World-Economic-Forum

East Africa bracing for fresh wave of interest rate hikes fueled by Red Sea crisis

East African central banks are being forced to hike interest rates to contain renewed inflationary pressures emanating from surging shipping and insurance costs due to the disrupted crucial trade routes between Europe, the Middle East, and Asia in the Red Sea. The ongoing Red Sea crisis, involving attacks by the Iran-supported Houthi group based in […]

Morocco Launches Integrated Digital System to Modernize Maritime Fisheries Governance

Morocco’s State Secretariat for Maritime Fisheries has launched an international tender for the design and deployment of a comprehensive digital governance system for the fisheries sector, covering the full value chain from vessel departure to export certification. The initiative, reported by Le Matin daily on Tuesday, represents the most ambitious digital transformation of the fisheries […]

Conflict, violence, persecution push displaced people to record 120 million globally – UNHCR

A new record 120 million people have been forcibly displaced worldwide due to conflict, violence, and persecution, according to a recent United Nations Refugee Agency (UNHCR) report. The overall number of refugees reached a whopping 117.3 million people as of the end of 2023, representing a significant increase from the previous year. This figure has […]