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Andean Parliament President voices support for Morocco’s territorial integrity

President of the Andean Parliament, Gustavo Pacheco Villar, has expressed his support for Morocco’s territorial integrity and sovereignty over its Sahara, and praised the Kingdom’s commitment to upholding international law. In a statement to the press following a meeting in Rabat Wednesday with Morocco’s Minister of Foreign Affairs, Nasser Bourita, the President of the Andean […]

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Trump announces sweeping global tariffs, targeting also 51 African nations

US president Donald Trump has unveiled a controversial new tariff policy, imposing sweeping duties on imports from over 180 countries, including 51 African nations. The tariffs, which include a baseline 10% on all imports and higher duties on certain countries, are part of Trump’s strategy to combat what he describes as unfair trade practices that […]

Africa Business Egypt Emerging Markets Headlines International Morocco

Public-Private Partnerships in Africa: Leaders emerge, others struggle

A clear divide has emerged in Africa’s public-private partnership (PPP) landscape, with five nations, including Morocco and Egypt, establishing themselves as continental leaders while others face significant challenges in attracting and managing private investment for public infrastructure. Morocco, which is part of the leaders’ tier, has developed a holistic strategy centered around landmark achievements in […]

Business Emerging Markets Europe Headlines International Morocco

Boluda Towage, Marsa Maroc to ensure towage at Nador West Med

Boluda Towage France, a subsidiary of the global leader in maritime towing “Boluda Corporación Marítima”, and Marsa Maroc, won a tender to ensure towing and assistance activities at Nador West Med port for 20 years, starting from the fourth quarter of 2026. The consortium will establish a joint venture to manage this operating license and […]

Energy Finance Headlines Libya

Libyan National Oil Corporation under pressure as Barter System ends

The Libyan National Oil Corporation (NOC) is facing growing pressure to settle its refined oil products import bills as the country’s long-standing barter system comes to an end. While fuel imports continued into Libya in March, the NOC remains unable to pay for these supplies, a situation compounded by the country’s declining oil revenues. The […]

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Gulf states expand economic influence in Africa, challenging European dominance — ECFR report

In recent years, the Gulf monarchies have pivoted towards a more geo-economic strategy in Africa, diversifying their engagements from security and political interests to economic development, says a new report by the European Council on Foreign Relation (ECFR), noting that the Gulf expansion could also exacerbate the ongoing decline in European involvement in the continent. […]

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Poor infrastructure hampering intra-Africa trade, report finds

A recent report by the Mauritius Commercial Bank Group has highlighted the significant barriers posed by Africa’s inadequate transport and logistics infrastructure, which continue to hinder the region’s trade potential. Despite Africa’s growing economy, intra-Africa trade still accounts for a mere 16% of the continent’s total trade. The report, entitled ‘Harnessing Africa’s Trade Potential: Strategies […]

Africa Finance Headlines International

Burkina Faso, Mali, Niger introduce 0.5% import tax to fund AES activities

Burkina Faso, Mali, and Niger have introduced a 0.5% tariff on goods imported from third countries, a move aimed at financing their activities within the Alliance of Sahel States (AES). This new tax, named the “AES confederal levy,” will apply to products entering the three countries but will exclude goods from other AES members, as […]

Business Emerging Markets Energy Headlines Morocco

Tanger Med 100% green: leading maritime sustainability

The Tanger Med port complex has achieved a significant environmental milestone by switching to 100% renewable energy as of January 1, 2025, as part of its ambitious plan to reach carbon neutrality by 2030. This initiative is backed by substantial investments of approximately 2 billion dirhams aimed at transforming the port’s energy infrastructure and reducing […]

Emerging Markets Finance Headlines Mauritania

World Bank approves $82.5 million funding to boost Mauritania’s energy and mineral resources

The World Bank approved the “DREAM” project, a major initiative aimed at supporting the development of energy resources and the mineral sector in Mauritania. With a funding of $82.5 million, the project is set to enhance the country’s energy infrastructure by developing electricity storage systems, advancing battery technology, and fostering the growth of green hydrogen. […]