Africa Business Emerging Markets Headlines International

East African economies powering ahead, EAC may become continent’s next regional powerhouse

East Africa could soon become Africa’s economic powerhouse if ongoing plans to expand the seven-member East African Community (EAC) are implemented successfully, as latest figures from the International Monetary Fund (IMF) indicate. The EAC’s gross domestic product is expected to hit $346.17 billion in 2023, according to the IMF’s latest forecast, which can be attributed […]

Africa Business Emerging Markets International

Tanzania’s, Kenya’s flag carriers explore new cargo partnership

Air Tanzania Company Limited and Kenya Airways top officials have met to discuss the possibility for a cargo transportation collaboration aiming to increase value and reduce operating coasts. Kenya Airways Group managing director Allan Kilavuka, who visited Tanzania recently, said in a statement that the two airlines could cooperate in different areas, particularly in cargo […]

Business Emerging Markets Europe Headlines International Morocco

UK Parliament: Morocco showcases inclusive development of Saharan Provinces

Several British lawmakers were briefed earlier this week at the UK Parliament on the social and economic development achieved in Morocco’s southern provinces, and on the autonomy plan offered by Morocco for the Sahara under its sovereignty. After presentations made by member of Dakhla Oued-Eddahab regional council Mrs. Ghalla Bahiya, and Morocco’s Ambassador to UK […]

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Kenya’s China dilemma: between foreign investment and dependency

While Kenya’s government is targeting Chinese investors to establish manufacturing plants in its special economic zones to boost exports, thousands of local traders have protested in the capital Nairobi against the ‘unfair” competition from Chinese traders. The government is offering Chinese investors a value proposition that the East African country is the premier investment destination […]

Business Emerging Markets Europe Headlines International Morocco

Morocco, a friend and key Spanish ally- Pedro Sanchez says

Spanish Prime Minister Pedro Sanchez has once again dissipated the fog that some extreme-left and anti-Moroccan circles wish to create, reiterating Morocco’s standing as a friend and key ally for Spain. “Morocco is a friend and a key ally for Spain’s economic development and our gateway to Africa. It is also an ally in security […]

Africa Emerging Markets International

Nigeria: Harvest devastated by severe flooding, millions in desperate need of food

Heavy rains destroyed 700,000ha of farmland in northern Nigeria, wiping out the main source of income for thousands of households and worsening the food security crisis. The Director-General of the National Emergency Management Agency (NEMA), Mustapha Ahmed, last month issued a warning of upcoming severe flooding this year as indicated by predictions from relevant agencies. […]

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African air travel demand sees strong growth, on track to reach pre-covid levels

African air travel has made a robust recovery, with the traffic in March having reached 94.8% of pre-pandemic levels of 2019, as more international routes and tourism reopened, the African Airlines Association (AFRAA) has said in a new report. Africa’s airlines have almost returned to pre-pandemic traffic levels, according to the report, noting that domestic […]

Business Emerging Markets Europe Headlines International Morocco

Two UK companies to build mega-algae production plant in Morocco

Brilliant Planet, an emerging leader in nature-based carbon dioxide removal (CDR) and Mott MacDonald, the global engineering, development & management consultancy, will build in Morocco the largest algae production facility in the world. The announcement was made Friday by the two UK companies in a joint press release. The Moroccan plant will be commissioned in […]

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Morocco becomes representative of Arab Maghreb Union at African Union, another blow to Algeria

Morocco has gained an important post within the African Union, dealing a hard blow to the Algerian regime which has lost regional and international lust, becoming just an empty shell. Moroccan diplomat Amina Selmane has presented lately to AU Commission chairperson Moussa Faki Mahamat her credentials as the Permanent Representative of the Arab Maghreb Union […]

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African Lion 2023, final planning meeting held in Agadir

The final planning meeting of the exercise “African Lion 2023” was held at the level of the South Zone Staff in Agadir from this April 12 to 16. During the meeting, held at the instructions of the King, Supreme Commander and Chief of General Staff of the Royal Armed Forces (FAR), representatives of the FAR […]