Headlines International Morocco

Moroccan University, Israeli aerospace industries partner to boost R&D

The International University of Rabat and Israel Aerospace Industries (IAI) agreed on Monday to exchange experiences and enhance cooperation ties in scientific research and innovation. The agreement was inked in Tel Aviv by Noureddine Mouaddib, President of the Moroccan University and Eytan Eshel, CEO of IAI. The deal will enable the Moroccan academic institution to […]

Energy Europe Headlines International

Belgian consortium to build center for green hydrogen production & storage in Egypt

A consortium of Belgian companies revealed Monday on the sideline of the ongoing COP27 plans to set up a center for the production and storage of green hydrogen in Egypt, meant for export to Europe. The Belgian Alliance for Companies, made of DEME Group, Fluxys, and Antwerp Port met with Egyptian Prime Minister Mustafa Madbouli […]

Africa International

DRC: 2023 defense budget increased 300-fold amid confrontation with rebel groups

The Democratic Republic of Congo, DRC, has increased by 300 per cent its defense budget for 2023 to $1 billion in view of “ramping up the power of the armed forces and to revamp military industry”.   The defense budget accounts for 10.4 per cent of the total budge put at $14.6 billion. This budget […]

Business Emerging Markets Energy

Blood diamonds: Botswana wins bid to host anti-conflict diamond watchdog

Botswana, the world’s second-largest diamond producer, has won its bid to host the permanent secretariat of the Kimberley Process (KP), the grouping that certifies that diamonds are not used to fund rebel groups. The KP, a coalition of governments, the diamond industry and civil society representatives, said in a statement on Monday (7 November) it […]

Africa International

Burkina Faso: Three army officers arrested for exfiltrating Damiba to Togo

Burkina Faso authorities have arrested three captains who had helped former leader lieutenant-colonel Paul-Henri Sandaogo Damiba to flee to Togo in September, when he was deposed by incumbent captain Ibrahim Traoré. Sidsoré Abdoul Kader Ouedraogo, Hassan Salem Diallo and Didas Charles Ouédraogo reportedly exfiltrated Damiba out of the country to Togo in an aircraft belonging […]

Africa International

Cameroon’s president marks 40 years in power but succession is taboo topic

Thousands gathered in Cameroon’s capital, Yaounde, Sunday (6 November) to celebrate the 40th anniversary of President Paul Biya’s coming to power but the 89-year-old stayed out of the spotlight as questions swirled about the only leader most of the Central African country’s people have ever known. Biya has not appeared in public since French President […]

Africa International

Ethiopian gov’t, Tigray forces open new round of peace talks, establish hotline

Ethiopia’s government and Tigray regional representatives began a new round of talks Monday (7 November) to work out military and other details of last week’s signing of a “permanent” cessation of hostilities in a two-year conflict thought to have killed hundreds of thousands of people. Last week, the federal government and Tigray regional forces agreed […]

Africa International

Protesters in Ghana demand president Akufo-Addo ‘must go’ as inflation worsens

Hundreds of Ghanaians took to the streets of the capital Accra on Saturday (5 November) demanding the resignation of President Nana Akufo-Addo whom they blame the government’s poor handling of the ongoing economic crisis that has seen fuel and food costs spiral to record levels. After once promising a “Ghana without aid,” last week Akufo-Addo […]

Finance Headlines Morocco

AfDB supports Agricultural and Social Security Coverage programs in Morocco with $286 million loans

The African Development Bank (AfDB) will grant Morocco two loans worth $286 million to finance two programs related to the development of cereal growing and the generalization of social coverage. The first loan, worth €199 million (around MAD 2.16 billion) will go to the Support Program for the Competitive & Resilient Development of Cereals (PADCRC), […]

Finance Headlines Morocco

IMF revises upwards Morocco’s growth forecast to 1.25% in 2022 and 3% in 2023

The IMF revised upwards its growth projections for the Moroccan economy to 1.25% in 2022 and 3% in 2023, saying Morocco’s resilient exports, robust remittances and tourism recovery had helped offset some of the fallout of external shocks. The Moroccan government however expects growth to stand at 1.5% this year before increasing to 4% next […]