Africa Business Emerging Markets Headlines International

Somalia officially joins East African Community

Somalia has finished the process of becoming a fully-fledged member of the East African Community (EAC) after it has ratified the accession treaty to an economic bloc that has some of Africa’s rapidly growing economies. Somalia joined Kenya, Tanzania, Uganda, the Democratic Republic of Congo, Burundi, Rwanda, and South Sudan, as part of the exclusive […]

Business Egypt Finance Headlines

Saudi, Qatari investors may follow UAE in ‘buying up’ Egypt’s coastline

Only days after the announced $35 billion deal with the UAE for the development of Ras al-Hekma on its Mediterranean coast, Egypt is reportedly also targeting investors from Qatar and Saudi Arabia offering them prime Red Sea coastal land in Ras al-Ghamila in South Sinai for sale as part of Cairo’s attempt to inject cash […]

Africa Headlines International

UK govt. faces five defeats in House of Lords over its Rwanda asylum deal

The UK government’s proposal to designate Rwanda as a safe asylum destination was rejected in The House of Lords on Monday (4 March) after the upper chamber passed no less than five amendments to the draft text, challenging Rwanda’s safety status. The failure of the bill is yet another in a string of bad news […]

Emerging Markets Headlines International Morocco

UNGA: Morocco’s Ambassador to Co-facilitate 2025 World Social Summit

The President of the United Nations General Assembly, Dennis Francis, has designated Morocco’s Ambassador to the United Nations, Omar Hilale, to co-facilitate the UN negotiation process relating to the modalities and the Political Declaration of the World Social Summit dubbed “Second World Summit for Social Development” which will take place in 2025. Hilale will conduct […]

Business Emerging Markets Europe Headlines International Morocco

Spain interested in Morocco’s rail projects offering huge opportunities to investors

Spain, which is one of Morocco’s key economic & political strategic partners, looks forward to the railway projects launched by the North African Kingdom to meet growing demand. “Morocco has just launched projects to develop its rail network and Spain is ready to contribute to these projects”, said Spanish Transport minister Oscar Puente Santiago following […]

Algeria Headlines Maghreb Morocco

Geneva-based NGO alerts to legal anarchy in Tindouf Camps

A Geneva-based NGO has alerted to the legal anarchy prevailing in the Tindouf camps in Southwestern Algeria, where thousands of sahrawis live in dire conditions in tents or mud houses and depend mainly on international aid. The NGO, “Promotion du Développement Économique et Social” (PDES), pointed out in its statement at the General Debate on […]

Africa Asia Headlines International

Sudan rejects Iranian offer to build naval base – media

Sudan reportedly rejected an Iranian offer to build a naval base in its coasts in exchange for a helicopter carrier, media reports said. Sudan rejected the offer for fear of Western retribution at a time Iran-backed Houthis wreak havoc to international trade on the Red sea, The Wall Street Journal reported. In seeking a permanent […]

Americas Columns Community Headlines International Morocco

Moroccan Rabha El Haymar receives U.S. International Women of Courage Award

Moroccan Rabha El Haymar has been awarded US International Women of Courage Award 2024 for her successful efforts made to gain recognition of her traditional marriage to spare her daughter a life of marginalization and discrimination as an undocumented child. Ms. Rabha has navigated her country’s legal system thanks to a recourse provided by Morocco’s […]

Africa Business Emerging Markets Headlines International Morocco

Morocco’s Managem to raise capital to finance expansion plans

Morocco’s biggest mining company Managem plans to raise 3 billion dirhams (300 million dollars) to finance its expansion plans in Morocco and Africa. The company said the capital increase will take place between March 14 and April 2 as it braces to start production at a gold project in West Africa known as Tri-K, with […]

Africa Headlines International

South Africa economy edges on recession in Q4

The mining sector has helped the South African economy avoid recession with a growth of 0.1% in the fourth quarter. The rate is not enough to create jobs for the millions of the unemployed in the country which braces for elections in May. The key mining industry recorded a 2.4 percent increase in output helped […]