Africa Headlines International

Rwanda: Paul Kagame re-elected leader of ruling party

Rwandese Patriotic Front (RPF-Inkotanyi), the ruling party in Rwanda, re-elected Sunday country President Paul Kagame as its leader, ahead of the presidential polls to take place next year. An election at the party 16th congress gave Kagame overwhelming majority, with 2,999 votes, or 99.8% of the total votes, over his closest contender Abdulkarim Harelimana who […]

Energy Europe Headlines International Morocco

Morocco features in UK energy strategy plan as electricity supplier

The project consisting in shipping electricity from Morocco to the UK led by Xlinks has featured in the UK’ s government energy security plan, dubbed Powering UP Britain. The policy paper sets out interest in the Xlinks project, a proposed large scale onshore wind, solar and battery electricity generation site in Morocco that would exclusively […]

Emerging Markets Finance Headlines Morocco

S&P maintains Morocco’s rating at BB+/B with a stable outlook

Credit rating agency Standard & Poor’s Global Ratings has maintained Morocco’s sovereign credit rating at BB+/B with a “stable outlook”, attributed to the country’s ongoing structural reforms that will support robust economic growth. “The stable outlook on Morocco reflects our expectation that ongoing structural reforms will support robust economic growth and help counterbalance external and […]

Emerging Markets Energy Headlines Morocco

Renewable energies to account for 43% of Morocco’s installed capacity

Morocco is set to bolster the share of renewable energy in its installed capacity to 43% by the end of the year, from 41% currently with a view to increasing its consumption of renewable energies to 52% of the global total by 2030, said head of Morocco’s water and electricity utility Abderrahim El Hafidi. Speaking […]

Africa Americas Headlines International

U.S. Vice President wraps up visit to Africa, calls for strengthening democracy, closing digital gaps in continent

The U. S. vice president Kamala Harris ended on Saturday her weeklong Africa trip that led her to Ghana, Tanzania, and Zambia. If the influence of other foreign powers loomed over her trip, she tried to deepen and reframe U.S. relationships with the continent, highlighting major steps in that direction. “My visit has convinced me […]

Headlines Morocco

Morocco commemorates 64th anniversary of death of King Mohammed V, hero of Morocco’s independence struggle

Morocco commemorated, Saturday, 10th day of the holy month of Ramadan 1444 H, the 64th anniversary of the passing away of the Liberator of the Nation, late King Mohammed V. On this occasion, King Mohammed VI, Commander of the Faithful, accompanied by Crown Prince Moulay El Hassan, Prince Moulay Rachid, Prince Moulay Ahmed and Prince […]

Africa Headlines International Morocco

Morocco’s Royal Navy rescues 151 would-be migrants off Dakhla

Morocco’s Royal Navy coastguard, patrolling the southern waters, rescued, on Saturday, around 151 illegal migrants who were boarding a wooden boat. The migrants were about to drown off the city of Dakhla. The migrants, mostly sub-Saharans, were handed to the gendarmerie in the same city.

Africa Finance Headlines International

IMF loans Burkina Faso $80.7m to address global food crisis impact

The International Monetary Fund (IMF) has loaned Burkina Faso $80.7 million to help the West African country surf the impact of the global food crisis. “Food insecurity in Burkina Faso has increased significantly owing to deteriorating security conditions, which led to the displacement of about 2 million people; unfavorable climate events; supply-chain disruptions following the […]

Africa Europe Finance International

Zambia, Germany launch €3m program to reduce carbon emission

Zambia and Germany have launched a program worth 3 million euros aiming at reducing carbon emission and promoting sustainable development projects, reports say. Launched in capital Luzaka, the program is dubbed “Supporting Preparedness for Article 6 Cooperation” or SPAR6C, a program of the International Climate Initiative (IKI). IKI is an important part of the German […]

Africa Business Community Headlines International

AfCFTA free trade on track, but intra-Africa’s low trade pattern is worrisome

The African Continental Free Trade Area (AfCFTA) is on track, but more efforts are needed, experts say, as presently intra-Africa trade stands low at just 14.4% of total African exports. A low intra-continental, as well as global trade pattern by African countries, has mainly been attributed to a lack of adequate infrastructure, climate change, structural […]