Africa Business Emerging Markets International

Extended Ukraine Black Sea grain export deal to help ease hunger across Africa

The extension of the UN-brokered Black Sea Grain Initiative and, in turn, the newly-arrived wheat imports from Ukraine could help ease hunger in drought-stricken areas in Africa and bring down high food prices, according to Kenyan economists. Earlier in the week, 30,000 tons of wheat arrived in Kenya under the Black Sea Grain Initiative, in […]

Africa Americas International

VP Harris starts visits to three African countries Sunday in latest US outreach

US Vice President Kamala Harris will become the highest-ranking Biden administration official to visit Africa when she begins a tour of Ghana, Tanzania and Zambia on Sunday. Harris will focus on strengthening partnerships, security and economic prosperity, her office said, with analysts adding that her mere presence – as the first female vice president who […]

Community Headlines Morocco

Morocco: King Mohammed VI launches solidarity operation “Ramadan 1444” to benefit nearly 5 Million people

King Mohammed VI, accompanied by Crown Prince Moulay El Hassan, launched on Friday in Salé, Rabat’s twin city, the national solidarity operation “Ramadan 1444”, initiated by the Mohammed V Foundation for Solidarity on the occasion of the holy month of Ramadan. This year’s solidarity operation will benefit nearly one million households or 5 million people, […]

Emerging Markets Headlines Morocco

UN: Morocco showcases its sustainable & resilient water strategy

Morocco, under the leadership of King Mohammed VI, has been able to meet its water needs thanks to 152 large dams with a storage capacity of over 19 billion m3 and 136 other small dams, providing water for irrigation and strengthening the country’s water supplies. These figures have been unveiled at the United Nations in […]

Columns Headlines Maghreb Morocco Opinions

President Tebboune shows inconsistency of Algeria’s foreign policy

The Algerian president has been uttering contradictory comments since he took office showing the inconsistency of his country’s military regime as far as foreign policy is concerned. He rejects mediation in a conflict his country has created with Morocco, while seeking a role in resolving issues as far as the black sea or the Sahel! […]

Columns Finance Headlines Morocco Opinions

Moroccan government, central bank at odds over inflation

Morocco’s central bank and the Moroccan government are pursuing policies that are triggering opposite impacts on inflation. As the central bank tightens its monetary policy by raising the key interest rate for the third time in a row to 3%, the government continues its expansive budgetary policy in line with its goals to spur private […]

Asia Headlines International Morocco

A Moroccan killed in Doha building collapse

The Moroccan embassy in Qatar has confirmed the death of a Moroccan national after a four-story building collapsed on Wednesday in Doha’s Bin Durham neighborhood. Qatari Interior ministry said the search & rescue teams pulled seven survivors from the rubble, while the one person killed was inside the building at the time of the collapse. […]

Africa Business Headlines International

Burkina Faso acquires military equipment worth $415m to fight terrorism

Burkina Faso has acquired military equipment including drones and armored vehicles worth around $415 million to beef up the army’s capacity in the fight against terrorism, reports say. The acquisition took place this month after the government greenlighted on March 1st the ratification of a sovereign guarantee in favor of International Business Bank Burkina (IB […]

Asia Business Egypt International

Chinese company considers $2bn investment in cast-iron pipes, steel industry in Egypt

Shen Ching, a Chinese company producing cast-iron pipes and steel industry, has announced plans to invest $2 billion in Egypt’s Suez Canal Economic Zone. Head of the Chinese firm, He Kijo, made the announcement during a meeting with Prime Minister Mustafa Madbouli in Egypt. The project is set to be built on an area of […]

Egypt Finance Headlines

World Bank approves new $7 billion partnership agreement with Egypt for 2023-2027

The World Bank has approved a new $7 billion partnership agreement with Egypt for 2023-2027 with a focus on boosting private sector jobs, provision of better health and education services, and adaptation to climate change. The bank in a statement said the Country Partnership Agreement (CPF) will entail $1 billion per year from the International […]