Africa Business Emerging Markets Europe Headlines International

German chancellor, on ‘charm offensive’ in East Africa, backs G20 seat for AU

Germany supports the inclusion of the African Union (AU) in the G20 group of nations, the country’s Chancellor, Olaf Scholz, said on Thursday, May 4, as he arrived in Kenya on a three-day trip in East Africa, that will also take him to Kenya. The visits are meant to advance talks on trade and co-operation […]

Africa Business Emerging Markets Headlines International

Gabon, Sierra Leone adhere to Fund for Export Development in Africa

Gabon and Sierra Leone have become member of the Fund for Export Development in Africa (FEDA), the impact investment arm of the African Export-Import Bank (“Afreximbank”), set up to support intra-African trade growth, value-add export development, and industrialization. “The accession of these two countries is a crucial step in strengthening its ability to provide significant […]

Africa Americas Emerging Markets Europe International

Nigerian doctors reject ‘anti-brain drain’ bill, as it is no solution to doctors’ exodus

Young doctors in Africa often go abroad to complete their studies and then end up staying there, which has resulted in a massive brain drain during this time of Covid-19. Nigeria has now joined a number of countries, including Morocco, Tunisia, Rwanda and Senegal, who have put countermeasures in place to prevent a mass exodus […]

Americas Community Emerging Markets Headlines International Morocco

American Jewish Committee hails Moroccan King’s protection of religious minorities

The American Jewish Committee has paid tribute to King Mohammed VI for his protection of the rights of religious minorities in the North African Kingdom. “We commend the role of the King as Commander of the Faithful, for His protection of religious minorities in Morocco”, said Jason Isaacson, AJC’s Chief Policy Officer after his meeting […]

Africa Business Emerging Markets International

Tanzania’s communication sector records impressive boom with 98% penetration

Tanzania’s communication sector has recorded a significant growth as it approaches the saturation point of 100% penetration, according to the Tanzania Communications Regulatory Authority (TCRA). Telecom penetration has almost reached its maximum potential, with numbers hovering around 98% in 2022 and the first quarter of 2023, the TCRA has said in its latest report, adding […]

Asia Business Egypt Emerging Markets International

Egypt seeks partnership with Japan on localization of automotive industry

Egypt’s General Authority for Investment and Free Zones has indicated that the North African country is seeking cooperation with Japan to localize the automobile industry. Hossam Heiba, Chairman of the authority, discussed with President of Toyota Tsusho a sustainable partnership between the two countries to conquer the African market, leveraging on Japan’s technological, investment and […]

Asia Business Emerging Markets Headlines International Morocco

Israel to open economic mission in Morocco as trade grows

Israel plans to set up an economic mission in Morocco to further bolster trade between the two countries after the momentum created by the resumption of ties in 2020. In 2022, trade between the two countries rose to 180 million, up 160% compared to 2020, with a potential to outperform that as Moroccan and Israel […]

Africa Business Emerging Markets Headlines International

Efficient ports are key to Africa’s future economic success

While the ability to export products or import inputs efficiently will be key to helping African countries engage more comprehensively with global trade, a new World Bank report finds that even many African countries with major sea ports can still take longer delays than the average European or North American country. As African countries heavily […]

Business Emerging Markets Europe Headlines International Morocco

UK-Morocco Political & Economic Cooperation Gaining Momentum

Morocco and the United the Kingdom are strengthening their economic partnership, trade exchanges and political dialogue to counter common international challenges. Total trade in goods and services (exports plus imports) between the UK and Morocco reached £3.1 billion in 2022, an increase of 49.8% or £1.0 billion recorded in 2021. The two countries are determined […]

Africa Emerging Markets Headlines International Morocco

UN: Morocco’s Ambassador Co-leads New Science, Technology and Innovation Coalition for Africa

Morocco’s Permanent Representative to the United Nations, Omar Hilale, has been appointed co-chair of the new Science, Technology, and Innovation Coalition for Africa (STI). Launched on Tuesday in New York by South Africa as part of Africa Day held on the sidelines of the United Nations ECOSOC’s Science and Technology Forum, the Coalition is also […]