Africa Business Emerging Markets Features Headlines International

China’s investment in Tanzania soars, as trade relationship with Nigeria takes dip

China’s investment in Tanzania has hit a record $1.8 billion since President Xi Jinping’s visit in the East African country 10 years ago, while bilateral trade between China and Nigeria has taken dip by about a third in 2022 compared to 2021. China’s direct investment stock in Tanzania is 2.5 times that of 2012, according […]

Business Finance

African govts seek robust crypto regulation, market stability

Home to the second most crypto-currency holders in the world, Africa is in urgent need for greater consumer protection and regulation of the crypto industry, experts say, which has been highlighted by the collapse of the world’s third largest crypto exchange FTX and subsequent plunge in the prices of major crypto assets, most notably Bitcoin. […]

Africa International

In Ghana, US VP Harris promises to boost ties, investment for Africa

US Vice President Kamala Harris arrived Sunday (26 March) in Ghana for the start of a weeklong visit to Africa intended to deepen her country’s relationships amid global competition over the continent’s future. “I’m very excited about the future of Africa,” Harris said and added that she wanted to promote economic growth and food security […]

Headlines Morocco Portrait

Morocco’s Khadija El Mardi crowned boxing world champion

Moroccan boxer Khadija El Mardi won the gold medal on Sunday in New Delhi, India, during the Women’s World Amateur Boxing Championships. The national champion El Mardi, who competed in the heavyweight division (Over 81kgs), won the women’s world boxing championship by defeating the Kazakh Kungeibayeva Lazzat. El Mardi has achieved a number of victories […]

Americas Headlines International Morocco

Football: Morocco-Brazil (2-1) victory in a friendly, 1st Arab win over Selecao

The Atlas Lions, the semi-finalist in Qatar’s World Cup 2022, continue to rewrite football history. On Saturday, Morocco defeated Brazil 2-1 in a friendly match played in Tangiers, becoming the first ever Arab team to defeat the five-time world champions. The Midfielder Sofiane Boufal opened the score in the 29th minute with spinning move in […]

Culture Europe Headlines International Morocco

Morocco condemns burning of Quran in Copenhagen

Morocco has condemned in the strongest terms the burning of a copy of the Holy Quran in the Danish capital of Copenhagen in front of the police. “Although this heinous act was committed in front of the diplomatic representation of another Muslim country, the Kingdom of Morocco considers it a provocative act that also concerns […]

Americas Columns Finance Headlines International Opinions Tunisia

US urges Tunisia to reach deal with IMF to avoid collapse

US Secretary of State Antony Blinken urged Tunisia to speed up efforts in order to reach a deal with the International Monetary Fund that would spare it economic collapse. “The most critical thing they can do on the economic side is actually get an IMF agreement,” Blinken said at a senate hearing in a statement […]

Africa Business Emerging Markets Headlines International Morocco

Morocco resumes tomatoes exports

Morocco resumed the exports of tomatoes capped at 1000 tons daily, professionals said, after a ban that lasted weeks. Morocco had banned exports of tomatoes to African markets and reduced shipments to Europe after prices surged to unprecedented levels. The government spokesman Mustapha Baitas had said that the measures were aimed at reducing prices in […]

Africa Business Emerging Markets Headlines International

Soaring fertilizer prices hit African small-scale farmers, deepening food crisis

Rapidly rising fertilizer prices are forcing farmers to reduce output and the world’s poorest continent is expected to be hardest hit, with Angola, Malawi and Zimbabwe most at risk in the Southern African region, according to Food and Agriculture Organisation (FAO). Sanctions on entities within major fertilizer exporter Russia after the invasion of Ukraine and […]

Africa Asia Business Emerging Markets Finance Headlines International

Burking Faso proposes establishing joint Russia-Africa bank to promote trade

Africa should aim at creating a joint bank with Russia to facilitate financial transactions between both sides and promote trade, according to one of Burkina Faso’s leading political figures. “I think that when it comes to strengthening cooperation with Russia in key areas of the economy, it is very important that we explore the possibility […]