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Africa to break neocolonialist shackles of WB-IMF to leverage AfCFTA — Nigeria’s ex-president

African nations must flee from the subtle recolonization tactics being pursued through the “honeyed policy shackles” of the International Monetary Fund, World Bank and the United Nations dogma, according to Nigeria’s former president, Olusegun Obasanjo. Yet, he has also attributed the continent’s rising poverty and underdevelopment to poor leadership, bad governance, and massive corruption by […]

Business Emerging Markets Europe Headlines International Morocco

Morocco quadruples avocado exports to Germany

Morocco has quadrupled its avocado sales to Germany in six years with 5000 tons worth $17 million this past season, specialized media reported. Globally, Morocco became the world’s 9th largest exporter of avocados among a rising demand for fruit. In Germany, Morocco faces competition from Mexico, Spain and the Netherlands. Overall, Morocco exported 45,000 tons […]

Asia Business Emerging Markets Europe Headlines International

MENA travel trends 2023: UK, US, France, UAE top picks, close to home & experience-focused tourism

The United Kingdom, the United States and the United Arab Emirates are top travel picks for Africans and Middle Easterners in 2023, according to a recent Mastercard report that also highlighted an increasing trend when African travelers prioritize authentic experiences over material possessions, which in turn reshapes industry dynamics. Apart from uncovering the United Kingdom, […]

Emerging Markets Europe Headlines International Morocco

Morocco or the social big bang under the reign of King Mohammed VI – French Magazine

French Magazine Le Point has highlighted the progress scored by Morocco over the past twenty years, under the reign of King Mohammed VI, in various fields, particularly social ones. In a long story published Monday on the occasion of the 61st birthday of King Mohammed VI, under the eloquent title “Social protection, women’s rights: Morocco […]

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India underscores unilateral character of invitation to BRICS summit in Johannesburg

India made it clear that invitations to the BRICS summit due on August 24 in Johannesburg are unilaterally made by the South African government. In New Delhi, the Indian federation government has issued a statement saying that the invitations extended by South Africa for the BRICS/Africa meeting, due in Johannesburg, are based on a unilateral […]

Americas Business Emerging Markets Headlines International Morocco

Aya Gold & Silver expands 2023 exploration program in Morocco

Aya Gold & Silver announced the expansion of its 2023 exploration program at all its holdings in Morocco. The increase includes work done at the Boumadine polymetallic project, the Zgounder silver deposit, the Zgounder Regional properties, and the recently acquired Tirzzit copper-silver property. Aya is a Canada-based precious metals mining company, which focuses on the […]

Africa Emerging Markets Headlines International Morocco

Morocco’s participation in ‘BRICS/Africa’ meeting at whatsoever level has never been on Kingdom’s agenda – Authorized Source at FM

Morocco has never considered to respond positively to the invitation to attend the “BRICS/Africa” meeting scheduled to be held in South Africa, or to take part in this meeting at any level whatsoever, an authorized source from the Foreign Ministry said, adding that Rabat advocates a multilateralism that does not divide. Some media reports have […]

Africa Business Emerging Markets International

Benin to build Financial district in capital Cotonou

Benin is set to launch the construction of its first Financial district planned to be home to financial institutions and key companies including State-run firms, “24 Au Benin” reports. The first phase of the project is about the construction of one five-storey building used for offices, two seven-storey buildings also for offices. The first phase […]

Business Emerging Markets Europe Headlines International Morocco

UNCTAD contrasts Morocco’s burgeoning automotive sector with Algeria’s fiasco

The United Nations Conference on Trade and Development (UNCTAD) highlighted Morocco’s headway in the automotive sector and its growing exports that contrast with Algeria’s car industry debacle. Using 2019 figures, UNCTAD showed in a detailed report how Morocco produced 403,218 vehicles compared to 60,012 in Algeria, which in 2020 had to halt production altogether. “In […]

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BRICS currency ‘ridiculous’ idea as China, India disagree even on group’s expansion — economist

A BRICS currency replacing U.S dollar is a ‘ridiculous’ idea, says the top economist who named the group — especially in light of the fact that China and India are not able to even agree on BRICS membership expansion that will shape the organization’s future. The BRICS group has revealed its internal divisions, with India […]