Africa Business Emerging Markets Headlines International

Africa’s infrastructure investment has recovered, but is unevenly distributed

Commitments for Private Participation in Infrastructure (PPI) across 263 projects in Africa were worth $91.7 billion in 2022, a 23% increase from 2021, according to the World Bank’s latest data projection on investments, which demonstrates that infrastructure investments in low- and middle-income countries have started to recover. But in terms of “the total number of […]

Africa International

UN warns of humanitarian ‘catastrophe’ as over 800,000 may flee Sudan violence

More than 800,000 people may flee Sudan as a result of fierce fighting between rival generals, a UN senior official warned on Tuesday (2 May), as bloody clashes in the country intensified despite the latest truce. “Without a quick resolution of this crisis, we will continue to see more people forced to flee in search […]

Headlines International Morocco

Marrakech, Islamic World’ s Capital of Culture in 2024

The city of Marrakech has been picked as the capital of culture in the Islamic world in 2024 for the Arab region. The announcement was made, Monday, at the closing activities of the celebration of Rabat, capital of culture in the Islamic world 2022, an event organized by ICESCO for a whole year. The closing […]

Africa Community Headlines International

World Press Freedom Day: African journalists threatened by security risks, misinformation & online violence

Safety, misinformation and online violence are the most critical threats facing African journalists today, analysts say on the occasion of World Press Freedom Day that is celebrated every 3 May. Year 2023 marks 30 years since a United Nations’ General Assembly decision to proclaim an international day for press freedom. This year’s theme for the […]

Business Energy Europe Headlines International Morocco

Chariot, Vivo Energy team up in Morocco gas-to-industry project

Chariot, a UK company that found gas offshore northern Morocco, and fuel distributor Vivo Energy agreed to work together to distribute natural gas to industrial customers in Morocco. “This agreement confirms the priority given by Chariot to the Moroccan energy market, expands upon our other existing sales negotiations around future offtakes for the gas from […]

Africa Headlines International Morocco

Morocco repatriates 572 people from war-torn Sudan

Morocco has evacuated 572 nationals trapped in the infighting in Sudan after it has established an airbridge upon instructions of King Mohammed VI, Morocco’s foreign ministry said. On May 2, the fourth RAM airlines flight arrived in Casablanca airport carrying 125 people relieved to leave the infighting plaguing Sudan. The evacuated passengers include nationals from […]

Africa Business Finance Headlines International

New payment methods, incl. BNPL, in Africa set to continue with strong growth

The global daily value of mobile money transactions in 2022 surpassed forecasts to hit $3.45 trillion, according to a latest mobile money industry report, while in East Africa, the number of transactions grew by 18%. The report by Global Systems for Mobile Communications Association (GSMA) also shows that in 2022 the total value transacted on […]

Egypt Features Headlines

Egypt sets journalists free from pretrial detention

Egyptian authorities released Monday Al-Jazeera journalist, Hesham Abdel Aziz, and journalist Raouf Ebeid from pretrial detention, reports say. Abdel Aziz, a journalist at Al Jazeera Mubasher, was arrested on 20 June 2019 at Cairo International Airport. He was later accused of belonging to a banned group, and remained in custody until December 2019. Aziz’s health […]

Business Finance Headlines Tunisia

Negotiations with IFM ongoing – Tunisia’s Social Affairs Minister

Malek Ezzahi, Tunisia’s Social Affairs Minister, indicated Monday that talks between the North African country and the International Monetary Fund (IMF) are still ongoing. The North African country, according to the Minister, has been in several months of negotiations for a $1.9 billion loan from the Washington-based institution to supplement the national budget facing a […]

Africa Features Headlines International

Burkina Faso, Guinea ink 22 agreements spanning several areas

Burkina Faso and Guinea have signed 22 agreements in several areas including security and defense, Anadolu news agency reports. The agreements were signed during the Joint Cooperation Commission held over the week-end, the agency notes, citing a report of the meeting. The report reveals that the agreements cover areas including crafts, air services, transport and […]