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Kenya, Russia to boost trade ties as Russia-Ukraine rivalry heats up in Africa

Kenya will sign a trade pact with Russia aimed at boosting cooperation between businesses, President William Ruto’s office announced on Monday following a meeting with Russian Foreign Minister Sergei Lavrov, as Moscow and Kyiv both seek to bolster support from African nations over their war. Lavrov’s surprise trip to the East African powerhouse comes only […]

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China woos Ethiopia, pledging food, trade, investments for Horn of Africa

While China’s global competition has been a well-known fact, Beijing now signals an expansion of its ambitions in the Horn of Africa, as evidenced by Ethiopia’s recent acknowledgement that China has become the East African nation’s leading source of foreign direct investment, largest trading partner, and development financier. China plans to send more emergency food […]

Business Emerging Markets Features Headlines Morocco

Moroccan King inaugurates Rabat-Salé-Kenitra’s CMC; new-generation vocational training facility

King Mohammed VI inaugurated, on Tuesday in the town of Tamesna, the Cité des Métiers et des Compétences (CMC/City of Trades and Skills) for the Rabat-Salé-Kénitra region, a new-generation vocational training facility dedicated to excellence and innovation. The Rabat-Salé-Kénitra CMC is part of an overall program to build 12 CMCs in different regions of the […]

Business Emerging Markets Headlines Morocco

Phosphates: Morocco’s OCP group reports $ 1.7 billion earning in 1st Quarter 2023

Morocco’s state-owned phosphate company OCP has reported $1.78 billion in first quarter of 2023 against $2.6 billion earned in the same period last year. Yet, this year’s results show the resilience of the global leader in the fertilizer industry in challenging market conditions, says the company in a press release. Global fertilizer prices continued to […]

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TunisAir beefs up fleet with new passenger jet

Tunisia’s national carrier acquired Monday a new aircraft, Airbus A320-200, as part of the airline’s plans to revamp its fleet. The acquisition is the result of a lease contract. The jet was formerly used by Bahrain’s carrier Gulf Air. In a statement, the carrier also announced the future acquisition of four other aircrafts under the […]

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The EU should follow UK’s suit in dealing with Polisario’s judicial maneuvers

A UK court rejected irrevocably the challenge by the Polisario to the association agreement with Morocco which includes the Sahara territory, in a new setback for the Algerian-backed separatist group that should serve as an example to follow for the EU. The appeal was filed by the UK-based Algerian proxy Western Sahara Campaign (WSC) which […]

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Morocco, Israel ink three transportation deals

Three transport cooperation agreements were signed on Monday in Rabat between Morocco and Israel to facilitate exchanges between the two countries. The agreements cover maritime transport to encourage direct shipping between the two countries, reciprocal recognition of driving licenses and facilitate exchanges related to road safety and transportation innovation. The agreements were initialed by the […]

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Morocco’s King represented at inauguration ceremony of Nigerian President by head of Government

King Mohammed VI was represented at the inauguration ceremony of the new president of Nigeria, Bola Ahmed Tinubu, by Head of Government, Aziz Akhannouch, represented, on Monday in Abuja, His Majesty The inauguration ceremony of Nigerian president Bola Tinubu and Vice President Kashim Shettima took place this Monday at Eagle Square in capital Abuja, before […]

Business Emerging Markets Europe Headlines International Morocco

Morocco’s CGEM Hails British Justice’s Rejection of Pro-Separatist Action, Calls ‘Victory’ for Both Countries’ Businesses

British Justice’s rejection of pro-separatist action, a ‘victory’ for both countries’ businesses, CGEM says London Court of Appeal’s rejection of the case brought by pro-separatist NGO WSC against the Morocco-UK trade agreement is a victory for Moroccan and British companies, says the General Confederation of Moroccan Businesses (CGEM). The CGEM welcomed in a press release […]

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Civil unrest in Africa hits 6-year high, driven by political tensions, food insecurity — report

Businesses operating in Africa “are grappling with an unprecedented rise in disruption, linked to protests, demonstrations and rioting,” according to a latest research by risk intelligence firm Verisk Maplecroft, which also suggests that the situation will deteriorate over the course of 2023. The surge in civil unrest in Africa, driven by political tensions, food insecurity, […]