Africa Business Emerging Markets Headlines International Morocco

Morocco’s OCP carries on support to African farmers

Morocco’s OCP group, which elaborated a program to support African farmers as the continent faces a food security crisis, has donated 5,000 tons of fertilizers to smallholder farmers in Mauritania and struck a partnership with Kenya’s Ministry of Agriculture to launch soil mapping exercises for over 100 participants. The fertilizers donated to Mauritania will benefit […]

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State Department hails Morocco’s ‘extremely important’ participation in U.S.-Africa Summit

The U.S. State Department welcomed, Thursday, the “extremely important” participation of Morocco in U.S.-Africa leaders Summit, held in Washington December 13 to 15. “Having Morocco here (at the summit in Washington) is extremely important,” said Robert Scott, U.S. Assistant Secretary for African Affairs at the State Department, in a statement to the press on the […]

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King Mohammed VI represented at U.S.-Africa Leaders Summitby Head of Government

King Mohammed VI is represented at the US-Africa Leaders Summit by Head of Government Aziz Akhannouch. The Summit is hosted by President Joe Biden in Washington this December 13 to 15. The summit, which brings together representatives of some 50 countries, civil society and the private sector of the African continent, in addition to officials […]

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Challenges facing Arab region are sometimes due to policies and behaviors of some Arab countries towards others -King

The challenges which the countries of the Arab region are currently facing, and which threaten their security and stability, are sometimes due to the policies and behaviors of some Arab countries towards other Arab nations, said King Mohammed VI. In a speech to the 1st China-Arab Summit, held Friday in Riyadh, Saudi Arabia, the Sovereign […]

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Nigeria caps weekly cash withdrawals, Moody’s warns of ‘very high’ foreign currency risks

Nigeria’s central bank has imposed restrictions on weekly cash withdrawals to limit the use of cash as credit agency Moody’s warned that the country’s banks face tough challenges over a dollar shortage. Foreign currency risk is “very high” for Nigeria’s banking system, according to a report by Moody’s. Nigeria is one of seven countries worldwide […]

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Climate Commissions of Congo Basin & Sahel: 24 African countries meet in Casablanca

Twenty-four African countries, member of the Congo Basin and Sahel Climate Commissions are gathered in Casablanca for an exchange and capacity building session, held at the initiative of the Climate Change Competence Center (4C Morocco), in partnership with the United Nations Development Program (UNDP). The session, to run till dec.9, features two workshops focusing on […]

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Morocco & UK Central Banks hold workshop on cybersecurity for top African & Mideastern bankers

Nearly 30 senior executives representing twenty Central Banks from Africa and the Middle East attended a cybersecurity workshop organized Nov.28-29 in Rabat by Morocco’s Bank Al-Maghrib and the Bank of England (BoE). The meeting was opportunity for the banking experts to exchange experiences and views on cybersecurity. The debates focused on topics related to cybersecurity […]

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Morocco on track to produce drones

As part of its defense industry strategy, Morocco is on track to produce reconnaissance and combat drones in partnership with Israel, according to a parliamentary report. The two countries had signed a defense pact following the restoration of their diplomatic ties. Moroccan and Israeli top generals met on multiple occasions and Rabat had received a […]

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Kenya, South Africa mulling plan to launch continental airline

Kenya Airways (KQ) and South African Airways (SA) are collaborating to form a pan-African airline, Zawya reports citing Kenyan Wall Street Exchange. Leaders of both countries namely William Ruto of Kenya and South Africa’s Cyril Ramaphosa are discussing the feasibility of the project. “We have agreed that that agreement should be progressed forward as it […]

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AIF 2022 attracts record investment pledges, but fails in solving Africa’s infrastructure paradox

This year’s African Investment Forum (AIF), the continent’s premier investment platform, attracted a record $63.8bn in investment pledges for infrastructure projects, but experts warn of historically low success rates in bringing projects into fruition. The vast networking event brings together African entrepreneurs, decision-makers, bankers. In 72 hours, the African Development Bank (AfDB) and its partners […]