Africa Business Finance Headlines International

Sub-Saharan Africa hit hard by funding squeeze, IMF warns

Sub-Saharan Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, has driven up borrowing costs, weakened regional currencies and cut countries’ access to international capital markets, the International Monetary Fund (IMF) has warned. This “big funding squeeze”, which is the most serious issue facing sub-Saharan Africa, is […]

Africa Headlines International

Gulf of Guinea coastal states talk military cooperation in face of Sahel jihadi violence

Leaders of Rwanda and Benin have met over the weekend to discuss ways of containing a potential spillover from an Islamist militant insurgency that has been gaining ground in neighboring Burkina Faso. Along with Benin, three other West Africa coastal nations — Ghana, Côte d’Ivoire and Togo — have suffered attacks in border areas blamed […]

Egypt

Zamalek Sporting Club’s boss Mortada Mansour removed from board

The Egyptian administrative judiciary has ruled for Mortada Mansour to be removed as chairman of the country’s second most popular football club Zamalek, the ministry of Youth and Sports has indicated. Mohamed el-Shazly, spokesman for the ministry said that the court has ruled for the move and is expected to inform officially the ministry this […]

Africa International

Burkina Faso: two terrorist attacks leave dozens of security forces dead

Unidentified gunmen have killed at least 40 people and wounded 33 others in two attacks on the army and volunteer defense forces in northern Burkina Faso only days after its military government had declared a “general mobilization” to help the state deal with mounting jihadi attacks. The Burkinabe army said in a statement that “the […]

Headlines Morocco

Morocco’s King commemorates Laylat al-Qadr in Casablanca

King Mohammed VI, Commander of the Faithful, accompanied by Crown Prince Moulay El Hassan, Prince Moulay Rachid and Prince Moulay Ismail, chaired on Monday evening at the Hassan II Mosque in Casablanca, a religious ceremony in commemoration of the blessed Laylat Al-Qadr. After the prayers of al-Icha and Tarawih, verses of the Holy Quran were […]

Business Emerging Markets Europe Headlines International Morocco

Two UK companies to build mega-algae production plant in Morocco

Brilliant Planet, an emerging leader in nature-based carbon dioxide removal (CDR) and Mott MacDonald, the global engineering, development & management consultancy, will build in Morocco the largest algae production facility in the world. The announcement was made Friday by the two UK companies in a joint press release. The Moroccan plant will be commissioned in […]

Africa Columns Community Emerging Markets Headlines International Maghreb Morocco Opinions

Morocco becomes representative of Arab Maghreb Union at African Union, another blow to Algeria

Morocco has gained an important post within the African Union, dealing a hard blow to the Algerian regime which has lost regional and international lust, becoming just an empty shell. Moroccan diplomat Amina Selmane has presented lately to AU Commission chairperson Moussa Faki Mahamat her credentials as the Permanent Representative of the Arab Maghreb Union […]

Africa Americas Emerging Markets Headlines International Morocco

African Lion 2023, final planning meeting held in Agadir

The final planning meeting of the exercise “African Lion 2023” was held at the level of the South Zone Staff in Agadir from this April 12 to 16. During the meeting, held at the instructions of the King, Supreme Commander and Chief of General Staff of the Royal Armed Forces (FAR), representatives of the FAR […]

Africa International

Paul Kagame visits Guinea Conakry to bolster ties

Rwandan President Paul Kagame arrived Monday in Guinea Conakry in view of bolstering ties with the West African country ruled by a Junta. The visit follows that he made to Benin where he met with President Patrice Talon. Ousmane Gaoual Diallo, spokesman of the Guinean government said the visit is in line with South-South cooperation. […]

Asia Columns Headlines International Opinions

Saudi Arabia snubs Algeria’s Arab League rotating presidency

Saudi Arabia has not invited Algeria, which holds the rotating presidency of the Arab League, to a meeting bringing together nine Arab states to discuss Syria’s return to the league. The Algerian regime mouthpiece said “Algeria does not understand Saudi Arabia’s decision,” adding that leaving Algeria uninvited was a “double slap”. The Algerian military junta, […]