Africa Business Community Emerging Markets Headlines International

WTO & AFWE chiefs urge African govt’s to boost AfCFTA, agric investment, infrastructure

The WTO chief has called on African countries to create trading opportunities and increase investment in agriculture to address food security in Africa, as the head of the African Federation of Women Entrepreneurs (AFWE) stressed the need for improved infrastructure and the removal of tariffs to facilitate intra-African commerce. In a speech read on her […]

Emerging Markets Finance Headlines Morocco

WB expects Morocco’s growth to reach 2.5% in 2023 & 3.3% in 2024

Morocco’s economic growth is expected to reach 2.5 pc in 2023 before rebounding to 3.3 pc in 2024, according to the World Bank’s latest Global Economic Prospects report. The persistent drought and high inflation are weakening growth in Morocco, with unemployment rising to above its pandemic peak in March 2023, said the WB. However, growth […]

Africa Business Emerging Markets International

UN allocates Congo around $1 million to fund agriculture projects

The United Nations has provided Congo around $1 million for agriculture projects under the supervision of the World Food Program (WFP) bureau in the central African country. The financing, over two years, was announced by Dima Al-Khatib, Director of the United Nations Office for South-South Cooperation (UNOSSC). “This is a project for which we’re going […]

Americas Asia Emerging Markets Headlines International Morocco

Israeli army takes part for 1st time in African Lion Drills in Morocco

An Israeli elite unit is taking part for the first time in the African Lion military games on Moroccan soil, Israeli defense forces spokesman Avichai Adraee said. Israel will send a delegation of 12 soldiers and a commander of the Israel Defense Forces to the African Lion, which brings together 8000 soldiers from 18 countries. […]

Emerging Markets Finance Headlines Morocco

Morocco offers $0.5 bln in aid to help farmers access animal feed

Morocco will spend 0.5 billion dollars to help farmers access animal feed at a subsidized price as the country’s grains agency tenders for 500,000 feed barley. The aid is part of a $1 billion package announced last month in aid to farmers to help mitigate drought impact on crops and cattle. Recurrent droughts slashed Morocco’s […]

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Sahel and West Africa committed to invest in fertilizers for agri transformation

West African leaders have affirmed their commitment to accelerate investments and reforms to make fertilizers more accessible and affordable during the recent high-level roundtable jointly organized by the World Bank, and the Economic Community of West African States (ECOWAS) and the Togolese government. During the event (31 May), held in Togo’s capital, Lome, industry leaders […]

Africa Business Emerging Markets Headlines International Morocco

OCP mulls phosphates investment in Togo

Morocco’s phosphates and fertilizers producer OCP said it plans to launch a feasibility study for the setting up of a phosphate-based fertilizers plant in Togo. A deal was signed by Togolese agriculture minister Antoine Kepka Gbebgeni and head of OCP Africa Mohamed Anouar Jamali. The plant is expected to be achieved in the medium term […]

Business Emerging Markets Headlines Morocco

Morocco’s competition council to re-examine dysfunctions in fuel distribution market

Morocco’s competition council said it will look again into the dysfunctions marring the fuel distribution market which has spilled so much ink due to its oligopolistic nature and claims on price fixing. The council said it will re-examine the issue following the approval of a law that fosters its mandate to ensure free competition regulations […]

Africa Emerging Markets Headlines International Morocco

UN Counter Terrorism Chief Hails Morocco’s Support to UNOCT & Africa’s Security Agencies

Under-Secretary-General of the UN Office of Counter-Terrorism Vladimir Voronkov has praised Morocco’s support to UNOCT, expressing gratitude to the North African Kingdom for hosting the 2nd High-Level Meeting of Heads of Counter-Terrorism & Security Agencies from Africa, “Marrakesh Platform”. In his opening remarks of the three-day event taking place in Tangier, Mr. Voronkov stressed the […]

Business Emerging Markets Europe Headlines International Morocco

Automotive: Morocco Hosts 1st Development & Test Center in Africa

FEV, German engineering provider in the automotive industry, and French group UTAC, leader in car testing and homologation, have opened in Moroccan Atlas mountain city of Oued Zem Africa’s first testing center. “The launch of the first test center on African soil is an important strategic milestone for FEV,” said Stefan Pischinger, CEO of FEV […]