Africa Business Headlines International Maghreb Morocco

Guinea: Morocco‘s Autonomy Plan, the “ONLY Credible and Realistic” Solution to Sahara Issue

Guinea has reaffirmed its unwavering support for Morocco’s autonomy plan offered for the Sahara under its sovereignty, saying the plan is the “only credible and realistic solution” to the Sahara regional conflict. In a joint statement issued Monday following the 7th meeting of the Moroccan-Guinean Cooperation Commission convened in Dakhla, Guinea’s Foreign minister Morissanda Kouyaté […]

Emerging Markets Europe Headlines International Morocco

Spanish PM hails as ‘Strategic’ partnership with Morocco

President of the Spanish Government Pedro Sánchez has reaffirmed the “solid ties” existing between Rabat and Madrid, and hailed the “dynamic cooperation” and “strategic partnership” between the two kingdoms. “In the context of Spain’s foreign policy, we have strong ties with Morocco of all kinds, but above all human ties created by our citizens and […]

Business Emerging Markets Energy Finance Headlines International Morocco

MENA: Morocco in top five states generating electricity from solar power; third developing country attracting most investments in green energy

Morocco is one of the top five nations in the Middle East and North Africa that produce the most electricity from solar energy, according to a survey by the Emirati Energy platform, and according to the Global Investment for 2023 report published lately by the United Nations, the kingdom ranks among the top ten developing […]

Emerging Markets Headlines Morocco

Seawater desalination: OCP to help improve drinking water supply for Safi, El Jadida regions

Morocco’s phosphate & fertilizer giant OCP has renewed its determination to help improve drinking water supply in the country through the signing of a new memorandum of understanding as well as a concession contract with the government under which the two sides will cooperate to provide potable water through desalination of seawater to Safi and […]

Africa Community Headlines International

Sudan: UN warns of impending ‘full-scale civil war’ as air strike kills dozens

Conflict-torn Sudan is edging ever closer to a “full-scale civil war” that could destabilize the entire region, UN Secretary-General Antonio Guterres has warned, condemning an air strike that killed at least two dozen civilians and widespread violence in Darfur. The United Nations chief made his assessment in a statement on Sunday after the air strike […]

Egypt Finance

Egypt’s CIB receives $250 million loans from IFC for multiple purposes including green projects

Egyptian private Commercial International Bank (CIB) indicated Sunday it received $250 million from the International Financial Corporation (IFC) in form of multiple loans to be used to support its capital and fund green projects. The first loan has a value of $150 million and a 10-year term, including $90 million for the refinancing of outstanding […]

Africa Headlines International

Gabon:President Ali Bongo to seek third term in August elections

Gabon’s President Ali Bongo Ondimba, who has been in power for almost 14 years, said on Sunday (9 July) that he would seek a third term in the elections scheduled for 26 August. “I officially announce today that I am a candidate,” Ondimba told a crowd of supporters in a speech broadcast live on his […]

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Côte d’Ivoire sets up Court to sue people involved in road accidents

Côte d’Ivoire has set up for the first time a Court to sue people involved in road accidents as authorities strive to cut down on road accidents. The court, referred to as “Tribunal de simple police” was established on Friday July 7 within Abidjan-Plateau Court of first instance. The Tribunal for its inauguration addressed two […]

Emerging Markets Europe Headlines International Morocco

“The M6 Code” or King Mohammed VI’s mark – French weekly

Under the eloquent title “Le Code M6”, the French weekly Le Nouvel Economiste has published a dossier on Morocco, in which it asserts that “since he came to power in 1999, Mohamed VI has left his mark”, the Kingdom now being “considered one of the most dynamic economies in the North African region.” The country […]