Africa’s venture-capital market shrunk by whooping 40% in 2023, as startups struggle

The African venture-capital (VC) market witnessed a 40% drop in funding from the previous year in the first six months of 2023, reflecting cautious investor sentiment and sparking concerns for startups’ future. In the first half of 2023, a mere 263 VC deals were executed, collectively accounting for $2.1 billion, which represents a 40% decline […]

IMF members increase contributions; Africa gets third seat on board

The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third seat on its executive board at its first meetings on the continent since 1973. The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a […]

Rabat hosts 52nd meeting of executive committee of OIC Parliamentary Union

Morocco’s Parliament is hosting this September 10-11 the proceedings of the 52nd Meeting of the Executive Committee of the Parliamentary Union of the OIC Member States (PUIC). In an opening address, Secretary General of the OIC Parliamentary Union, Muhammad Qureshi Nias, hailed Morocco’s interest in strengthening Islamic cooperation under the leadership of King Mohammed VI, […]