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India-Middle East-Europe Economic Corridor: new US-backed trade route to rival China’s Belt and Road

The India-Middle East-Europe Economic Corridor (IMEC), officially launched at the G20 summit in India, is seen by some analysts as a direct challenge to Beijing’s Belt and Road Initiative (BRI), a multi-trillion-dollar infrastructure project launched a decade ago with the aim of connecting China to the rest of the world. The launch of the new […]

Africa Emerging Markets International

Africa Union joins G20: ensuring African voices are heard and respected globally

The African Union made history on Saturday (9 September) when it became the 21st permanent member of the Group of 20 (G20) during the G20 Summit 2023 in New Delhi. The move, of which India had been a staunch advocate, is widely seen as strengthening both the G20 and also the voice of the Global […]

Africa Emerging Markets Finance International

AfDB launches $1bn fund to boost access to climate finance for Africa’s youth

Almost $1 billion will be disbursed by the African Development Bank (AfDB) to young entrepreneurs to help tackle climate change on the continent, AfDB President Akinwumi Adesina announced, noting that failing to invest in the youth will hurt Africa. In an effort to combat climate change, the AfDB and the Global Centre on Adaptation (GCA) […]

Business Emerging Markets Europe Headlines International Morocco

Russia seeks larger share in Morocco’s wheat imports

The Russian ambassador to Rabat said his country is ready to sell wheat at a competitive price to Morocco, a major wheat importer. “Russia is ready to supply wheat to Morocco at reasonable prices,” Russia’s ambassador Vladimir Baibakov told TASS news agency. “Morocco remains a key Russian trade and economic partner in Africa. In a […]

Americas Business Emerging Markets Headlines International Morocco

Aya Gold & Silver discovers more high-grade silver in Morocco

Canadian company Aya Gold & Silver announced it found high-grade silver at the Zgounder Silver Mine in Morocco. “Today’s high-grade drill results including hole ZG-RC-23-2230-212 near the open-pit area to the East continue to demonstrate continuity of mineralization from surface and at depth over the larger footprint of the deposit,” said Benoit La Salle, President […]

Business Emerging Markets Headlines Morocco

Casablanca generates third of Morocco’s GDP

Morocco’s industrial and financial hub, Casablanca region, has generated a third of Morocco’s GDP or 32.2% in 2022, followed by Tangier and Rabat, indicating acute disparities in national wealth creation, Morocco’s high commission for planning HCP said. The growing industrial and tourist hub of Tangier generated 15.9%, while the capital Rabat and its region accounted […]

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UAE pledges to invest $4.5bn to support deployment of clean energy in Africa

UAE has unveiled an initiative that will provide $4.5bn to help tap Africa’s clean energy potential amid increasing negative impacts of the climate change on the continent. COP28 President-Designate Sultan Al Jaber made the announcement during his keynote address at the inaugural African Climate Summit in Nairobi, Kenya. The initiative will bring together public, private, […]

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African Union set to join G20 during upcoming New Delhi summit

After years of campaigning, the African Union (AU) is likely to become a member of the Group of 20 (G20) largest economies during or even before the New Delhi G20 Summit (9-10 September), though not everyone is excited about India’s push for the inclusion, with many pointing to Africa’s being a large continent with diverse […]

Asia Emerging Markets Headlines International Morocco

Japan commends Morocco’s efforts to resolve Sahara conflict

Japan has commended Morocco for its “serious and credible” efforts to advance the political process towards a settlement of the Sahara regional conflict. This expression of support came in a statement issued by the Japanese Foreign Ministry following a meeting held on Tuesday in Cairo between Japan’s Foreign Minister, Hayashi Yoshimasa, and his Moroccan counterpart, […]

Business Emerging Markets Europe Headlines International Morocco

Easyjet to open more routes to Morocco

Easyjet will add more than 94,000 additional seats to Morocco destinations this winter, Morocco’s tourism promotion office ONMT said. ONMT and easyjet signed a deal to link Agadir, Marrakech and Rabat with European destinations, Moroccan media reported. “This is an agreement with a leading airline in Europe. It will foster the implementation of our strategy […]