Business Emerging Markets

Togo launches Yearbook Togo 2022-2023 report to lure investors

Togo’s Minister for Investment, Rose Kayi Mivedor, unveiled Tuesday Yearbook Togo 2022-2023, an economic report presenting the country’s economic potential, as a tool to lure Foreign Direct Investment (FDI). “The Yearbook Togo 2022-2023 was published with the aim of making economic data accessible and providing an overview of achievements – completed and in progress – […]

Business Emerging Markets

Côte d’Ivoire plans to increase to 30 per cent domestic production of medicine by 2025

Côte d’Ivoire is mulling plans to bring to 30 per cent the national production of medicine by 2025, up from current 6 per cent, Health Minister Pierre N’Gou Dimba said last Sunday. “In the roadmap that the President of the Republic gave me as Minister of Health, it is to increase from 6% to 30% […]

Business Emerging Markets

State of Angola’s economy taking centre stage in the polls

After the last decades of civil war, an oil boom, corruption scandals, the state of Angola’s economy will be one of the biggest and most decisive issues when the country’s citizens go to the polls on Wednesday (24 August). Millions of Angolan youths are voting for the first time in the country’s 5th election since […]

Asia Business Emerging Markets International

Bahrain to launch first home-made satellite in December 2023

Bahrain will launch its first 100 percent locally-built satellite by the end of December 2023, the commander of the royal court announced Sunday, Arab News reports. Sheikh Nasser bin Hamad Al-Khalifa indicated that a group of Bahraini youth who are qualified in the field of space science and technology will contribute to building the satellite. […]

Business Emerging Markets

Dubai Esports Festival to kick start on Nov. 11

Dubai will host in November 11-20 the Esports Festival, Dubai Esports Festival (DEF2022), at Dubai Exhibition Centre at District 2020, reports say. DEF 2022 will be the first international leisure event to be held at the Dubai Exhibition Centre following Expo 2020. VSPN, a global leader in esports, is the leading partner for the event. […]

Business Emerging Markets

Emirates suspends all Nigeria flights from September over blocked funds

The Dubai-based Emirates airline will suspend all flights to Nigeria from 1 September after the West African country has failed to repatriate millions of dollars of its funds. The airline said it took the “difficult decision” in order to limit further losses, citing circumstances “beyond our control”, in a statement on Thursday (18 August). Emirates […]

Business Emerging Markets Europe Headlines International

UK to cut import taxes on 99% of goods imported from Africa

The United Kingdom is to cut import taxes on hundreds more products from some of the world’s poorest countries, which is a part of its wider push to use trade to “drive prosperity and help eradicate poverty”, as well as reduce dependency on aid. The Department for International Trade said Monday (15 August) the scheme […]

Business Emerging Markets Energy

Amid energy crisis, EU gives gas-rich Mozambique’s security big boost

The European Union is planning a five-fold increase in financial support to 2024 for the mission of the Southern African Development Community’s (SADC) in Mozambique, according to an internal EU document, as Islamist attacks threaten gas projects meant to reduce the EU’s reliance on Russian energy. The SADC mission — a bloc of 16 African […]

Business Emerging Markets Energy

EU imports of South African coal surge eight-fold, replacing Russian fossil fuels

South Africa’s coal sales to Europe rose eight-fold during the first six months of 2022 compared with last year as demand for the fossil fuel surged ahead of a ban on Russian coal, according to Thungela Resources, a South Africa-based thermal coal exporter. The European Union banned Russian coal imports in response to the invasion […]

Business Emerging Markets Headlines Morocco

Morocco’s automotive sector prepares for shift to electric vehicles

Morocco’s growing automotive sector is preparing the ground for the shift to electric vehicles as the country ambitions to set up a battery factory and further bolster the competitiveness of local part makers. In a push to achieve zero emission quest by 2050, the EU imposed a ban on petrol and diesel cars from 2035. […]