Africa Business Headlines International

Côte d’Ivoire, Ghana hail progress in making cocoa buyers pay premium to farmers

Côte d’Ivoire and Ghana, the world’s two largest cocoa producers, as well as the Ivorian-Ghanian Cocoa Initiative (CIGCI), created to guarantee a minimum income to farmers, have noted “efforts” by some manufacturers to pay higher prices to producers, after giving them an ultimatum earlier this month. For several weeks, both countries reproached the chocolate manufacturers […]

Business Headlines Morocco

Hospital operator Akdital to make an offering at Casablanca stock exchange

Akdital, a Moroccan group that owns 15 clinics in Morocco, plans an Initial Public Offering at the Casablanca stock exchange to raise 1.2 billion dirhams.   The IPO is the second on the Casablanca stock exchange which aims to attract similar offerings from Moroccan enterprises.   In recent months, the bourse launched a campaign to […]

Business Energy Headlines Morocco

Morocco’s King urges Gvt, stakeholders to accelerate development of renewable energies, green hydrogen

King Mohammed VI has urged the Government and all stakeholders to speed up the development of renewable energies, especially solar and wind energy, as well as green hydrogen and to endeavor to attract more domestic and foreign investment in the sector. Building on its progress, Morocco should accelerate the deployment of renewable energy in order […]

Columns Features Headlines Morocco Opinions

Guterres: Morocco, champion of inter-faith dialogue & leader in fight against extremism

“Morocco has long been a champion of inter-faith dialogue and a leader in our fight against extremism”, said on Tuesday in Fez UN Chief Antonio Guterres in his opening remarks at the 9th Global Forum of UN Alliance of Civilizations. “I would particularly like to thank His Majesty King Mohammed VI for his personal and […]

Americas Business Headlines International Morocco

Morocco’s OCP launches its 1st carbon farming project in Brazil

Morocco’s state-owned OCP Group, the world’s largest producer of phosphate-based fertilizers, announced on Tuesday its first carbon farming and certification project in Brazil to ensure food security and advance towards global net zero emissions. The OCP has teamed up with Bioline by InVivo, Agrorobótica and a selected famer for this project to be carried out […]

Africa Finance International

Kenya eyes taxing crypto transactions amid market meltdown

The government in Kenya, where about 8.5% of the population owns cryptocurrencies, has drafted a bill to tax crypto transactions in all exchanges in the country, even as the global crypto market undergoes a mass meltdown. The Capital Markets (Amendment) Bill, 2022 would allow for the taxation of crypto exchanges, digital wallets and transactions. Crypto […]

Columns Community Headlines Morocco Opinions

King Mohammed VI: UN Alliance of Civilizations, Powerful Peace-Maker

The UN Alliance of Civilizations, which opened Tuesday its 9th Global Forum in Fez, Morocco’s spiritual capital, is “a powerful vehicle for peace”, said King Mohammed VI. In a message addressed to participants and read out by royal advisor André Azoulay, the Monarch said the international forum is convened on African soil, giving a strong […]

Africa Europe Headlines International

Mali bans France-backed NGOs’ activities

Mali will ban the activities of all non-governmental organizations financed or supported by France, including those operating in the humanitarian field, the junta, which came to power by force in August 2020, announced on Monday (21 November). The annoucement came few days after Paris suspended its public development assistance to the West African country. The […]

Africa Finance Headlines International

South Sudan, IMF ink pact for $112.7m in emergency funds

The International Monetary Fund (IMF) and South Sudan announced they have reached a staff-level agreement for the release of about $112.7 million in emergency financing, pending an approval by the IMF’s executive board. “This emergency financing under the new Food Shock Window will help South Sudan address food insecurity, support social spending, and boost international […]

Africa International

Côte d’Ivoire: Trial of suspects of 2016 attack starts next week

Eighteen people arrested in connection with the 2016 attack in Grand-Bassam that caused the death of 19 people will stand trial next week on charges of ‘acts of terrorism in association with a collective organization’, reports say. Three young assailants stormed Etoile du Sud hotel in the seaside resort, some 40 kilometers east of Côte […]