Emerging Markets Finance Headlines Morocco

Teachers’ wage hike to cost government $900 million

The Moroccan government will have to spend 900 million dollars (9 billion dirhams) in 2024 and 2025 on the new deal struck with teachers to end their long strike, education minister Chakib Benmousa said. After negotiations with teachers’ unions, the government had agreed to a wage hike of 1500 dirhams and an increase in other […]

Culture Headlines Lifestyle Morocco

Africa-Football: Morocco Wins 5 CAF Awards 2023, Best-ever Tally

Morocco has won most of the 2023 Awards of the Confederation of African Football (CAF) rewarding the best African teams, coaches and players for their outstanding achievements and performance. In a ceremony held Monday in Marrakesh, Moroccan football team won the best men’s team award for their stunning performance at Qatar World Cup 2022. The […]

Emerging Markets Europe Headlines International Morocco

Frontex Chief calls Morocco ‘strategic’ partner in countering cross-border crime

The Executive Director of the European Agency for the Management of Operational Cooperation at the External Borders (Frontex), Hans Leijtens, emphasized Morocco’s pivotal role as a strategic partner in countering cross-border crime. “Morocco is one of our strategic partners, and it’s evident that we need each other in cooperation to fight cross-border crime [and] to […]

Africa Emerging Markets Finance Headlines International

AfDB loans Côte d’Ivoire €165m to finance key programs of country’s National Development Plan 2021-2025

The African Development Bank (AfDB) announced Monday the approval by its board of directors of two loans valued at €165 million earmarked for the implementation of the Diversification, Industrial Acceleration, Competitiveness and Employment (DAICE) Program, an important aspect of the country’s National Development Plan 2021-2025. The first loan is worth €120 million and the second […]

Headlines Libya Tunisia

Tunisia under scrutiny for expelling thousands of migrants to Libya, Algeria

Tunisia has found itself in the eye of the storm after French news agency AFP, citing international humanitarian organizations revealed that the North African country expelled at least 5,500 immigrants towards the border with Libya, and 3,000 others toward the border with Algeria since last June. The AFP report is the most recent accusation against […]

Africa Headlines International

War in Sudan: warring generals agree to ‘face-to-face’ meeting as UN warns of ‘catastrophe’

A grouping of eight East African countries, IGAD, has said both Sudan’s warring generals agreed to hold a face-to-face meeting as part of efforts to implement a cease-fire and initiate political dialogue to end the country’s devastating war. In a meeting of the leaders of the Inter-Governmental Authority on Development (IGAD) held in Djibouti, the […]

Finance Headlines Mauritania

World Bank, Mauritania ink soft loan agreements worth $85m to finance multiple projects

Mauritania and World Bank signed Monday in Nouakchott two soft loan agreements worth $85 million for the financing of two projects. The first deal is about additional funding for the project to support decentralization and the development of intermediate towns (Moudoun Project), to the tune of $25 million. The project seeks to improve access to […]

Business Egypt

Egypt expands ban on onion exports till end March 2024

Egypt’s Premier Mostafa Madbouly prolonged Monday until March 30, 2024, the ban on onion exports in place since October as part of efforts to control soaring prices of the commodity. Madbouly announced the decision during a meeting with relevant ministers as they tried to monitor the sufficient availability and affordability of various commodities in markets […]

Asia Business Finance Headlines International

China’s plans to boost renminbi use in Africa face serious headwinds — CEIP study

While China has announced plans to boost the use of the Chinese currency renminbi in Southern Africa, part of Beijing’s efforts to diminish use of the dollar, a new study by Carnegie Endowment for International Peace (CEIP) highlights a number of major obstacles that stand in the way of BRICS’ de-dollarization efforts. In a visit […]

Africa Headlines International

At ECOWAS summit, West African leaders set terms for lifting Niger sanctions

At a recent summit of the Economic Community of West African States (ECOWAS), regional leaders decided to keep sanctions imposed on Niger after a July military coup and said they would need to see progress towards a transition to civilian rule before easing the measures. The West African leaders met Sunday (10 December) for a […]