Europe Headlines International Morocco

Monaco: Morocco’s Princess Lalla Hasnaa Meets Prince Albert II & Visits Oceanographic Museum

Moroccan Princess Lalla Hasnaa, President of Mohammed VI Foundation for Environmental Protection and Patron of UN Decade of Ocean Science for Sustainable Development (Ocean Decade) was received Wednesday at the Princely Palace of Monaco by Prince Albert II. The meeting comes after the Princess’ speech to the third edition of the “Ocean Decade Foundations Dialogue”, […]

Africa Business Europe Finance International

Congo slams Societe Generale’s sale of its local branch to Vista Group

Authorities of Congo Brazzaville have rejected Societe Generale’s sale of its country subsidiary to Vista Group because the bank did not give it a right of first refusal, and wields legal action, Reuters reports. The Finance ministry of the central African country in a statement indicated that it was surprised by the announcement by SocGen […]

Africa Energy International

Nigeria regains Africa’s top crude oil producer spot in May 2023 — OPEC report

Nigeria has regained its position as Africa’s top crude oil producer for May 2023, according to the latest report published by the Organization of Petroleum Exporting Countries (OPEC), that also attributes the slow growth of the country’s economy by 2.4% year-on-year in the first quarter of 2023 to certain factors including a decline in crude […]

Africa Americas Finance International

US-Africa Leaders Summit: evaluating progress made six months on

US special presidential representative has reassured that the global superpower remained committed to maintaining strong trade ties with the African continent, something the Biden administration believed faltered with Trump’s presidency. The special presidential representative for the United States-Africa Leaders Summit, Johnnie Carson, made these comments Tuesday (13 June) as a way to reassure America’s African […]

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Study finds anti-French sentiment spreading in Francophone Africa, IFRI

The head of Mali’s military junta and the Russian leader were reported to have discussed on the phone security and economic relations between the two countries, just as a new report has highlighted the growing anti-French sentiments in French-speaking Africa that has spread beyond educated urban elites, arguing that the phenomenon could “take lasting root. […]

Business Columns Emerging Markets Europe Headlines International Morocco

Morocco’s employers’ federation put off visit by French counterpart as crisis worsens

Morocco’s federation of Moroccan employers (CGEM) asked its French counterpart Medef to put off a visit by its president to Morocco due to the unpropitious context marked by a widening crisis between Rabat and Paris. The news was relayed by Moroccan outlets including le360 which said that CGEM chief Chakib Alj asked his French counterpart […]

Africa Columns Features Headlines International Opinions

Africa needs to move from being rule-taker to be rule-maker in changing world order — ECFR

As the post-1945 multilateral system and the Pax Americana that underpinned it is in the throes of tremendous change, African countries need to take every opportunity to redefine their role in the emerging new world order, says a recent commentary published by the European Council on Foreign Relations (ECFR). “African countries have long been discontent […]

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Ghana dethrones South Africa to become Africa’s top gold producer

Ghana has reclaimed its top position as Africa’s premier gold producer, surpassing South Africa, after large-scale mining companies in the West African country increased gold production from 2.2 million ounces in 2012 to 3.08 million ounces last year. After a temporary setback in 2021 due to a sharp decline in output, Ghana has reclaimed its […]

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US to ponder ‘next way forward’ on Sudan, as generals choose fighting over talks

The United States is increasingly frustrated that Sudan’s warring factions are not taking advantage of talks initiated by Washington and Riyadh aiming to reach a permanent ceasefire as they originally agreed, according to US State Department sources. Therefore, U.S . will decide in the coming days with its partners how to proceed on mediation, a […]

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Africa’s human capital, cities and services to rekindle continent’s economies — MGI report

African governments will need to ramp up investments in digitization, infrastructure, service industry and also to develop talent, and to foster regional collaboration, as a way to improve and increase the productivity of all sectors, which will in turn power Africa’s economic growth going forward, according to a new report by the McKinsey Global Institute […]