Business Columns Emerging Markets Europe Headlines International Maghreb Morocco

British Government confirms legality of commercial activities in the Moroccan Sahara

The British government has deemed any commercial activity in the Moroccan Sahara “legal,” thus thwarting the aims of Polisario supporters in the House of Commons, the UK parliament. Responding to a written question from Labor MP Lloyd Russell-Moyle about the possibility of “creating a United Nations Council for the natural resources of Western Sahara,” David […]

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Morocco’s PM defends government’s mid-term achievements

Head of the Moroccan government Aziz Akhannouch defended the achievements of his government at half-term, focusing on social projects including direct subsidies, mandatory health coverage, and the reform of the health and education sectors. Akhannouch-led government has come under fierce criticism by the opposition which decry a surge in unemployment and a lack of communication […]

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First International Forum on Moroccan Sahara Opens in Dakhla

An inaugural International Forum on the Moroccan Sahara opened on Wednesday in Dakhla. The forum is meant to catalyze scholarly discourse and forward-looking analysis concerning the emerging geo-economic landscape in the region. The agenda of the forum, that is attended by scores of academics and researchers from various disciplines, features several topics, including the Sahara’s […]

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Niger envisions new era of development as its first oil export arrives in Benin

First Nigerian oil has arrived at the Beninese oil terminal of Sémè Kraké using the Niger-Benin pipeline, with experts hailing the launch of this platform because it signifies Niger’s emergence as a key player in Africa’s oil sector. The recent inauguration of the oil export platform in the town on the border between Benin and […]

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Senegal wants a rethought partnership with the EU

Senegal’s new president Bassirou Diomaye Faye said his country needs a new “rethought” partnership with European countries, part of his electoral promises to review deals signed with gas and oil extractors. Faye has often used “the protection of national sovereignty” as a salient slogan in his electoral campaign which ended month-long crisis and safeguarded a […]

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Nigeria targets $2bln World Bank loan

Africa’s most populous nation is eying a $2 billion World Bank loan to help address pressing challenges and back up hard currency reserves, the government said. The country qualifies for the financing and has the support of other regional banks such as the African Development Bank, Nigerian finance minister Wale Edun said on the sidelines […]

Emerging Markets Headlines Morocco

WTO: Morocco building multidimensional development model & resilient economy

Morocco is building a new multidimensional development model, based on democracy, economic growth and human development, says World Trade Organization in its review report of the country’s trade policy. Since 2016, Morocco’s economy has experienced steady growth, notwithstanding cyclical fluctuations. Its average growth rate stands at 2.1%, thereby consolidating its position as an emerging economy […]

Africa Emerging Markets Europe Headlines International Morocco

Crown Prince Moulay El Hassan chairs opening ceremony of Meknes agriculture fair

Crown Prince Moulay El Hassan chaired, in Meknes on Monday, the opening ceremony of the 16th International Agricultural Fair in Morocco (SIAM), held April 22-28, under the theme “Climate and Agriculture: Advocating Sustainable and Resilient Production Systems” and featuring Spain as guest of honor. At the start of the opening ceremony of this 16th edition, […]

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US relies on rail project to counter China’s growing control over African mines

The US is planning to counter China’s strategy regarding rare metals in Africa through investing in a rail project connecting copper and cobalt mines in central Africa to Lobito port in Angola. The new route, which could potentially extend to Zambia, offers an alternative route to export rare metals to the Chinese controlled outlets. It […]

Emerging Markets Finance Headlines International Morocco

OCP plans international bond worth up to $2 bln to fund development plan

Morocco’s phosphates and fertilizers giant, OCP, plans a bond issue ranging between $1.5 billion and $2 billion as it launched major investments in renewable energies, desalination, green hydrogen, and ammonia. The news, relayed by Medias24 and major news agencies, marks the first bond by OCP since it announced an ambitious growth strategy of about $12 […]