa to see moderate growth amid economic uncertainty

World Economic Forum’s (WEF) annual survey of chief economists from the public and private sector is relatively upbeat about Africa, with 65% of them expecting moderate growth in sub-Saharan Africa this year, but geopolitical rifts could hit global growth. According to the WEF’s Chief Economists Outlook report, 56% of the chief economists polled anticipate a […]

Muslims across Africa celebrate Eid al-Adha amid conflict, soaring inflation

Millions of Muslims across Africa are celebrating Eid al-Adha — or “The Feast of the Sacrifice” — a religious festival that honors the act of sacrificing what they hold dear to express their devotion to Allah. But this year, in parts of Africa, Eid celebrations are marred by rising inflation, raging wars, and refugee crisis. […]

US Department of Commerce to impose countervailing duties of 19,97% on imports of Moroccan phosphate fertilizers

The US Department of Commerce announced Tuesday Feb.9 its final determination that phosphate fertilizer imports from Morocco are unfairly subsidized and decided to impose countervailing duties of 19.97 percent on US imports of Moroccan phosphate fertilizers. The OCP Group said in a press release that it acknowledges Tuesday’s final decision from the US Department of […]