Africa Emerging Markets Headlines International

Senegal’s new leadership faces challenges in delivering promised reforms

Six months into his presidency, Senegal’s Bassirou Diomaye Faye is finding it challenging to implement the radical reforms he promised during his campaign. Faye, who swept to power with a leftist, anti-establishment agenda, is facing resistance from a parliament still dominated by supporters of the previous administration. The new government, led by Faye and his […]

Asia Business Emerging Markets Headlines International Morocco

Morocco to back China’s textile Sunrise group with $410 mln

Morocco will offer a financial aid to China’s textile giant Sunrise Group worth 410 million dollars, to help fund an industrial project that would employ 11,000 people. The news came following a visit by Akhannouch- who was in China to attend an Africa summit- to a Sunrise factory where he met officials from the Chinese […]

Africa Asia Business Emerging Markets Headlines International Morocco

Morocco reaffirms commitment to strengthening Chinese-African partnership

The Moroccan Government reaffirmed on Thursday in Beijing steadfast commitment to advancing and strengthening further partnership between African countries and China for shared prosperity and inclusive growth unleashing Africa’s full potentials. Addressing the China-Africa cooperation summit 2024 convening in Beijing (Sept.4-6), Morocco’s Prime Minister Aziz Akhannouch, who is representing King Mohammed VI at this event, […]

Business Emerging Markets Headlines Mauritania

Mauritania: Towards reduction of prices of certain staple foods

The Mauritanian Ministry of Commerce announced a new memorandum of understanding with the Federation of Commerce, aimed at lowering the prices of essential foodstuffs. This agreement seeks to alleviate the financial strain on Mauritian consumers by stabilizing the cost of basic groceries amid challenging economic conditions. According to the Ministry’s statement, the new pricing concerns […]

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Turkey, Egypt to cooperate on natural gas, nuclear power

Turkish president Recep Tayyip Erdogan said his country looks forward to cooperating with Egypt on natural gas and nuclear power, following a visit to Ankara by Egyptian president Sissi during which trade cooperation deals were also signed. The two countries are willing to strengthen cooperation in the fields of trade, defense, health, energy, and the […]

Africa Emerging Markets Finance Headlines International

China’s billion-dollar promise: fueling Africa’s growth

China has unveiled an ambitious plan to strengthen its partnership with Africa, pledging $51 billion in fresh financing and promising to create at least one million jobs. President Xi Jinping announced this initiative at a major China-Africa cooperation summit in Beijing, attended by delegates from over 50 African nations. The comprehensive package includes support for […]

Africa Asia Emerging Markets Headlines International Morocco

Morocco’s King represented at China-Africa Summit 2024 by Head of Government

Head of Moroccan Govt. Aziz Akhannouch is representing King Mohammed VI at the China-Africa Summit convening in Beijing Sept.4-6 under the theme: “Joining Hands to Advance Modernization and Build a High-Level China-Africa Community with a Shared Future.” Akhannouch is accompanied by minister of foreign affairs Nasser Bourita and minister-delegate for investment Mohcine Jazouli. A delegation […]

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China-Africa Forum: Beijing rejects separatists’ participation smacks Algeria & Polisario

The Algerian regime has suffered another humiliating diplomatic setback in Beijing after the Chinese authorities refused the participation of the Polisario in the ongoing China-Africa cooperation forum. This is another slap on the face of ruling Algerian junta and their separatist militias in just few days after the Tokyo scandal which exposed their total failure, […]

Business Emerging Markets Finance Headlines Morocco

World Bank highlights resilience of Morocco’s financial sector to drought

Despite consecutive dry years, Morocco’s banking sector has shown resilience and stability, the World Bank said. “Stress tests in Colombia, Morocco, and Mexico indicate that overall physical risks such as droughts and floods as well as transition risks are relatively benign for the financial system as a whole,” the World Bank said in its “Finance […]

Africa Asia Emerging Markets Headlines International Morocco

Morocco Takes Part in China-Africa Cooperation Forum

Moroccan foreign minister Nasser Bourita took part, on Tuesday in Beijing, in the ministerial meeting of the China-Africa Cooperation Forum, a platform seeking to foster Chinese-African partnership on the basis of the principles of solidarity, cooperation and respect of sovereignty and territorial integrity of states. During the meeting, the Chinese and African ministers discussed and […]