Only 22% of the population in sub-Saharan Africa had access to mobile internet services at the end of 2021, says a recent report by the World Bank, arguing that lack of mobile internet access is hampering job creation and poverty reduction in the region. Despite the increased connectivity of the world, there are still significant […]
Emerging Markets
Egypt, Georgia ink agreement to promote investment cooperation
The General Authority for Investment and Free Zones’ (GAFI) CEO Hossam Haiba and CEO of Enterprise Georgia Mikheil Khidureli have signed a memorandum of understanding (MoU) to enhance investment cooperation between the two countries, the Egyptian side said in a statement on Monday. Enterprise Georgia is the corporate body responsible for promoting Georgian investment and […]
Morocco-U.S.A. strategic partnership reviewed this week in Washington
Moroccan Foreign Minister Nasser Bourita started Monday a working visit to Washington, as part of the regular consultations between the two countries that aim to consolidate their strategic partnership that has grown significantly in recent years in all areas and exchanging views on various regional and international issues. During this visit, Bourita will have a […]
US magazine ranks Morocco’s Rabat among 50 greatest destinations in 2023
Morocco’s capital city Rabat is among the 50 greatest destinations to explore in 2023, according to American news magazine Time. The ranking was based on steeper costs and increased interest in sustainability and authenticity. Artistic and cultural reinvention is bringing new life to the capital city of Rabat, the magazine wrote, noting that in 2023, […]
COM2023: Morocco calls for refocusing spending on better forms of social protection, income support
Morocco called, Monday in Addis Ababa before the 55th session of the Conference of African Ministers of Finance, Planning and Economic Development (COM2023), for refocusing spending on better targeted forms of social protection alongside income support. The Kingdom also pleaded for adequate political and technical support to initiatives aimed at facilitating cash transfers, such as […]
Africa’s top 500 companies: champions in mining, oil, construction powering ahead
‘A revival with fanfare’ is how the latest ranking of the most important 500 African companies drawn up by Jeune Afrique magazine might be best described, with profits amounting to $80,84bn in total. After analyzing the results of more than 1,200 companies, the French-language pan-African weekly news magazine unveiled its exclusive ranking of the 500 […]
Morocco’s Arma seeks African expansion
Like many state and private Moroccan companies, waste management company Arma said it plans to set up a waste management plant in Abidjan where it is finalizing deals with suppliers. The company’s CEO Youssef Ahizoun told Reuters the plastic waste recycling plant would be ready within few months. Arma investment would be the first by […]
Africa’s green hydrogen potential, vital for Europe’s future energy security
The European Union is eyeing the potential of Africa’s yet-to-be-developed green hydrogen industry, deepening climate and energy partnerships in the process, as evidenced by the recently inked $34 billion deal for a giant green hydrogen project in Mauritania. After a recent rush on Africa’s natural gas resources following the Russia-Ukraine war flare up in March […]
Brain drain: Africa to lose skilled workforce due to Germany’s new migration policy
Germany’s plan to establish migrant centers in five African countries to offer a select category of Africans the possibility of settling on its soil is likely to encourage brain drain, which will occur due to the exit of skilled people from the continent, experts have warned. The new fast-track procedure proposed for skilled labor essentially […]
Morocco plans further incentives to curb informal sector
Morocco plans to introduce subsidies to help small companies leave the informal sector, employment minister Younes Sekkouri said. The aid consists of 10000 dirhams to subsidize rent payments of small companies to help them integrate the formal sector, Sekkouri said. Sekkouri deplored that 70% of Moroccan entrepreneurs are operating in the underground economy. He also […]









