Americas Emerging Markets Headlines International Morocco

Ways to strengthen strategic relationship between Morocco and USA reviewed in Rabat

Ways to strengthen the strategic relationship existing between Morocco and the United States were reviewed at a meeting in Rabat this Monday Head of Government, Aziz Akhannouch, and a six-member delegation of US Congressmen representing both the Republican and Democratic parties. During the meeting, the two parties surveyed the various aspects of multi-sector bilateral cooperation, […]

Business Emerging Markets Europe Headlines International Morocco

Efret company launches road freight service between Morocco and UK to support growing trade

Efret logistics Company has launched lately a road freight service from the UK to Morocco, a politically stable and business-friendly country increasingly looking to new markets to promote growth. The expansion of the Moroccan economy is creating new opportunities for UK firms. Last year, UK’s exports to the North African Kingdom reached £1.4 billion which […]

Algeria Headlines

Algeria’s Tebboune shortens his term without explaining

Few days after the Algerien presidency announced elections on September 7 instead of December, neither President Tebboune nor any Algerian official gave an explanation why the vote would take place before the end of the current mandate. Tebboune has not taken the effort of giving a public address to tell his people why he decided […]

Africa Headlines International

Chad’s court approves Déby and other 9 candidates, bars his key opponents from presidential vote

Chad’s authorities have announced they had cleared 10 candidates, including the country’s interim president and the recently-appointed prime minister, for the long-awaited elections scheduled for 6 May, while barring two fierce opponents of the military regime from standing. Chad’s Constitutional Court said Sunday (24 March) the applications of outspoken opponents Nassour Ibrahim Neguy Koursami and […]

Africa Headlines International

Senegal: celebration erupts as opposition candidate Faye nears victory in presidential vote

Senegal’s leading opposition candidate Bassirou Diomaye Faye on Monday (25 March) appeared to be reaching victory in the country’s delayed presidential election, as people have already taken to the streets in celebration of the end of incumbent President Macky Sall’s administration. The 44-year-old opposition candidate and tax inspector Bassirou Diomaye Faye appears to be reaching […]

Energy Headlines International Morocco

Saudi Acwa Power reports new breakdown in Noor Ouarzazate solar plant

Saudi renewable energy company, Acwa Power, said a new breakdown will leave a solar plant in Noor Ouarzazate project idle until November 2024, totaling losses estimated at 47 million dollars. The breakdown was due to a storage problem, it said in a statement on the Saudi Stock Exchange, adding that it was planning to build […]

Africa Headlines International

South Africa: Parliament Speaker takes leave to evade corruption probe

South African parliament Speaker asked for a special leave to avoid arrest after her home was raided as part of a corruption probe. Her case highlights rampant corruption within the ruling ANC elites as the country braces for presidential elections in two months, amid failing public services such as electricity and water supply. Nosiviwe Mapisa-Nqakula, […]

Africa Finance Headlines International

Ethiopia’s CBE in quest to retrieve $40 mln withdrawn during glitch

The Commercial Bank of Ethiopia (CBE), the biggest lender in the country, issued a deadline, asking people who have withdrawn or transferred money from the bank during the technical glitch to return the funds or face prosecution. Up to 40 million dollars have been withdrawn during the technical failure that took several hours to repair […]

Europe Finance Headlines International Tunisia

EU to offer Tunisia about €165 million to curb migration

The EU plans an aid of up to €164.5 over three years to help Tunisia stop migrants from crossing to Europe, the Financial Times reported. The EU funding will be invested in a training academy for the country’s national maritime guard, implemented with German federal police, it said. The funds will also help equip the […]

Algeria Columns Headlines

Algeria braces for presidential elections on Sept 7

The Algerian presidency said presidential elections will be held on September 7, the second vote after the country’s 2019 pro-democracy Hirak that failed to remove the military junta. Abdelmedjid Tebboune is expected to run for a second term. Though his candidacy has not been announced yet. The election will take place at a context of […]