Africa Community Finance Headlines International

EAC nations to bolster their economies with bigger budgets for 2023/2024

East African Community (EAC) countries expect overall national government spending to rise in the upcoming financial year that starts on 1 July 2023 and ends on 30 June 2024. Finance ministers from Kenya, Rwanda, Tanzania, and Uganda are to present their annual 2023/2024 budgets under a common theme before their respective parliaments on Thursday June […]

Business Emerging Markets Headlines International Morocco

Aeronautics: Pratt and Whitney to build new facility in Morocco

Morocco has attracted a new heavyweight investor to its burgeoning aerospace ecosystem thanks to its political stability, geostrategic position, modern infrastructures, skilled manpower, tax incentives and free-market economy. On Tuesday, Pratt & Whitney, an American aerospace manufacturer with global service operations, announced at Paris airshow that it will build a facility in Casablanca to manufacture […]

Headlines Maghreb

Algeria: Journalist Ihsane El Kadi’s sentence increased to 7 years on appeal

Algerian journalist Ihsane El Kadi’s sentence has been increased to 7 years on appeal. Seven years in prison–with the possibility of release only after having served five of them–was the verdict handed down to Algerian journalist Ihsane El Kadi on Sunday. This marks the most severe sentence ever handed down to an Algerian journalist by […]

Business Europe Headlines International Maghreb Morocco

Morocco-EU Farming Agreement: Pro-polisario farmers’ union dismissed by French Justice

The Court of Tarascon issued a judgment condemning la Confédération Paysanne (Peasant Confederation), a French trade union organization used in the judicial harassment of the Morocco-EU farming agreement, which constitutes a new judicial setback for the “polisario” and its relays in France. This latest French judicial disallowance comes just a few weeks after the one […]

Africa Community Headlines International

World Refugee Day 2023: AU highlights African refugees facing perilous journeys

As the world commemorates the World Refugee Day this June 20, the African Union (AU) has reminded that the refugee problem continues to be a persistent challenge on the African continent due to complex factors, perhaps most notably conflicts and political instability affecting parts of Africa. Countries in the Middle East and North Africa region […]

Emerging Markets Finance Headlines Morocco

Morocco’s Central Bank keeps rates unchanged amid persisting inflation

Morocco’s Central Bank has decided to keep its key interest rates unchanged at 3 pc due to persistent inflation fueled by soaring food prices and the war in Ukraine which continues to affect global economy. The decision was made Tuesday by the Board of Bank Al Maghrib during its second quarterly meeting held to discuss […]

Americas Features Headlines International

El Salvador Views Morocco as Strategic Partner in Africa and Arab world

Vice President of El Salvador Félix Ulloa has affirmed that Morocco is a strategic partner of his country in Africa and the Arab world. In a statement to Diario El Salvador, Mr. Ulloa said Rabat and San Salvador are working continuously to consolidate the bonds of friendship and cooperation through the exchange visits, permanent consultations […]

Africa Community International

Uganda cuffs 20 suspected militiamen over horrific school massacre

Twenty people had been reported arrested by Ugandan police for suspected collaboration with the notorious militia group blamed for last Friday’s (16 June) horrific attack on a school near the border with Democratic Republic of Congo (DRC). Uganda reels from its deadliest attack in more than a decade after the Allied Democratic Forces (ADF), a […]

Africa Business Europe International

EU, Kenya announce ambitious trade deal as Brussels aims to boost Africa ties

The European Union and Kenya have announced the political conclusion of the negotiations for an ambitious Economic Partnership Agreement (EPA) that aims to boost trade in goods and create new economic opportunities, with targeted cooperation to enhance Kenya’s economic development. The negotiations were concluded during an official ceremony in Nairobi by European Commission Executive Vice-President […]

Business Egypt

Egypt sets up consulting firm for transport projects

The Egyptian Transport ministry signed on the 19th of June a Memorandum of Understanding (MoU) with an International/Egyptian alliance to set up a consulting firm that will provide consulting services in the fields of transportation projects. The Egyptian-French consortium comprises French Aegis Alliance, the International Consulting Company (Sestra) and Shaker Engineering Company. The new firm, […]