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India stepping up critical mineral acquisition plans with dozen African countries

India is stepping up its critical mineral acquisition plans in Africa, with New Delhi reportedly eying to sign new and updated mineral pacts with about a dozen African countries, in bid to challenge China’s dominant position on the continent. India’s Ministry of Mines has said it was in discussions with Côte d’Ivoire, Democratic Republic of […]

Americas Business Emerging Markets Headlines International Morocco

Morocco’s Flag Carrier to re-open Casablanca-Sao Paulo direct air link on Dec. 7

Morocco’s carrier Royal Air Maroc (RAM) announced that it will re-open the Casablanca- Sao Paulo direct air link starting from December 7, 2024 with three weekly flights. The announcement was made while Brazilian Foreign Affairs Minister Mauro Vieira was visiting Rabat. Flights from Casablanca to Brazilian Sao Paulo will take place on Mondays, Thursdays and […]

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Africa boosted fiscal revenues in 2023 through improved tax transparency — report

Seven African countries collected $2.4 billion of additional revenue through tax transparency, exchange of information and related measures in 2023 than over the 13 preceding years combined, a new progress report for the so-called Africa Initiative has found. Launched at a recent 15th Meeting of the Africa Initiative in Lomé, Togo, the Tax Transparency in […]

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Central African leaders fail to agree on merging three regional economic blocs

A high-level meeting in Cameroon’s capital Yaounde has failed to reach a consensus on merging three central African economic blocs, the official reason being that the process would take longer than the leaders had expected. Analysts have long argued that breaking down economic barriers among member countries of the Central African Economic and Monetary Community […]

Americas Emerging Markets Headlines International Morocco

Brazil hails Morocco’s model leadership in Africa, Kingdom’s modernization

Brazil, represented by its Foreign Minister, Mauro Vieira, applauded the openness and modernization underway in Morocco, under the leadership of King Mohammed VI, labeling it as a “credible and influential partner on the international stage.” Vieira, on his first official visit to Morocco, expressed this position in a Joint Communiqué adopted at the end of […]

Asia Emerging Markets Headlines International Morocco

Morocco’s RAM mulls reopening Casablanca-Beijing direct flights

Morocco’s flag carrier RAM is considering reopening direct flights between Casablanca and Beijing, after a four-year pause that started with the outbreak of Covid 19, a RAM source said. With the expected increase in its fleet, RAM would relaunch direct Morocco-China flights in early 2025, a RAM source told Hespress. RAM used to operate three […]

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Gotion High Tech gigafactory in Kenitra to start exports in 2026 – minister

The $1.3 billion gigafactory to be built by EV battery maker Gotion High Tech will start production in 2026 and will export 85% of its output, Moroccan minister in charge of investment Mohcine Jazouli said. The Moroccan government and Sino-European Gotion High Tech signed an investment deal for the plant which will be located in […]

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Kenya committed to balanced foreign policy amid US-China rivalry — president Ruto

Kenya’s president has reaffirmed his country’s commitment to a balanced foreign policy as the global power rivalry between the United States and China heats up and African nations are “bullied into taking sides.” “We’re neither facing East nor facing West; we’re facing forward,” Kenya’s President William Ruto said during an interview with Al Jazeera, to […]

Emerging Markets Finance Headlines Morocco

Morocco’s 2023 GDP rises to $146 billion- statistics agency

Morocco’s 2023 gross domestic product grew to $146 billion, after posting a more than expected growth rate at 3.4%, despite the impact of drought and inflation, the statistics agency, HCP, said. The performance came on the back of a growth in non-agricultural activity by 3.5% and a 1.4% growth in the farming sector, as lack […]

Africa Emerging Markets Energy Europe International Mauritania

BP’s floating gas production platform arrives off Mauritania, Senegal

Senegal and Mauritania are forging ahead with their joint gas fields with the arrival of BP’s floating production, storage, and offloading (FPSO) unit in the Grand Tortue Ahmeyim (GTA) Phase 1 LNG project. The vessel, built at China’s COSCO Qidong Shipyard, will serve the Greater Tortue Ahmeyim (GTA) liquefied natural gas project, which is planned […]