Business Headlines International

8th TICAD meeting: Japan seeks to rebuild influence in Africa

A Japan-supported international conference on African development — the 8th Tokyo International Conference on African Development, or TICAD 8 — will be held in Tunisia, August 27 to 28. TICAD 8 is expected to focus chiefly on cooperation in the health care field, including the fight against such infectious diseases as the novel coronavirus. “The […]

Europe Headlines International Morocco

Pegasus: NSO had sealed contracts with 12 EU countries, European investigation reveals, confirming politically-motivated manipulation

A European Parliament’s fact-finding mission on the Pegasus spyware case revealed after investigations in Israel and contacts with NSO company which developed the spyware, that the company had sealed contracts with 22 customers in 12 countries of the 27-member European Union. These findings show that the Pegasus affair relayed in 2021 by several international NGOs […]

Africa International

Sierra Leone in shock after anti-government cost of living protests turn deadly

Dozens died in anti-government protests in Sierra Leone’s capital of Freetown and two other towns on Wednesday, August 10 as shocked citizens sought safety behind closed doors. Authorities in Sierra Leone have said at least 21 civilians and six police officers have been killed in clashes that broke out during anti-government protests. In Freetown, hundreds […]

Finance

Angola’s first successful IPO may pave way for privatization of conglomerates

In a major development in Africa’s capital markets, Angola has launched its first initial public offering (IPO), which could lead to a slew of privatizations of some of the country’s biggest conglomerates. In June, Banco BAI, Angola’s largest private bank, floated a 10% stake following the country’s first initial public offering (IPO), viewed by observers […]

Africa Americas International

Congo, Rwanda leaders agree to direct talks to end regional tensions

Democratic Republic of Congo and Rwanda have agreed to begin talks to ease the tensions between the two countries in eastern Congo, US Secretary of State Antony Blinken said on Thursday (11 August). Speaking in Rwanda’s capital Kigali, Blinken said the presidents of Rwanda and DR of Congo, Paul Kagame and Felix Tshisekedi, who have […]

Energy Headlines Libya

Libya to increase oil production to 2 million b/d

Libya’s state-run oil company, National Oil Corporation (NOC), plans to increase oil production to 2 million barrels per day as most of the country’s oil fields resume operations. Chairman of NOC, Farhat bin Qadara, said a medium-term plan will be outlined to achieve this goal, which will extend from three to five years and that […]

Business Egypt

Maersk unveils plans to invest $500m in Egypt’s Suez Canal

Danish shipping company Maersk is planning to inject around $500 million worth of investments into the Suez Canal Container Terminal in East Port Said, statement issued by the Suez Canal Authority (SCA) indicated Thursday. The money will go into the development of a new container dock with a length of 1,000 meters beside the current […]

Energy

Iraq prolongs fuel export deal with Lebanon for additional year

Iraq’s government has agreed to continue supplying Lebanon’s electricity company with heavy fuel oil for another year, Zawya reports. Najib Mikati, the Lebanese caretaker Prime Minister, Thursday, said he made the request to Iraqi Prime Minister Mustafa al-Kadhemi, who agreed to extend the agreement signed last year under the same terms. In July 2021, Baghdad […]

Headlines Morocco

Moroccan football federation parts ways with coach Halilhodzic

The Moroccan football federation announced having made a clean break with coach of the national squad Vahid Halilhodzic of Bosnia. The federation said the separation was on good terms with Halilhodzic, three months ahead of the World Cup in Qatar. “Given the differences and divergent visions between the Royal Moroccan Football Federation and national coach […]

Asia Headlines International Morocco

Morocco reiterates support to One China Principle

Moroccan Ambassador to China Aziz Mekouar has reiterated Morocco’s adherence to the One China principle, affirming that this stand forms the basis of relations between the two friendly countries. The diplomat stressed that this adherence is based on the Kingdom’s principled positions, which are characterized by consistency, responsibility, credibility and reliability regarding the respect of […]