Africa Business Emerging Markets Headlines International Morocco

Pan-African motor industry hoped to produce and sell 3 mil. vehicles by 2035 — AAAM

Plans for a pan-African car industry, both for production and a growing consumer market, are gradually moving beyond the talking stage and into the realms of action, with more than half of the continent’s nations likely to take part in the African-wide automotive development. After the European car industry moved much of its production into […]

Africa Headlines International

Kidnappings for ransom soar in ‘triangle of death’, worsening insecurity in west Africa

For over 20 years, kidnappings for ransom have plagued the border regions where Chad, Cameroon and the Central African Republic meet, but the lack of an effective response from the Chadian state raises fears of a regional security crisis affecting its neighboring countries. The kidnappings have become a scourge in southwest Chad, with over 1,500 […]

Africa Business Headlines International

Congo suspends mining activity in east to restore order

Authorities in South Kivu province in eastern DRC ordered a suspension of all mining activities, arguing that the sector needed order, in a decision that will hit the local economy in the already conflict-stricken and impoverished area. “All companies, businesses, and cooperatives are required to leave the sites and operating locations within 72 hours,” the […]

Africa Business Headlines International

Bean disease decimates harvest in Ghana’s key cocoa farming region

The International Cocoa Organization (ICCO) warned of a bean disease that has infected 81% of the cocoa harvest in Western North, Ghana’s third largest cocoa producing region. The news came as Ghana, the second largest cocoa producer, reported a below average harvest this year at 429,323 tons, as climate change induced heat waves adds to […]

Europe Headlines International Morocco

Morocco reiterates willingness to upgrade its strategic partnership with EU

Morocco has reiterated its willingness to upgrade its strategic partnership with the European Union within the framework of a renewed and more ambitious dynamic, based on loyal partnership, common interest, and mutual respect. This came in a message that King Mohammed VI addressed to Ursula Von Der Leyen congratulating her on her election as President […]

Africa Algeria Headlines International Maghreb

African Union bans Polisario from participating in international meetings, another setback for Algiers

The African Union has decided to ban the Algeria-backed Polisario separatist group from participating in the upcoming international meetings such as forums or summits gathering African countries with the United States, Russia, China, Japan, South Korea… The game-changer decision was endorsed with overwhelming majority by the AU Executive Council during its latest meeting held in […]

Business Columns Emerging Markets Headlines Morocco

Morocco, 25 years of industrial development under King Mohammed VI

Twenty-five years ago, no one would have imagined that Morocco’s top exports would be cars. Morocco’s GDP, thanks to the King’s far-sighted approach, has more than doubled in a tough environment reaching some $130 billion, thanks to different economic policies spurred by the King. Industry has helped Morocco reduce dependence on the climate-vulnerable farming sector. […]

Americas Business Finance Headlines International

At Brazil’s G20 summit, IMF aims to get Africa’s unsustainable debt under control

As finance ministers and central bank governors of the G20 convene in Brazil this week (25-26 July), high on the agenda will be the International Monetary Fund’s (IMF) strategy to tackle Africa’s debt challenges, particularly the critical need for sustainable debt management and economic reforms. The IMF heads to Brazil G20 on a mission to […]

Africa Features Headlines International

Kenya’s Gen Z inspires youth-led protests across Africa, putting leaders in Nigeria, Uganda in panic mode

From Nigeria to Uganda, leaders from across Africa are watching closely the youth-led anti-government protests in Kenya that, according to experts, could inspire youth across the continent. Kenyan President William Ruto on Friday (19 July) appointed the first 11 members of his new cabinet, but he has yet to appoint a finance minister, under whose […]

Africa Asia Headlines International

Turkey seeks uranium supplies from Niger

Turkish foreign minister Hakan Fidan, earlier this week, led a delegation to Niger to discuss uranium supplies, Bloomberg reported. The delegation “wants to tap Nigerien supplies of the fissile mineral to fuel Turkey’s nascent nuclear-power industry,” it said. The two parties agreed to boost cooperation on energy, mining, intelligence, and defense, at a time Niger […]