Africa Finance Headlines International

Zimbabwe’s new currency weakened by deepening trade deficit

Zimbabwe’s newly adopted gold-backed currency ZiG has been put to the test of increasing imports that depleted reserves, casting a shadow on the government’s plan to make it the only currency in the country by 2026. The currency was launched in April 2024 in an effort to mitigate monetary instability and hyperinflation that has plagued […]

Emerging Markets Finance Headlines Morocco

World Bank to leverage guarantees for increased international financing in Morocco

The World Bank plans to utilize guarantees to draw more international financing to Morocco, said Hiroshi Matano, Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA). “We believe that these guarantees can help Moroccan borrowers (corporate and public institutions and non-sovereign risk counterparties) diversify their financing sources with private capital,” Matano said in an […]

Africa Europe Headlines International Morocco

Morocco elected by acclamation to IAEA Board of Governors

Morocco has been elected this Thursday to the Board of Governors of the International Atomic Energy Agency (IAEA) for the 2024-2026 term. The election took place during the ongoing 68th regular session of the IAEA General Conference in Vienna. The Kingdom’s election by acclamation to the IAEA’s key decision-making body, representing Africa, reflects the international […]

Africa Headlines International Morocco

Morocco, Gabon agree to strengthen judicial cooperation

Morocco’s justice minister Abdellatif Ouahbi, and his Gabonese counterpart, Paul Marie Gondjout, signed a Memorandum of Understanding (MoU) in Rabat to enhance judicial cooperation between the two nations. The MoU aims to strengthen bilateral cooperation by expanding into technical areas of judicial administration, facilitating the exchange of expertise, and organizing scientific meetings to leverage the […]

Asia Headlines International Morocco

Morocco’s water management know-how showcased at India Water Week

Morocco showcased its expertise and know-how in water resources management, as well as its response to the growing challenges posed by climate change and water scarcity, during the 8th India Water Week, held in New Delhi. Speaking at a country session, Omar Chafki, Director of the Bouregreg and Chaouia Water Basin Agency and head of […]

Africa Americas Business Emerging Markets Headlines International

Boeing expects to expand in Africa on back of demographic growth

Africa’s rapid population growth is expected to lead to an increased demand on air travel, with Boeing expecting a robust annual growth rate of 6.4% in passenger traffic across the continent. Boeing, in its latest commercial market outlook, expects Africa’s commercial fleet to more than double by 2043. Regional aviation associate AFRAA estimates there will […]

Africa Europe Finance Headlines International

Angola: EU to fund three environmental projects by 2025

The European Union (EU) will invest nearly €100 million by 2025 in three major projects in Angola focusing on biodiversity protection, the blue economy, and the circular economy, according to EU Ambassador Rosário Bento Pais. Speaking on September 18, at the international conference “The Planet on Fire: Rights in Extinction,” organized by Mosaiko – Institute […]

Africa Headlines International

Global vaccine alliance buys over half million Mpox doses for Africa

Gavi, the Vaccine Alliance, said it signed a deal with Bavarian Nordic to acquire 500,000 Mpox jabs to be sent to Africa urgently. The vaccine’s will be funded by Gavi’s First Response Fund, a new financial mechanism created in June 2024 to make cash rapidly available to purchase vaccines in health emergencies. The Mpox outbreak […]

Africa Americas Headlines International Morocco

African Diaspora Day: Moroccan King’s leadership in Africa highlighted in U.S. Congress

Morocco’s ambassador to the United States, Youssef Amrani, stressed the pivotal role of the African diaspora in the development of the continent during a conference held at the U.S. Congress, and highlighted the visionary leadership of King Mohammed VI in modern pan-Africanism. “Morocco regards the African diaspora as a key driver of co-development, one that […]