Headlines Morocco

Eid Al Adha: King Mohammed VI pardons 1,526 inmates, including convicts in extremism, terrorism cases

On the occasion of Eid Al Adha, celebrated Saturday June 7 in Morocco, King Mohammed VI granted pardon to 1526 people, sentenced by the different Moroccan courts, the Justice Ministry said in a statement. The Ministry of Justice unveiled the list of the beneficiaries of the royal pardon, who are either detained or serving a […]

Emerging Markets Finance Headlines Libya

Eastern Libya’s budget push signals strategic bid for oil leverage amid political deadlock

In a bold financial maneuver, Libya’s eastern-based authorities have fast-tracked the approval of a $12.7 billion infrastructure budget—framed as a national development drive, but widely viewed by analysts as a calculated step to consolidate control over oil revenue streams. Overseen by Belgassim Haftar, son of military strongman Khalifa Haftar, the Development and Reconstruction Fund is […]

Asia Business Egypt Energy Headlines International

Egyptian Petrojet expands regional Ffotprint with $21.76 M LPG project in Jordan

Egyptian engineering firm Petrojet has secured a $21.76 million contract to develop a liquefied petroleum gas (LPG) facility in Jordan, marking a significant step in its regional expansion strategy. This project aligns with Petrojet’s broader objective to enhance its presence in the Middle East, particularly in energy infrastructure development. The company has been actively pursuing […]

Africa Algeria Headlines International Maghreb

Algeria sets up covert mercenary group to jolt Sahel countries

The Algerian military regime has created an underground group composed of foreign mercenaries tasked with carrying covert operations aimed at destabilizing Sahel countries, said “Sahel Intelligence” news outlet citing Algerian Gendarmerie sources. Code-named “KL-7”, the secret paramilitary force is believed to have conducted subversive missions in Algeria’s southern neighboring countries in coordination with terrorist groups […]

Emerging Markets Finance Headlines Morocco

OECD expects Morocco’s growth to reach 3.8% in 2025 & 2026

The Moroccan economy is expected to remain solid in 2025 and 2026, as weather conditions alleviate the drought that severely affected the agricultural sector in 2023 and 2024, according to the forecast of the Organisation for Economic Co-operation and Development (OECD). The country’s GDP is projected to reach 3.8% in both 2025 and 2026, driven […]

Africa Headlines International

Africa Day: African Union intensifies push for economic reparations

The African Union has renewed its campaign for reparative justice, demanding concrete economic redress for slavery and colonialism’s lasting impacts rather than mere symbolic acknowledgments, as global momentum builds for historical restitution. Speaking to Business Africa, Desire Assogbavi, International Development Expert and Advocacy Advisor at Open Society Foundations, emphasized that reparations extend beyond financial compensation. […]

Africa Community Headlines International

Sudan: Over 1 million displaced people return home despite ongoing conflict

Despite the ongoing conflict and humanitarian challenges in Sudan, over 1 million internally displaced persons (IDPs) have begun returning to their homes, according to a report released on June 5 by the International Organization for Migration. This movement is particularly notable in regions such as Darfur and Kordofan, where many had sought refuge in displacement […]

Africa Headlines International

South Sudan declares state of emergency amid deadly inter-communal clashes

South Sudanese President Salva Kiir has imposed a six-month state of emergency in Warrap State and Mayom County following a surge in deadly inter-communal clashes over cattle and access to scarce water and grazing land. The violence, which has intensified in recent months—particularly in Tonj County—has claimed hundreds of lives, with over 200 deaths recorded […]

Africa Business Emerging Markets Headlines International Morocco

Ghana, latest nation to back Morocco’s autonomy plan as sole solution to Sahara issue

Ghana has become the latest state to back the Moroccan autonomy plan as the sole solution to the Sahara issue, in a move that will reverberate across Africa. The position was expressed in a joint statement following talks in Rabat Thursday between Ghana’s foreign minister Samuel Okudzeto Ablakwa and Moroccan peer Nasser Bourita. Ghana “considers […]

Americas Business Emerging Markets Headlines International Morocco

Critical Minerals: Canada’s Steadright upbeat over Morocco’s titanium project

Canadian Company, Steadright Critical Minerals, announced on Thursday that a MOU has been signed with the shareholders of NSM Capital, a Moroccan company, that controls 160 sq. km’s of contiguous mineral exploration licenses that contain highly prospective Titanium Dioxide (TiO2) which is classified as a Critical & Strategic Mineral in the U.S., Canada, Europe, and […]