Africa Business Emerging Markets Headlines International

Washington hails ‘record’ year for US-Africa ties post-2022 leaders summit

The United States had delivered more than 40% of commitments made at the United States-Africa Leaders Summit (USALS) one year ago, which hosted about 50 African heads of government in Washington DC, senior US government officers have said. Speaking during a digital press briefing on the one year anniversary (14 December), they pointed out that […]

Emerging Markets Europe Headlines International Morocco

Spanish FM visits Morocco to boost strategic partnership, constructive dialogue

Spanish Minister of Foreign Affairs, José Manuel Albares, is currently paying a visit to Morocco, his first trip abroad less than a month after the inauguration of the new Spanish government, led by Pedro Sánchez, to give a boost to the strategic partnership and further the ongoing constructive dialogue between the two countries. The Spanish […]

Business Egypt Emerging Markets Headlines

Egypt’s General Authority for Investments & Free Zones takes WAIPA Regional directorship for MENA region

Egypt’s General Authority for Investments and Free Zones (GAFI) has been elected as regional director of The World Association of Investment Promotion Agencies (WAIPA) in the Middle East-North Africa region, at the 27th World Investment Conference (WIC) of the leading global body representing government agencies in charge of attracting inward investment, held in New Delhi. […]

Business Emerging Markets Headlines International Morocco

Ryanair to launch 11 domestic Morocco flights in 2024, Jet Lux opens office in Kingdom

Ryanair plans to launch 11 domestic flights in Morocco in summer 2024 linking 9 cities, tourism ministry said. The airline will serve the cities of Agadir, Errachidia, Essaouira, Fez, Marrakech, Ouarzazate, Oujda, Tangier, and Tetouan, it said in a statement. The decision is part of the low-cost airline’s plans to double its passengers to and […]

Africa Emerging Markets Headlines International Morocco

Benin supports Morocco’s territorial integrity, contemplates opening of Consulate in Laayoune

Benin’s Foreign Minister Olushegun Adjadi Bakari has expressed support to Morocco’s territorial integrity, stating that his country considers the Autonomy Plan as the only credible and realistic solution to the regional dispute over Sahara. This came in a phone talk Olushegun Adjadi Bakari had this Tuesday with his Moroccan peer Nasser Bourita, the Moroccan Foreign […]

Emerging Markets Finance Headlines Morocco

Teachers’ wage hike to cost government $900 million

The Moroccan government will have to spend 900 million dollars (9 billion dirhams) in 2024 and 2025 on the new deal struck with teachers to end their long strike, education minister Chakib Benmousa said. After negotiations with teachers’ unions, the government had agreed to a wage hike of 1500 dirhams and an increase in other […]

Emerging Markets Europe Headlines International Morocco

Frontex Chief calls Morocco ‘strategic’ partner in countering cross-border crime

The Executive Director of the European Agency for the Management of Operational Cooperation at the External Borders (Frontex), Hans Leijtens, emphasized Morocco’s pivotal role as a strategic partner in countering cross-border crime. “Morocco is one of our strategic partners, and it’s evident that we need each other in cooperation to fight cross-border crime [and] to […]

Africa Emerging Markets Finance Headlines International

AfDB loans Côte d’Ivoire €165m to finance key programs of country’s National Development Plan 2021-2025

The African Development Bank (AfDB) announced Monday the approval by its board of directors of two loans valued at €165 million earmarked for the implementation of the Diversification, Industrial Acceleration, Competitiveness and Employment (DAICE) Program, an important aspect of the country’s National Development Plan 2021-2025. The first loan is worth €120 million and the second […]

Egypt Emerging Markets Headlines Morocco

Egypt, Morocco to bolster cooperation in water resources sustainable management

Morocco and Egypt have signed a memorandum of understanding (MoU) providing for an enhanced cooperation in the field of sustainable management of water resources. The MoU was initialed in Dubai on Monday, on the sidelines of COP28, by the Moroccan and Egyptian Ministers of Water, Nizar Baraka and Hani Sweilem. The agreement aims to strengthen […]

Business Emerging Markets Headlines Morocco

COP28: Mohammed VI Fund for Investment Signs Principles for Responsible Investment Declaration

The Mohammed VI Fund for Investment (FM6I) officially signed the Principles for Responsible Investment (PRI) Declaration, on the sidelines of the conference of the parties to the un framework convention on climate change (COP28) This voluntary initiative demonstrates the commitment of the Fund, the first signatory in the “Asset Owner” category in Morocco, to promoting […]