Africa Community Emerging Markets Headlines International

Drug trafficking in Sahel ‘enabled’ by weak rule of law, money laundering, corruption — UNODC report

Cocaine, cannabis resin and pharmaceutical opioids are the internationally trafficked drugs most seized in the Sahel, a region used by criminal networks and armed groups as a “natural stopover point” on trafficking routes from South America to Europe, according to a new report from the UN Office on Drugs and Crime (UNODC). Drug trafficking in […]

Africa Europe Headlines International

Nigerian intellectuals warn Tinubu’s govt against hosting US, French military bases

Several prominent Nigerian intellectuals have sent an open letter to the country’s president and the National Assembly, urging them to tread with maximum caution over an alleged signing of a defense pact with the United States and France to establish their military bases in the West African country. The coalition, without providing evidence, accused Washington […]

Asia Headlines International Morocco

King Mohammed VI receives written message from King Salman bin Abdulaziz

King Mohammed VI received, this Tuesday, a message from Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud. The message was handed to King Mohammed VI by King Salman’s envoy, Prince Turki bin Mohammed bin Fahd bin Abdulaziz Al Saud, Saudi Minister of State, member of the Council of Ministers, at an […]

Business Emerging Markets Europe Headlines International Morocco

Aeronautics: Sweden’s Trelleborg joins Morocco’s thriving aerospace eco-system

Sweden’s Trelleborg group has pledged to invest €11 million in its plant to be set up in Morocco’s aerospace industrial zone, located in Casablanca suburbs, which are housing facilities of major industry players such as Boeing, Airbus, Sabca, Safran, Eaton, Matis, Nexans, Thales, Pilatus Hexcel… The Swedish group joins the expanding ecosystem with its engineered […]

Headlines International Morocco

FIFA Futsal Men’s World Ranking: Morocco Stand in 6th Place

Morocco earned the 6th place in the first FIFA Futsal Men’s World Ranking after completing an unbeaten season with a stunning performance. According to FIFA, the rise of the North African team has been nothing short of meteoric. They defeated Kuwait 7-1 in the Arab Futsal Cup final, trounced Argentina 7-0 in a friendly, finished […]

Asia Headlines International Morocco

Preparations for upcoming Arab summit discussed by Bahraini, Moroccan Foreign Minister

Preparations for the upcoming Arab summit scheduled to be hosted by Bahrain this May were discussed at a meeting held in Rabat Tuesday between visiting Bahraini Foreign Minister Abdullatif bin Rashid Al Zayani and his Moroccan peer Nasser Bourita. Bahrain will host the 33rd Arab summit May 14 – 16. The Bahraini official’s visit to […]

Business Emerging Markets Headlines Morocco

Morocco expands legal cannabis cultivated area eightfold

Morocco increased eightfold the area cultivated with legal cannabis to 2078 hectares as the number of permits for investors grew to 161. Speaking to Asharq, head of the national agency for the regulation of the activities linked to cannabis, Mohamed Guerrouj, said these figures reflect the success of legalization among farmers and investors alike. “This […]

Emerging Markets Headlines Morocco

New study estimates Morocco earthquake damage at $300mln

A new assessment by the Policy Center for The New South put the material damage of Sept 8 earthquake at 3 billion dirhams ($300 million), accounting for nearly 0.2% of Morocco’s GDP. The quake which hit vast swathes in the High Atlas mountains killed 3000 people and damaged 59,674 buildings, of which 32% were destroyed […]

Africa Community Headlines International Tunisia

Tunisia deports African migrants to Algerian borders

Tunisia has intensified its crackdown on Sub-Saharan migrants abandoning scores on the borders with Algeria, which has been turning a blind eye to migrants’ crossing for years. Authorities have dismantled makeshift camps by migrants and took many to the borders with Algeria, the Tunisian forum for economic and social rights said. Tunisian elites are increasingly […]

Africa Business Energy Headlines International

Shell to divest its South Africa’s downstream business

Shell said it will ditch its downstream business in South Africa by divesting its shares in a local company, ending 120 years of operations there. “Shell has decided to reshape the downstream portfolio and intends to divest our shareholding in Shell Downstream SA (SDSA). Considering SDSA’s illustrious history, this decision was not taken lightly,” the […]