Africa Headlines International Morocco

Sahara: Burundi reaffirms support for Morocco’s territorial integrity, autonomy plan

Burundi reaffirmed, on Wednesday in Rabat, its commitment to the principle of Morocco’s territorial integrity, while considering the autonomy plan as “the basis for achieving a sustainable, pragmatic and realistic solution” to the dispute over the Moroccan Sahara. This position was expressed in a joint statement issued after a meeting in Rabat between the Burundian […]

Headlines International Morocco

Community of Nations recognizes Moroccan King’s spiritual, temporal leadership, Says Azoulay

The Community of Nations recognizes King Mohammed VI’s spiritual and temporal leadership, said Royal Advisor, André Azoulay. Addressing the Bundestag, as part of a Konrad Adenauer Foundation conference on challenges in the Euro-Mediterranean area, Azoulay highlighted the spiritual and temporal leadership embodied by King Mohammed VI within the Community of Nations. A Community of Nations […]

Africa International

Burkina Faso: Ibrahim Traoré to be inaugurated President of Transition Friday

The Constitutional Council in Burkina Faso announced that the leader of the junta in power in the country Ibrahim Traore will be sworn in on Friday as the President of the transition, less than a month after seizing power. The Constitutional Council “takes note of the resignation” of Lieutenant-Colonel Paul-Henri Sandaogo Damiba, author of a […]

Business

Tunisian bakers suspend strike after deal with trade ministry

Tunisian bakers suspended their call for strike following a deal with the ministry of Trade which has agreed to disburse a portion of €78 million (TND250 million) subsidy promised to operators. Sadok Haboubi, the treasurer of the union of bakers, told media that they have reached a deal with the ministry of trade for the […]

Community Headlines International Morocco

Climate Change: Morocco will defend African island countries at COP-27

Morocco has pledged to defend the African Islands at the UN Climate Change Conference (COP27) due in Sharm Sheikh, Egypt, from 6 to 18 November 2022. The announcement was made Tuesday by Moroccan foreign minister Nasser Bourita in a speech made via videoconference during a ministerial meeting of the Peace and Security Council of the […]

Finance Headlines Morocco Portrait Profile

Morocco: King appoints Mohamed Benchaaboun as head of the Mohammed VI Fund for Investment

King Mohammed VI has appointed Mohamed Benchaaboun as head of the Mohammed VI Investment Fund, at a time Morocco assigns particular importance to spurring private investment. The appointment was announced during the meeting of the Council of Ministers, held Tuesday in rabat, under the chairmanship of the sovereign, who has set the target of attracting […]

Europe Headlines International Morocco

Morocco-Spain high-level meeting to be held early 2023

The Moroccan-Spanish high-level meeting is scheduled to be held early next year, Foreign Minister Nasser Bourita, announced on Tuesday in Rabat. Speaking at a press briefing following the signing of a Memorandum of Understanding on the establishment of a Green Partnership with the European Union (EU), Bourita said the high-level meeting will be an “important […]

Energy International

Egypt, PA, Israel agree to develop Gaza gas field

  Egypt, the Palestinian Authority (PA) and Israel have agreed to develop the Palestinian gas field off the coast of Gaza, Israeli Public Broadcaster Kan revealed Tuesday. The profits from the gas field will go back to the PA and Israel, with Egypt mediating between the parties in an effort to improve the financial situation […]

Business Finance

World’s worst-performing currencies: Ghana’s cedi, as Nigeria’s naira, SA’s rand also struggle

Ghana’s cedi slumped over the last three days to become the world’s worst-performing currency this year as investors continued to squeeze foreign capital into the West African country. The currency of the world’s second-biggest cocoa producer depreciated as much as 3.3%, which took its losses this year to more than 45%, the most among 148 […]

Business Emerging Markets

Pandemic aftershocks, Russia’s war in Ukraine dimming prospects for African trade

The effects from the COVID-19 pandemic aftershocks and the Ukrainian crisis have led to rising commodity prices, surging inflation, and shifts in the global financial situation that have transformed African trade and production capabilities, according to the latest figures published by the International Monetary Fund (IMF). After over-performing in its post-pandemic recovery in 2021, Africa’s […]