Africa Community Headlines International

Mauritius reverses social media restrictions after public backlash ahead of elections

Mauritius has withdrawn its controversial decision to restrict social media access during its upcoming general election following widespread public opposition. The proposed ban, which would have affected major platforms including Facebook, Instagram, TikTok, and X, sparked significant controversy across multiple sectors of society. The initial restriction was implemented in the island nation in response to […]

Business Emerging Markets Finance Headlines International Morocco

IFC, MIGA, International Banks partner with Morocco’s Tanger Med Port Complex to expand truck and passenger terminal

The International finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), both members of the World Bank Group, have partnered with Tanger Med Port Complex, the leading industrial port complex in the Mediterranean, to expand the truck and passenger terminal and strengthen Morocco’s strategic position as a hub for regional and global trade, IFC […]

Asia Business Emerging Markets Headlines International Morocco

Automotive: Morocco, leading exporter to Europe, outperforming China in 2023

Morocco has become the largest automotive exporter to the European Union. With a robust growth trajectory in finished vehicle production, the country’s trade with Europe is set to further expand in the coming years, said London-based magazine “Automotive Logistics”. In 2023, Morocco’s automotive exports to the EU saw a substantial increase, reaching a value of […]

Emerging Markets Europe Headlines International Morocco

Morocco’s FM highlights significance of strengthened ties with France

Morocco’s foreign minister Nasser Bourita highlighted the depth of relations with France which came following Paris unequivocal support for Morocco’s sovereignty over the Sahara. In an interview with Le Point, Bourita said the visit by Macron to Morocco on October 28-30 marked “the beginning of a new chapter in Moroccan-French relations under the leadership of […]

Headlines Tunisia

Tunisian president prefers political survival over economic reform – US think Tank

Tunisian President Kais Saied has sapped five years in office without initiating reforms that could boost the competitiveness of the Tunisian economy, due to his focus on political survival, said a new study published by Carnegei Middle East Center. “Although Saied antagonized large private enterprises with an anti-business and anti-elite populist narrative, he refrained from […]

Africa Emerging Markets Energy Headlines International Morocco

Nigeria-Morocco gas pipeline in land acquisition stage

A gas pipeline that will connect Nigeria to Morocco has reached the land acquisition stage, the Nigerian National Petroleum Company Limited (NNCPL) said. Surveys are currently underway for Environmental and Social Impact Assessments of the project that will cost some 25 billion dollars and benefit 13 countries in West Africa. The update was given at […]

Africa Finance Headlines International

World Bank disburses 1.149 billion FCFA to support victims of floods in the Senegal River Valley

The World Bank is collaborating with Senegal to address severe flooding in the Senegal River Valley, exacerbated by exceptional rainfall and the influence of the Manantali and Diama dams. In this vein, the World Bank has stepped in with 1.149 billion FCFA through the Senegal River Valley Development and Resilience Project, the organization announced. The […]

Emerging Markets Energy Finance Headlines Libya

Libya to lead Arab countries in economic growth by 2025, IMF forecasts

The International Monetary Fund (IMF) has projected that Libya will lead the Arab world in economic growth by 2025, anticipating an impressive growth rate of 13.7%. According to a recent report from the IMF, Libya’s economic growth is expected to escalate from a modest 2.4% in 2023 to this remarkable figure in 2025, positioning the […]

Africa Emerging Markets Finance Headlines International

Bridging the gap: multibillion-dollar FASA fund to finance agri-SMEs in Africa

Norway, South Korea, the United Kingdom, and the United States have officially launched a multi-donor “fund of funds”, known as FASA, whose aim is to address the financing challenges faced by agricultural small and medium-sized enterprises (agri-SMEs) across Africa. Over the next 10 years, the “Financing for Agricultural Small and Medium Enterprises in Africa” Fund, […]

Algeria Columns Headlines Morocco

Hilale: Algeria’s proposal for partition of Moroccan Sahara is a usual outlet for its diplomatic setbacks

The Permanent Representative of Morocco to the United Nations, Omar Hilale, stressed in New York that the Algerian proposal for the partition of the Moroccan Sahara is a usual outlet for its diplomatic setbacks. During a press briefing following the adoption by the Security Council of the resolution on the Sahara, Hilale reacted to the […]