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Southern Africa hit by extreme drought, leaving some 20 millions facing hunger

The unprecedented drought that has enveloped large parts of southern Africa since late last year has impacted more than 6 million people in Zambia, 3 million of them children, nearly half of Malawi’s population and 30% of Zambia’s, United Nations Children’s Fund (UNICEF) has warned. The drought in Zimbabwe, Zambia and Malawi has now reached […]

Africa Headlines International

DRC’s east ‘at breaking point’ as M23’s advances worsen security, humanitarian crises

The security and humanitarian situation in the eastern Democratic Republic of the Congo (DRC) has further deteriorated, despite the recently held peaceful elections, as M23 rebels continue to expand its territory, the United Nations has warned. The armed group M23 “is making significant advances and expanding its territory to unprecedented levels,” Bintou Keita, the head […]

Africa Headlines International

Johannesburg, a city in decline under ANC rule

Once a model of urban development in Africa, Johannesburg has come to represent all that is wrong with urbanization in the continent due to the failure of the ruling party, ANC, to provide basic services and upgrade infrastructure. The city came to the spotlight of several international media outlets such as the Financial Times and […]

Africa Business Emerging Markets Headlines International

West African cocoa crisis sends chocolate prices up

Higher cocoa prices, due to catastrophic harvest in West Africa, triggered a surge of chocolate prices. About 60% of Cocoa, a key chocolate ingredient, is produced in West African powerhouses Ghana and Cote D’Ivoire, which both reported a sharp drop in output due to a devastating heatwave. Experts expect that chocolate prices would further rise […]

Africa Business Emerging Markets Headlines International

African countries to dominate ranking of world’s rapidly growing economies- UN agency

African countries are expected to post the highest growth rates this year globally, said the Economic Commission for Africa (ECA), a UN agency. Niger, Senegal, Côte d’Ivoire, DRC, and Rwanda are expected to be world’s top growth performers, according to an ECA report. Niger and Senegal, in particular, are expected start reaping the benefits of […]

Egypt Emerging Markets Finance Headlines

IMF gives go-ahead for $8 billion loan to Egypt

The IMF agreed to offer Egypt a loan worth 8 billion dollars under an Extended Fund Facility to support the country’s economic stability. Following its review, the IMF noted that Egypt’s recovery was slowed by rising global inflation, foreign exchange shortages, and elevated debt levels. Egypt is also struggling with new challenges such as the […]

Features Headlines Morocco

Morocco: Proposals for family code revision to be submitted to King’s appreciation

The members of the body in charge of revising the Family Code have presented proposals that will be submitted to the high appreciation of King Mohammed VI. The proposals were presented to the Head of Government, Aziz Akhannouch, at a meeting in Rabat on Saturday. In a statement to the media at the end of […]

Business Emerging Markets Headlines Morocco

S&P revises Morocco’s outlook to positive

Credit rating agency Standard & Poor’s revised Morocco’s outlook to positive BB+/B thanks to social, economic, and budgetary reforms. With the new rating, Morocco edges closer to retrieve its investment grade, lost during the Covid-19 pandemic. “Morocco’s economy has proven resilient in the face of multiple shocks over the past five years, and maintained access […]

Africa Community Headlines International

Famine looms over Sudan as conflict drags on

The Sudanese population is slipping to famine as infighting hits the country’s farm production capacity as well as imports. Nearly a year since fighting broke out between forces loyal to army chief Al Burhan and head of the Rapid Support Force (RSF), children are being reported to have died out of hunger while sick people […]

Africa Headlines International

Displacement in sub-Saharan Africa driven by conflict, violence, climate shocks — IOM report

Conflict and violence remained the main drivers of record internal displacement and movements of people in sub-Saharan Africa in 2022, exacerbated by increasing climate shocks and hazards, according to a new report by the International Organization for Migration (IOM). The report, launched recently by the IOM and the African Union Commission (AUC), highlights that migration […]