Africa Americas Business Finance International

Visa to inject $1bn in Africa over 5 years to cash in on e-payments boom

Visa Inc has announced plans to invest $1 billion over the next 5 years in Africa in a bid to capitalize on the emerging economy’s rapid growth in digital payments. “Visa has been investing in Africa for several decades to grow a truly local business,” chief executive officer Alfred Kelly Jr said in a statement. […]

Africa International

DRC: Moïse Katumbi unveils plans to run for 2023 Presidential elections

Moïse Katumbi, former governor of Katagan province and ally of incumbent President of Democratic Republic of Congo (DRC) Félix Tshisekedi, has announced plans to run for next year presidential elections as he criticizes Tshisekedi’s record. “I am candidate,” he told French media France24 and RFI. The leader of Ensemble pour la République party also announced […]

Africa Americas Business International

U.S. Secretary of the Treasury to undertake African tour next month

Janet Yellen, the United States Secretary of the Treasury, will undertake mid-January a trip to Sub Sahara Africa following the U.S-Africa summit during which President Joe Biden pledged a win-win partnership in reaction to Russia’s and China’s growing presence in Africa. The former Chair of the Federal Reserve, according to her department, will visit South […]

Africa Americas Business International

Kenya’s geopolitical re-balancing? — Ruto embraces West as ties with China cool

Kenyan President William Ruto’s recent diplomatic overtures to the West are prompting analysts to ask whether the days of close Chinese engagement are coming to an end. Since taking office in August, Ruto has embraced Kenya’s economic and diplomatic relationships with the United States, United Kingdom and other Western countries, causing onlookers to wonder whether […]

Africa Business Emerging Markets Headlines International Morocco

Morocco’s OCP carries on support to African farmers

Morocco’s OCP group, which elaborated a program to support African farmers as the continent faces a food security crisis, has donated 5,000 tons of fertilizers to smallholder farmers in Mauritania and struck a partnership with Kenya’s Ministry of Agriculture to launch soil mapping exercises for over 100 participants. The fertilizers donated to Mauritania will benefit […]

Africa Community Europe Headlines International

UK court rules migrant deportation flights to Rwanda are legal

London’s High Court ruled Monday (19 December) that the government’s controversial plan to send asylum seekers to Rwanda is legal, whereby the decision comes as UK Prime Minister Rishi Sunak stakes his future on stopping a record number of migrant arrivals in small boats. Under a deal struck by the British government with Kigali in […]

Business Europe Headlines International Morocco

Green Transition: Morocco signs MoU with Belgian Solvay group

Belgian group Solvay, specializing in chemicals, will increase its investments in Morocco to support the green transition of various sectors, in particular automotive and aeronautics and renewable energies under a Memorandum of Understanding it signed with the Moroccan Ministry of Industry and Trade. The Belgian group will increase its investments in Morocco to support the […]

Africa Americas Business International

Kenya in talks with Delta Airlines to save its struggling national carrier

Kenyan president William Ruto is looking for a deal between Kenya Airways and Delta Air Lines to turn around the fortunes of the country’s national carrier which last recorded profits 10 years ago. During the Washington US-Africa Business Summit, one of Ruto’s major goals was to get investors to help the struggling Kenya Airways. The […]

Community Headlines International Morocco

King congratulates soccer team for their resounding achievement, the first of its kind for Moroccan, Arab, African soccer

King Mohammed VI has congratulated the Moroccan football team for their brilliant performance and resounding achievement at the Qatar 2022 World Cup, where they reached the semi-finals, a first for Moroccan, Arab and African soccer. In a message of congratulations the king addressed to the members of the national soccer team following their historic and […]

Headlines Tunisia

Record low turnout in Tunisia’s parliamentary election, President urged to resign

Saturday’s parliamentary election in Tunisia was marked by a record low turnout as less than 9 percent of registered voters headed to the polls to fill 161 seats of the Parliament. Main opposition parties had called for a boycott of the polls as they say the vote is part of President Kais Saied’s efforts to […]