Tunisian forces

US-Africa summit: Biden backs AfCFTA, AU as G20 member

US President Joe Biden capped the three-day summit of 49 African leaders by stressing his administration’s deep commitment to Africa, urging the continent’s leaders to respect the will of their people, and saying he may come visit. Africa could see more US investment as the Biden administration wants to reduce the dominance of China and […]

Proparco, EIB, IFC commit €47.5 million for solar energy in Senegal

The European Investment Bank and the International Finance Corporation have announced €47.5 million to finance the construction of two photovoltaic solar power plants In Senegal. The infrastructure will be installed by Engie in collaboration with other partners. According to local media, the two photovoltaic solar power plants will be installed in Kahone and Kael and […]

Morocco targets economic diversification to secure long-term growth

Morocco has taken a series of reforms to diversify the triggers of growth for its economy away from dependence on agriculture, phosphates and tourism through developing competitive industries and diversifying its trading partners. Agriculture weights about 15% of the Moroccan economy making the amount of rainfall key to influence economic performance. Last year, cereals output […]