Africa Asia Business Emerging Markets Headlines International

Gabon, UAE seal MoU to attract investment into the African country’s economy

The Federation of UAE Chambers of Commerce & Industry (FCCI) and Gabon’s investment promotion agency ANPI-Gabon have inked a Memorandum of Understanding (MoU) to lure investment from the Gulf country to support economic development of Gabon. The deal was signed by ANPI-Gabon CEO Ghislain Moandza Mboma and FCCI’s Secretary General Humaid Mohamed Bin Salem, who […]

Africa Asia Business Emerging Markets Headlines International

African govts need to learn lessons to secure true win-win development partnership with China

As the China’s top diplomat Wang Yi wraps up his six-day tour of Africa, hailing deep-rooted friendships between China and African nations, experts have stressed that Beijing’s pursuit of influence in Africa goes well beyond economic interests. As Wang Yi visited Egypt, Tunisia, Togo and Côte d’Ivoire, the sides have reiterated their commitment to upholding […]

Business Emerging Markets Europe Headlines International Morocco

Morocco’s Renault factory output up 9.3% in 2023

The Moroccan plant of French carmaker Renault reported a 9.3% increase in manufactured vehicles to 382,661, placing the factory as the second largest within the Renault group in terms of output volume. The figures were given by head of Renault Maroc, Mohamed Bachiri, who said 90% of produced vehicles were sold in 68 countries. Morocco-produced […]

Africa Business Emerging Markets Headlines International Morocco

Sahara: Gambia reaffirms backing to Morocco’s “credible and realistic” Autonomy Plan

The Gambia has reaffirmed its steadfast support for Morocco’s Autonomy plan, saying it is the only “credible and realistic” solution to the Sahara regional conflict. The supportive stand was expressed in a joint communiqué issued Thursday in the Moroccan Saharan city of Dakhla following the 3rd meeting of the Morocco-Gambia Cooperation commission held under the […]

Africa Business Emerging Markets Headlines International

Kenya discovers very rare coltan deposits, conflict-linked mineral used in phones, laptops

Kenya has announced the discovery of its first deposits of the valuable mineral coltan, a priceless component with special electrical qualities that is used in the manufacture of electric car batteries, smartphones, laptops, and other electronic and communication devices. A substantial amount of the precious mineral was found at least in six Kenyan counties across […]

Africa Asia Emerging Markets Headlines International Morocco

Morocco’s push for African integration highlighted at G77+China Summit

Morocco’s ambitious projects and initiatives aimed at enhancing regional integration in Africa were highlighted at the 3rd G77+China Summit, convened in Kampala, Uganda, January 21-22. Morocco’s Permanent Representative to the United Nations, Omar Hilale, outlined, in an address before the Summit, Morocco’s efforts and initiatives to speed up regional integration in Africa. Under the leadership […]

Emerging Markets Headlines Morocco

Morocco tenders for northern waterway

Morocco has launched a tender to build a waterway connecting two northern dams to ensure supply to Tangier industrial region. The project emulates the success of the waterway that carries water from the northwest to Rabat and Casablanca and which spared the two cities water cuts. Morocco is currently suffering the sixth year of drought […]

Business Emerging Markets Headlines Mauritania Morocco

Nouakchott pledges to review higher tariffs imposed on Morocco’s produce

The issue of increased duties levied on some imported Moroccan agricultural products will be resolved through dialogue and consultation between the two countries, said Mauritanian Foreign Minister Mohamed Salem Ould Merzoug. The Mauritanian top diplomat made the remarks during his talks held Monday in Rabat with Moroccan peer Nasser Bourita. Salem Ould Merzoug is visiting […]

Business Emerging Markets Headlines Morocco

Morocco’s OCP plans Potash production

Morocco’s phosphates producer has partnered with Moroccan mines and hydrocarbons agency ONHYM in a potash project in Khemisset, 80 km east of Rabat. OCP won two licenses covering 176 square kilometers in the area and the project is already at an advanced stage, Moroccan media reported. Resources are estimated at nearly 350 million tons in […]

Emerging Markets Headlines Mauritania Morocco

Morocco underscores Mauritania’s key role in Atlantic initiative

Mauritania has a central role to play in Morocco’s Atlantic initiative aiming to offer access to the ocean to landlocked Sahel countries and promote regional economic integration and shared development. Morocco’s foreign minister Nasser Bourita made the remarks at a joint press conference in Rabat with his guest Mauritania’s foreign minister Salem Ould Merzoug. King […]