Africa Business Features Finance Headlines International

AfDB’s stormy forecast: 21 African currencies set to weaken against U.S. dollar in 2025

A new report from the African Development Bank (AfDB) warns that 21 out of 54 African currencies are projected to depreciate against the U.S. dollar in 2025, highlighting continued economic vulnerability across the continent. Major economies like Nigeria, Egypt, Ethiopia, and Ghana are expected to see currency losses of 6% or more, driven by declining […]

Americas Business Emerging Markets Features Headlines International

Trump urged to seize Africa opportunity amid China’s rise, says Brookings Report

As Africa moves to the center of global economic and strategic importance, a new Brookings Institution policy brief urges the Trump administration to craft a bold, forward-looking U.S.-Africa strategy that aligns American interests with Africa’s rapid transformation. The report highlights four key pillars — power, prosperity, peace, and principles with soft power — through which […]

Columns Europe Headlines International Morocco

Morocco’s top police chief attends international security meeting in Moscow

Director General of National Security and Territorial Surveillance, Abdellatif Hammouchi, representing Morocco at the 13th International Meeting of High Representatives for Security Issues held in Moscow. Organized by the Russian Security Council, this meeting has been held regularly since 2010. It serves as a strategic forum for coordination and exchange of views among countries on […]

Egypt Headlines Morocco

Egypt’s President sends message to King Mohammed VI

President Abdel Fattah El-Sisi has sent a written message to King Mohammed VI. The message was handed over by Egyptian Foreign Minister Badr Abdelatty to Moroccan peer Nasser Bourita during a meeting held Wednesday in Rabat. The two officials discussed bilateral relations, cooperation prospects in various sectors, coordination of stands regarding issues of common interests […]

Business Emerging Markets Europe Headlines International Morocco

Moroccan navy’s power strengthened with Spanish-built Avante patrol vessel

Spanish Navantia San Fernando shipyard celebrated on Tuesday May 27 the launch ceremony of the Avante 1800 type OPV that the company has built for the Moroccan Royal Navy, an event consolidated the close naval cooperation between Spain and Morocco, based on continuous exchange and mutual technical recognition. Construction number 565 of the shipyard touched […]

Emerging Markets Finance Headlines Morocco

AfDB expects Morocco’s growth to reach 3.9% in 2025

Morocco’s economic growth is expected to increase from 3.2 % in 2024 to 3.9% in 2025, driven by robust domestic demand, particularly by investment, the momentum of non-agricultural activities, and the prospect of a better crop year, according to latest African Development Bank report. In 2026, the Bank forecasts a 3.7% growth in the country […]

Business Emerging Markets Europe Headlines International Maghreb Morocco

Romanian delegation explores Morocco’s local development model in Dakhla

A delegation from the Association of Romanian Communes (ACoR) visited Dakhla Tuesday to study Morocco’s approach to local development, examining several development programs implemented by elected bodies in the Dakhla-Oued Eddahab region. The visit, organized by the Moroccan Association of Presidents of Prefecture and Provincial Councils (AMPCPP) in partnership with the Oued Eddahab Provincial Council, […]

Business Emerging Markets Headlines Morocco

Morocco’s informal sector expands to 2 million production units

Morocco’s informal sector has grown to approximately 2.03 million informal production units (IPUs) in 2023, an increase of 353,000 units since 2014, according to the National Survey on Informal Production Units published Wednesday by the High Commission for Planning (HCP). The expansion has been predominantly urban, with 77.3% of IPUs located in cities. The Casablanca-Settat […]

Business Culture Egypt Emerging Markets Headlines Mauritania

Mauritania and Egypt forge forward-looking alliance

After nearly two decades of dormancy, Egypt and Mauritania have reactivated on May 27 their bilateral cooperation mechanism through the revival of the Joint Committee, signaling a strategic commitment to developmental diplomacy and South-South collaboration. The second session of the Committee, held in Nouakchott, underscored a shared ambition to recalibrate bilateral ties in line with […]

Emerging Markets Finance Headlines International

Tariff tensions trim Africa’s 2025 growth forecast, warns AfDB

Africa’s economic growth is expected to hit 3.9% in 2025, up from 3.3% in 2024, but still lower than previously projected, according to the African Development Bank (AfDB). In its latest African Economic Outlook report, released during its ongoing annual meeting in Côte d’Ivoire, the Bank downgraded its forecast by 0.2 percentage points, citing uncertainty […]