First Independent Mena Newspaper
The effects from the COVID-19 pandemic aftershocks and the Ukrainian crisis have led to rising commodity prices, surging inflation, and shifts in the global financial situation that have transformed African trade and production capabilities, according to the latest figures published by the International Monetary Fund (IMF). After over-performing in its post-pandemic recovery in 2021, Africa’s […]
The 5th edition of the YouthConnekt Africa summit that ended in Kigali, Rwanda, on Saturday (15 October) was attended by thousands of young innovators and leaders from all across the world who discussed different ways to promote growth and advancement for the youth of the African continent. This year’s summit — on the theme “Accelerating […]
Zambia is hosting a two-day business summit in Lusaka this week to try to attract American investors to the country, in effort to diversify the economy and decrease dependence on extractive industries such as copper, according to Zambian officials. Moving away from dependence on extractive industries, which account for most of the country’s exports, is […]
India has halted all production at Maiden Pharmaceuticals’ main factory near New Delhi after a WHO report that the company’s cough syrups exported to the Gambia may be linked to the deaths of dozens of children there. The recent incident which has claimed the lives of 69 children, according to WHO, has come as a […]
Through its $1bn five-year investment plan, US tech giant Google wants to tap into the African concept of “Ubuntu”, which was originally meant to pivot pan Africanism. Proponents of Ubuntu philosophy, such as South African fallen cleric Desmond Tutu, see it as a universal bond of sharing that connects all humanity — in this case […]
Members of the Association of British Travel Agents (ABTA) are meeting in Marrakesh to discuss the industry issues, challenges and the future of travel & tourism. This year’s ABTA oversea travel convention, taking place from 10 to 12 October in Morocco’s red city, marks a return to in-person meetings after two-years of restrictions due to […]
Ghana is a classic case of emerging economies in Africa and other parts of the world who have been caught in a perfect storm and are struggling to service their foreign currency denominated loans owing to a strengthening US dollar, rising global interest rates and that is made worse by their excessive borrowing. Ghana is […]
While Kenya’s newly elected President William Ruto, ran his election campaign on an anti-China platform, the language of his new administration now stands in a sharp contrast with the strident tones he used on the campaign trail. During his campaign, Ruto talked tough on China, vowing to deport Chinese nationals doing jobs he said should […]
The European Bank for Reconstruction and Development (EBRD) expects Moroccan economic growth to decelerate to 1.1 per cent in 2022, before rebounding the following year thanks to the anticipated agricultural performance and return of other sectors to pre-pandemic levels. In its Regional Economic Prospects report released this Wednesday, the Bank says economic recovery in Morocco […]
Congo and Russia have signed five memorandum of Understanding (MoU) including the construction of an oil-pipeline in the capital Brazzaville. The agreements were inked at the end of both countries’ joint intergovernmental commission meeting in the Congolese capital. Deals span Information and communication technologies, health, research, technological innovation, culture and sports. Congo’s Minister of International […]