Business Features Finance Headlines

AfDB report highlights Africa’s economic strength driven by investment surge, bold reforms

A new report from the African Development Bank (AfDB) underscores Africa’s impressive economic recovery, highlighting the continent’s resilience, growth, and the impact of bold reforms. With a projected GDP growth from 3.2% in 2024 to 4.1% in 2025 and 4.4% in 2026, Africa is now the second-fastest-growing regional economy globally, trailing only Asia. This growth […]

Algeria Americas Columns Headlines International

Algerian military regime offers deals to avoid Trump’s sanctions

The tyrannical and corrupt Algerian regime, which has invested for years in the axis of evil threatening U.S. interests in North Africa and Middle East, has shifted lately positions after President Donald Trump returned to the White House. In a bid to skip American sanctions, the deceitful Algerian diplomacy is trying hard by all means […]

Business Emerging Markets Headlines Morocco

Morocco’s tourist arrivals up 24% in February

Morocco’s tourist arrivals grew 24% to 2.7 million tourists up to the end of February this year, underscoring the momentum in the sector. “A half-million additional visitors in just two months is a figure that speaks for itself. This confirms that Morocco has its place among the world’s top destinations,” tourism minister Fatim-Zahra Ammor said. […]

Africa Business Emerging Markets Headlines International Morocco

Maroc Telecom’s Gabon subsidiary evades nationalization push

Moov Africa Gabon, the local subsidiary of Morocco’s Maroc Telecom, was spared a nationalization push that affected many strategic firms in the country. Speaking at the Mobile World Congress (MWC) Gabon’s minister of digital economy made it clear that “the sector of telecommunications was not concerned by nationalization policies.” Since Brice Oligui Nguima took power […]

Business Emerging Markets Headlines Morocco

Recent rainfall gives Moroccan farmers hope after prolonged drought

The recent rainfall that blessed most Moroccan fertile lands gave farmers hope after a prolonged drought compromised this year’s harvest. The rainfall coupled with snow in the mountains improved the dam filling rate to 30% on March 10, from 26% last year. While the rain could have a limited impact on grains, spring crops will […]

Columns Finance Headlines Tunisia

Dim prospects for Tunisian economy as President Saied cuts ties with IMF

Tunisia’s President Kais Saied has suspended ties with the IMF after shunning the reforms it conditioned for a lifeline deal that could have made it easier for Tunisia to access foreign loans. The failure of the $1.9 billion offered by the IMF in exchange for reforms puts Tunisia in an uphill battle to access funding […]

Egypt Emerging Markets Finance Headlines

Egypt: Tax revenue growth, plans for economic stimulus

Egypt’s tax revenues surged by 38 percent in the first half of the 2024/2025 fiscal year, according to Finance Minister Ahmed Kouchouk. During a panel organized by the Egyptian Association for Direct Investment and Venture Capital, Kouchouk attributed this growth to the Government’s ongoing efforts to broaden the tax base and strengthen cooperation with taxpayers. […]

Energy Features Headlines

DRC eyes Ukraine-style minerals-for-security deal with U.S. to counter rebels, China’s influence

The Democratic Republic of Congo (DRC) and the United States are engaged in preliminary talks over a potential minerals-for-security agreement, which could reshape global supply chains for critical minerals. It comes as U.S. president Donald Trump recently vowed to take “historic action” to “dramatically expand production of critical minerals and rare earths.” Under the proposed […]

Headlines Libya

Over 500 migrants intercepted off Libyan coast in one week, reports IOM

The International Organization for Migration (IOM) reported on Monday March 10 that 563 migrants were intercepted off the Libyan coast between March 2 and 8. The migrants, including 43 women and 12 children, were returned to Libya, with one migrant’s body recovered during the operation. The IOM’s statement highlighted the ongoing dangers faced by migrants […]

Africa Features Headlines International

Ghana, Burkina Faso leaders meet in bid to strengthen ties amid ‘breakdown of trust’ in ECOWAS

Ghanaian President John Dramani Mahama has met with Burkina Faso’s interim leader, Captain Ibrahim Traoré, in high-level talks aimed at enhancing regional stability and fostering deeper economic partnerships. The discussions, held in Ouagadougou on Monday (10 March), covered a range of issues, with a particular emphasis on improving relations with the Economic Community of West […]