Business Finance

IFC to invest $100m in Nairobi-listed Diamond Trust Bank to back SMEs hit by pandemic

International Finance Corporation (IFC) will invest 12.18 billion shillings ($100 million) in Nairobi-listed Diamond Trust Bank (DTB) to support small and medium enterprises (SMEs) impacted by Covid-19, Zawya reports, citing Kenyan Wall Street newspaper. The investment will be in senior debt under its Covid-19 emergency response working capital solutions scheme (WCS FIGE). IFC initiated the […]

Africa Headlines International

Gabon, Guinea-Bissau ink two cooperation deals to bolster ties

Gabon and Guinea Bissau signed Wednesday two cooperation agreements spanning consultation on political and diplomatic matters, as both countries move to strengthen ties, the central African country announced. The signing came during a visit of Umaro Sissoco Embaló, the Guinea Bissau leader to his Gabonese counterpart Ali Bongo Ondimba. “The legal framework for cooperation between […]

Africa Columns Headlines International Morocco Opinions

Morocco’s King calls for adoption of proactive, preventive policies to preserve African citizens’ health & dignity

King Mohammed VI of Morocco has called for the adoption by African countries of proactive and preventive policies to preserve African citizens’ health and dignity. In a message addressed to participants in the First African Conference on Health Harm Reduction, held in Marrakech November 16 to 18, the Sovereign said that health is one of […]

Columns Headlines International Opinions

Algeria serves as gateway to Iran’s influence in Africa- US media

Algeria’s role as a facilitator of Iran’s destabilization acts in North Africa has been exposed by Algerian writer and opposition figure Anwar Malik, who cites Tehran’s manipulation of armed proxies in full connivance with Algeria. Since the Islamic revolution in the 1970s, the Mullah’s of Iran have sought to export their authoritarian religious model and […]

Business Headlines Morocco

USDA: Morocco, 15th-largest fruit exporter in the world

Morocco’s fruit exports have more than doubled from $729 million recorded in 2016 to more than $1.5 billion in 2021, accounting for more than a third of the total agricultural exports in 2021. According to latest International Agricultural Report released by the US Department of Agriculture, the North African Kingdom has become the 15th-largest fruit […]

Africa Asia International

Qatar-based beIN media Group warns against World Cup matches broadcast in Gabon

Qatar-owned beIN MEDIA GROUP has warned against any attempt by whosever to broadcast its channels and FIFA World Cup matches in Gabon. The group issued a statement arguing that it has no partner in Gabon, therefore it will take action against anyone who broadcasts its contents and the World cup expected to kick off in […]

Africa Finance International

Guinea’s Mamadi Doumbouya orders audit of national budget management

The leader of transition in Guinea Mamadi Doumbouya has ordered Prime Minister Bernard Gomou to audit the spending of the national budget after the country suffered deficit of $833 million, Faapa news agency reports. A statement from the cabinet said the leader of the West African country wants to correct the shortcomings and failures noted […]

Energy Headlines Morocco

Morocco ranks 4th globally on Climate Change Performance Index

Morocco has ranked 4th globally on Climate Change Performance Index (CCPI) which looks at four categories namely GHG Emissions, Renewable Energy, Energy Use and Climate Policy, knowing that the first three overall spots remained empty because no country performed well enough in all index categories to achieve an overall very high rating. The index, established […]

Africa International

Côte d’Ivoire to pull out contingent from UN peace keepers in Mali in backdrop of bilateral crisis

Côte d’Ivoire Tuesday informed the Unite Nations about its decision to gradually withdraw its forces taking part in the United Nations Multidimensional Integrated Stabilization Mission in Mali (MINUSMA), amid ongoing feud between Abidjan and Bamako. The Ivorian mission to New York, in a correspondence to Office of the Under-Secretary-General for Peacekeeping Operations, said the West […]

Energy Headlines

Energy-deprived Africa has a right to use its natural gas reserves — AfDB chief Adesina

Warning the continent has 600-million people in energy poverty, the right of African countries to use their natural gas reserves should be reflected in any deal at the COP27 climate talks, African Development Bank (AfDB) President Akinwumi Adesina said, even as some nations push to see use of the fuel curtailed. Agreeing to a deal […]