Africa Business Features Finance Headlines International

Remittance costs in Sub-Saharan Africa remain high despite fintech’s effort to slash fees

Sub-Saharan Africa remains the world’s most expensive region when it comes to transferring remittances, with an average cost of transferring money of 8.37% in the second quarter of 2024, according to the World Bank’s most recent report. This cost remains significantly above the global average, despite the increasing importance of remittances in the region’s economies. […]

Columns Emerging Markets Europe Headlines International Morocco

France willing to expand consular presence to Sahara – Senate President

President of the French Senate Gérard Larcher raised the need for an expanded French consular service that covers the Moroccan Sahara, which he called the Southern Provinces of Morocco. The call echoes a previous promise by French Foreign Minister Jean-Noël Barrot during president Macron’s visit to Rabat in October 2024. Since Paris backed Morocco’s sovereignty […]

Business Emerging Markets Headlines Morocco

Maroc Telecom appoints Benchaaboun new chair

Maroc Telecom, a Moroccan company with branches across Africa, announced the appointment of Mohamed Benchaaboun as new chair, succeeding Abdeslam Ahizoune who has led the company since 1999. The decision was taken by Maroc Telecom’s Supervisory Board which offered Benchaaboun a two-year term, while thanking Ahizoune for spearheading its expansion in Africa. Besides Morocco, the […]

Africa Emerging Markets Headlines International Morocco

Cabo Verde reiterates steadfast support for Morocco’s territorial integrity, commends King’s Africa-oriented initiatives

Cabo Verde has reiterated, on Tuesday, its steadfast position in support of Morocco’s territorial integrity and sovereignty over its entire territory, including the Sahara region. The supportive stand was expressed by Minister of Foreign Affairs, José Filomeno de Carvalho Dias Monteiro, at a press briefing in Rabat following his meeting with his Moroccan peer Nasser […]

Africa Business Emerging Markets Europe Headlines International Morocco

Sahara: International Fishing Tourism Federation set up in Dakhla

The first International Federation of Fishing Tourism has been established lately in the Moroccan Saharan city of Dakhla in the presence of professional sport-fishermen, and national and foreign tourism operators. Representatives of several countries including Spain, Italy, Turkey, Greece, Tunisia and Mauritania took part in the Constitutive Assembly of this new entity which elected the […]

Americas Business Emerging Markets Headlines International Morocco

Morocco & Brazil join forces to develop innovative farming solutions to ensure food security

Morocco’s Mohammed VI Polytechnic University, OCP Group, and Brazil’s agriculture agency Embrapa have agreed to enhance cooperation in R&D to advance sustainable agriculture. Under the agreement sealed Monday, the three partners pledge to develop innovative solutions ensuring food security through the implementation of joint projects focusing on advanced agricultural technologies, training of researchers & students […]

Americas Emerging Markets Headlines International Maghreb Morocco

El Salvador reiterates support for Morocco’s full sovereignty over its entire Sahara

The Republic of El Salvador has reaffirmed steadfast support for Morocco’s territorial integrity and sovereignty over its entire Saharan territory. The supportive stand was voiced by Mr. Félix Ulloa, vice-President of this Central American country during a meeting held Monday in San Salvador with Fouad Yazourh, Director of International Political Affairs at Moroccan foreign Ministry […]

Africa Emerging Markets Headlines International Libya

Libya, Somalia forge partnerships in investment, education

Libya and Somalia have signed several Memoranda of Understanding providing for fostering cooperation in investments, educational exchanges, and training opportunities, which are crucial for building human capital and strengthening both nations’ socio-economic development. The deals were signed during talks in Tripoli between President of the Libyan Presidential Council Mohamed Younes El-Menfi and visiting Somali President […]

Business Emerging Markets Features Headlines

Volkswagen Group Africa delivers strong export growth in 2024, eyes expansion plans in 2025

Volkswagen Group Africa (VWGA) is celebrating a significant achievement in 2024, setting a new export record with 131,485 vehicles shipped, marking a 21% increase over the previous record of 108,422 vehicles in 2019. This milestone highlights the company’s strengthened global presence, with its plant in Kariega, South Africa, being the sole exporter of Polo models […]

Africa Business Emerging Markets Headlines International

Congo halts cobalt exports following glut

The Democratic Republic of the Congo said it will stop exporting cobalt for four months amid an oversupply in the global market. Since the beginning of the year, cobalt oversupply sent prices down by approximately 11.32%. DRC is the world’s largest cobalt producer with some two thirds of global reserves. Cobalt is a rare metal […]