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Morocco’s Bank of Africa seeks to bring Indian investments to Morocco

Morocco’s Bank of Africa, formerly known as BMCE Bank, signed a deal with Export-Import Bank of India (EXIM Bank) to back investments in both ways. The MoU was signed during a Webinar by representatives of the two banks who highlighted investment opportunities in innovative sectors. Speaking at the video conference, Morocco’s ambassador to India Mohamed […]

Nigeria: lawmakers denounce launch of ‘Nigeria Air’ by Buhari gov’t as “fraud”

Nigeria’s dreams for a domestic airline crash-land, as the lawmakers slammed the launch of the country’s new flag carrier Nigeria Air just days before the end of the administration, declaring it a “fraud”. Nigeria’s House of Representatives dubbed the purported 26 May launch of the Nigeria Air as “fraudulent,” while local media reported that major […]

AfCFTA free trade on track, but intra-Africa’s low trade pattern is worrisome

The African Continental Free Trade Area (AfCFTA) is on track, but more efforts are needed, experts say, as presently intra-Africa trade stands low at just 14.4% of total African exports. A low intra-continental, as well as global trade pattern by African countries, has mainly been attributed to a lack of adequate infrastructure, climate change, structural […]