Emerging Markets Europe Finance Headlines International Morocco

France top investor in Morocco in 2023

France retained its position as the first source of foreign direct investments in Morocco in 2023 with 680 million dollars, compared with 380 million a year earlier, Morocco’s foreign exchange office said. French investments represented 61% of overall investments in Morocco last year, the office said in a report. The UAE came second with investments […]

Africa Columns Headlines International Morocco

Royal Air Maroc becomes transporter of humanitarian aid in Africa, confirming Morocco’s African solidarity

Morocco’s flag carrier, Royal Air Maroc, has partnered with NGO Airlink to transport humanitarian aid to West and Central Africa, confirming the strong commitment of the North African Kingdom and its solidarity with African communities affected by humanitarian crises. Under an agreement signed lately with the philanthropic organization, the Moroccan airline company pledged to transport […]

Africa Business Emerging Markets Finance Headlines International

African start-ups break record with securing $1.2bn funding in 2024 — report

African start-ups recorded an impressive fundraising performance in July 2024, raising $420 million, the highest monthly figure since the tracking began in 2019, according to a recent report by Africa: The Big Deal. This sum also represents 2.5 times the average monthly amount raised over the past one year, signaling a strong rebound in investment […]

Headlines Morocco

El Bakkali offers Morocco its first gold medal in Paris Olympics

Soufiane El Bakkali retained his title in Olympic men’s 3000 meters steeplechase, offering Morocco its first gold medal. The Moroccan champion crossed the finish line in eight minutes 6.05 seconds as American Kenneth Rooks took silver in 8:06.41 and Kenya’s Abraham Kibiwot claimed bronze. El Bakkali stood out in the last 300 meters sprint outperforming […]

Africa Headlines International

Gen Z anti-govt revolt in Kenya, Uganda, Nigeria may fuel sub-Saharan ‘African Spring’

As sub-Saharan Africa has seen an unparalleled surge of protests this year, from Kenya to Uganda and Nigeria, some observers are expressing the view that a new African Spring may be on the horizon. Young people in Kenya, Uganda and Nigeria have taken to the streets protesting against the high cost of living, lack of […]

Europe Headlines International Morocco

French Club PSG sets up Football Academy in Morocco

French football club, Paris Saint-Germain (PSG), has set up an academy in Casablanca, Morocco, to foster further the club’s sporting ties with Moroccan youth. The academy’s inauguration is set for September 2024, said PSG in a press release. The bond between PSG and Morocco is built on a shared passion for football and Moroccan defender […]

Europe Headlines International Morocco

Spain’s CITCO chief hails sound security cooperation with Morocco

Manuel Navarrete, the director of Spain’s Center for Intelligence against Terrorism and Organized Crime (CITCO), has praised the ongoing security collaboration between Spain and Morocco. Speaking on the 10th anniversary of CITCO, Navarrete emphasized the strength and consistency of this partnership. “The cooperation between the Police, the Guardia Civil [Civil Guard], and Spanish security forces, […]

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Nigeria: Gov’t alarmed by possible Russian involvement in ongoing ‘hardship’ protests

The Nigerian government has raised concerns over Russia’s possible influence on the ongoing demonstrations against economic hardship in the West African country after about 40 protestors had been arrested for carrying Russian flags. Nigerian authorities have detained anti-government protestors in northern states for waving Russian flags and voicing support for Russian President Vladimir Putin, denouncing […]

Africa Headlines International

War in Sudan: ICC prosecutor plans to request arrest warrants in coming months

The Prosecutor of the International Criminal Court Karim Khan who presented to the United Nations Security Council in New York his semi-annual report on Darfur said he was planning to request arrest warrants against some of the people who are most responsible for the crimes committed in the region. The prosecutor, who focused on the […]

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Finland backs Moroccan autonomy plan for Sahara in an international momentum on the move

Finland became the latest country and the first Nordic country to formally support the autonomy proposal under Moroccan sovereignty as a solution to the Sahara conflict. This came in a joint statement following talks in Helsinki between Finnish   FM Elina Valtonen and her Moroccan counterpart Nasser Bourita. “Finland considers the autonomy plan presented in […]