Africa Finance Headlines International

Burkina Faso increases defense budget by nearly 50 per cent for 2023

Burkina Faso authorities have budgeted $1.09 billion for defense expenditure this year, an increase of 49.43 per cent compared to last year, to address security concerns caused by terrorism activities. The West African country has been grappling with insecurity caused by terrorists and a political instability. The central government has lost around 40 per cent […]

Africa Headlines International

Paul Kagame reveals plans to retire

Rwanda’s longtime leader Paul Kagame announced Wednesday discussion within ruling party to find his successor as man who has been lately re-elected as chair of the party in power says his retirement as inevitable. The 65-year old strongman who has been leading the eastern African country for 23 years made the announcement during a joint […]

Headlines Morocco

Morocco’s King inaugurates psychosocial rehab Center in Casablanca

King Mohammed VI on Wednesday inaugurated the Psychosocial Rehabilitation Center as part of Casablanca’s Ibn Rochd University Hospital. This project, carried out by Mohammed V Foundation for Solidarity, illustrates, once again, the special interest the Sovereign takes in the promotion of the health sector in Morocco. The King took the opportunity to visit various departments […]

Business Emerging Markets Energy Features Headlines

Electric Vehicles: LG Energy Solution Chooses Morocco to Secure Lithium Supplies

Morocco’s gigafactory ecosystem is taking form. South Korean LG Energy Solution Ltd, the world’s 2nd-largest battery maker for electric vehicles, turned to Morocco to secure lithium supplies through an association with Chinese Yahua. On Wednesday, LG Energy Solution Company signed a Memorandum of Understanding with lithium compound manufacturer Yahua to produce lithium hydroxide in the […]

Blogs Community Features Headlines Morocco

Rabat Decries Israeli Police Raid on Al Aqsa Mosque

The Moroccan Government has strongly condemned the Israeli forces raid on Al Aqsa Mosque, third holiest site in Islam, denouncing the violent attack of worshippers during the holy month of Ramadan. Morocco, whose King Mohammed VI chairs Al Quds Committee, stresses the need for the respect the legal, religious and historical status of Al Quds […]

Africa Finance Headlines International Morocco

Morocco calls for securing financial independence of AU

Morocco insisted, Wednesday in Addis Ababa, before the first meeting of the Permanent Representatives Committee of the African Union (PRC) under Comorian chairmanship, on the need to secure the financial independence of the pan-African organization, whose budget currently dependents on foreign partners. Morocco’s Permanent Representative to the AU and UNECA, Mohamed Arrouchi, who was speaking […]

Africa Business Emerging Markets Features Headlines International

WTM Africa 2023 shows optimism over continent’s tourism sector prospects

Africa’s travel market is open again and experiencing a boom, despite the serious damage the industry sustained due to the Covid-19 pandemic — this is a sentiment expressed by an estimated 600 exhibitors at the World Travel Market (WTM) Africa, the continent’s biggest and most important travel and tourism event that has officially opened its […]

Business Emerging Markets Features Headlines

ECOWAS, EU, FAO join forces to boost fishery production across West Africa

The Economic Community of West African States (ECOWAS) has teamed up with the European Union and the Food and Agriculture Organisation (FAO) with the aim to boost fishery production across the West Africa region. The ECOWAS has recently convened more than 100 experts in a meeting tagged ‘Improved Regional Fisheries Governance in Western Africa (PESCAO)’ […]

Comments Community Features Headlines

Sahel is becoming ‘immensely dangerous’ ‘no-go area’ for journalists, RSF warns

Reporters Without Borders fears reporting in Africa’s Sahel region will soon be ‘mission impossible’, as the international NGO reveals in its latest report published on Monday (3 April) where it describes a deterioration in the working conditions of journalists. Local and international media are caught between jihadist threats and pressure from the authorities, as was […]

Africa Business Egypt Headlines International

Cairo to host IATF2023 in November

Egypt’s capital Cairo will host the third edition of Intra-African Trade Fair (IATF2023) in November. “The exhibition represents a unique opportunity to bring together African companies and make deals to achieve commercial, industrial and investment integration in the Black continent”, Egypt’s Minister of Trade and Industry Ahmed Samir said during a coordination meeting with a […]