Egypt Finance Headlines

Egypt gets $500m from World Bank to finance vulnerable classes support program

The World Bank has granted Egypt a new development financing of $500 million to support the “Takaful and Karama” program according to the Arab country’s Minister of International Cooperation Rania Al-Mashat. Takaful and Karama program supports the most vulnerable classes against the implications of the global economic crises and external shocks. The financing will support […]

Africa International

South Africa: Death toll of tanker explosion climbs to to 15

South Africa’s authorities Sunday said the death toll of a tanker explosion near Johannesburg climbed to 15. A truck containing 60,000 liters of LPG gas got Saturday stuck under a bridge in the residential area of Boksburg, east of Johannesburg. The top of the truck scraped a low-lying bridge, sparking flames that caused the explosion. […]

Africa Business Headlines International

Despite its mineral wealth, Africa accounts for only 2.4% of global GDP — ECOWAS

Africa accounts for only 2.4% of global Gross Domestic Products (GDP), although the continent has approximately 30% of the earth’s remaining mineral resources, Economic Community of West African States (ECOWAS) revealed last week. Despite Africa’s disproportionately low share of the global GDP, the continent has the largest reserves of precious metals with over 40% of […]

Business Headlines Morocco

UNWTO picks two Moroccan villages among best tourism villages in the world

Two Moroccan villages, Ksar Elkhorbat and Moulay Bouzerktoune, have been chosen lately by the World Tourism Organization among the best tourism villages in the world in 2022. Ksar Elkhorbat is a fortified village located in the province of Errachidia, while Moulay Bouzerktoune is a fishing village situated in the province of Essaouira. They have been […]

Business Community Finance Headlines Morocco

Morocco’s women business gets support of World Bank program to develop e-commerce

Moroccan businesswomen will benefit from technical assistance of the World Bank Women Entrepreneurs Finance Initiative (WB We-Fi) program to access to new markets through e-commerce. An agreement was signed lately in this regard by the WB officials with Moroccan ministry of  Trade & Industry, Morocco’s SME Agency and the Federation of Moroccan Chambers of Commerce, […]

Africa Energy Europe Headlines International

New EIB study confirms Africa’s €1 trillion green hydrogen potential

Harnessing Africa’s solar energy to produce 50 million tons of green hydrogen a year by 2035 can help secure global energy supply, create jobs, decarbonize heavy industry, and transform access to clean water and sustainable energy, according to a new report by the European Investment Bank (EIB). Africa could make $1.1 trillion from the sale […]

Business Europe Headlines International Morocco

MoU on cybersecurity signed in Rabat

A memorandum of understanding relating to an investment project in the outsourcing sector was signed This week in Rabat between the Ministry of Digital Transition and the French Thales group. Under the MoU, the French entity is committed to invest more than 350 million dirhams in the cybersecurity sector, through the establishment of a nearshore […]

Africa Business Emerging Markets International

Côte d’Ivoire, Ghana cocoa growers step up fight to improve farmers’ pay

Although Côte d’Ivoire is the world’s top cocoa producing country, accounting for around 45% of the global cocoa beans production, the country receives just 4% of the chocolate industry’s estimated annual returns worth $100bn. Being on the “front lines of the climate crisis,” cocoa farmers in the region harvests suffer, so do their livelihoods, according […]

Business Emerging Markets Headlines International Morocco

Morocco’s Mohammed VI International University Hospital obtains ISO 9001 V-2015 certification

The Mohammed VI International University Hospital of Bouskoura has obtained ISO 9001 V-2015 certification. Through this new certification, the Hospital is thus strengthening its commitment to a policy of continuous improvement in the quality and safety of care. The hospital’s approach is centered on “patients” and is essentially based on respect for their rights and […]

Headlines Morocco

Morocco reports over 30% drop in crime in 2022

Morocco’s General Directorate of National Security (DGSN) reported a 30.22% drop in crimes recorded in 2022, noting that only 6.59% of these cases are violent crimes. The DGSN’s efforts made it possible to identify and refer 875,879 individuals to the various prosecutor’s offices. As to the rate of resolution of crimes committed, it continues to […]