Algeria oil

South Korea seeks foothold in Africa

South Korea is hosting 48 African nations at a summit in Seoul to discuss cooperation on key minerals and other development projects in the growing African market, where great powers vie to strengthen their influence. Africa is a “crucial partner” for South Korea to further its industrial advances and “cooperation with Africa is not a […]

Drought shrinks Morocco’s cereals harvest by 67%

Lack of rainfall has weighed on Morocco’s cereals harvest which dropped to 34 million quintals this year, down 67% from last year, the agriculture ministry said. Soft wheat yield stood at 18.9 million quintals, hard wheat at 8.1 million quintals and barley at 7 million quintals as the country registered a drop of 34% in […]

EIB pledges €1 Bln support for Morocco’s post earthquake reconstruction

The European Investment Bank has pledged to lend Morocco €1 billion over the next three years to support the country’s efforts to rebuild the public infrastructures affected by the powerful & deadly earthquake that hit Al Haouz region on Sept.08, 2023. The first tranche of the loan (€ 500 million) was signed lately in Rabat […]