Egypt Emerging Markets Headlines

Apple Pay debuts in Egypt with initial partnership with three banks

Apple Pay, Apple’s mobile payment and digital wallet service, has officially launched in Egypt, December 10, marking a major milestone in the nation’s digital payment evolution. Users can now make secure, contactless transactions through Apple devices such as iPhones, Apple Watches, iPads, and Macs. The initial rollout includes partnerships with the National Bank of Egypt, […]

Africa Emerging Markets Headlines International

Ghana: Mahama returns to the presidency, promises a fresh start for economy

Ghana’s former president, John Dramani Mahama, has reclaimed the nation’s highest office following a decisive electoral victory. With just over 56% of the votes, he outpaced Vice President Mahamudu Bawumia, who conceded defeat and garnered about 41%. Mahama’s return comes amid deep economic hardships and high living costs that left voters eager for change. He […]

Africa Emerging Markets Finance Headlines International Morocco

AfDB contributes €104.7 million to boost water sector in Morocco, speed up ONEE digitalization

The African Development Bank (AfDB) has extended Morocco a €104.7 million loan to boost the water sector in the Kingdom. The funding is destined to speed up the digitalization processes of the National Office for Electricity and Drinkable Water (ONEE), boost drinking water production in several urban areas (Asfalou, Bouhouda and Agourai), and improve the […]

Emerging Markets Europe Headlines International Morocco

EU can rely on Morocco to strengthen long-standing relations, address challenges together – EU Official

EU High Representative for Foreign Affairs and Security Policy Kaja Kallas affirmed that the EU can “rely on Morocco to strengthen our long-standing relations and address challenges together.” “I know we can count on Morocco to reinforce our long-standing relations and tackle challenges together,” stated Kallas following a phone conversation on Monday with Moroccan Foreign […]

Africa Business Columns Emerging Markets Headlines International Morocco

Mounting calls for strengthening Morocco-South Africa economic partnerships

South African Businessmen and economic stakeholders have joined their voices to those of politicians and activists to call for consolidating economic partnerships between their country and Morocco, a rising economic power in Africa. In this context, the CEO of Gauteng Tourism Authority (GTA), the government agency of the Gauteng province in South Africa, Stembiso Dlamini, […]

Africa Comments Emerging Markets Headlines International

Inflation-hit Nigeria to criminalize corn exports to meet local needs

Nigeria’s senate plans to pass legislation to criminalize the export of corn amid concerns over hunger and rising staple prices in Africa’s most populous nation. Nigeria has been grappling with a worsening food inflation which surged to 39.16% in October this year. This inflation has been exacerbated by climate conditions, currency devaluation and the removal […]

Emerging Markets Finance Headlines Morocco

Morocco’s GDP grew 10% in 2023- statistics agency

Morocco’s GDP grew 10% to 146 billion dollars in 2023, the high commission for planning, HCP, said in its final statistics. Financial and non-financial firms contributed by 45% to the national GDP, while public administrations contributed by 15.2%, HCP said in a recent report. Households and non-lucrative entities contributed by 29%, it said, adding that […]

Business Egypt Emerging Markets Headlines

Egyptian army takes control of commodities imports

Egypt’s army has replaced a supply firm to take full control of the imports of strategic commodities such as wheat, in a move that highlights the growing role of the Egyptian armed forces in the economy, Reuters reported. The army will conduct tenders on wheat and other strategic commodities instead of the General Authority for […]

Americas Business Emerging Markets Headlines International Morocco

Morocco’s carrier resumes flights to Brazil, opens new Casablanca-Toronto direct route

Morocco’s Royal Air Maroc has resumed its direct flight from Casablanca to Sao Paulo on Saturday and inaugurated a new direct route from Casablanca to the Canadian city of Toronto on Sunday. The flight to Sao Paulo marked a long-awaited resumption of direct services between Morocco and Brazil, which were suspended for five years due […]

Business Columns Emerging Markets Energy Headlines Morocco Technology

Morocco poised to become EV industry hub- Chatham House

Morocco is well-positioned to become a global hub for electric vehicle industries (EV) thanks to its control of the world’s largest phosphates reserves, its free trade deals with the EU and the US, availability of skilled labour and a growing automotive sector, London-based Chtaham House said. Morocco has attracted Chinese EV battery giants looking to […]