Business Emerging Markets Europe Headlines International Morocco

Developing multi-dimensional partnership between Morocco, Austria highlighted in Vienna

A conference tackling the development of a multi-dimensional partnership between Morocco and Austria was held in Vienna on Wednesday, at the initiative of Moroccan Millennium Leaders (MML) and Austria’s Young Professional Network. A number of elected representatives, economic operators, community actors and academics attended this event, part of the Moroccan civil society’s commitment to promoting […]

Africa Emerging Markets Energy Headlines International

Rush for lithium in Africa reveals dark side of green energy, as it fails citizens, fuels corruption

As China has come to dominate global supply chains for critical raw materials (CRM) over the last two decades, the European Union and the United States have played a catch-up in race for the control of the CRM supplies — with African countries being “caught in the cross-fire”. Faced with China’s lithium mining head-start, the […]

Africa Finance Headlines International

Nigeria’s inflation nears 40% on back of higher food prices

Higher food prices triggered a surge in the inflation rate to 33.9% in Nigeria in October, up from 32.7% a month earlier, the national statistics agency said. The jump was attributed to a steep rise in the prices of staples such as maize, rice, and cooking oil, the agency said. In a bid to tame […]

Africa Business Headlines International

Australian mining company accepts to pay Mali $160mln in tax dispute

Australian mining company, Resolute Mining, said it has accepted to pay $160 million to settle a tax dispute with the Mali government, after authorities detained its British CEO. The company agreed to an immediate settlement of $80mln from available funds, with the rest to be paid later, the media reported. The CEO was detained along […]

Africa Emerging Markets Headlines International

Senegal holds legislative elections with key reforms at stake

The Senegalese have voted on Sunday in parliamentary elections that will determine if President Faye can carry on with an ambitious reform agenda. Pools closed the same day with results yet to be announced for the 165-seat parliament, where Faye does not have majority. Faye, who achieved victory in March’s presidential election, dissolved parliament in […]

Africa Emerging Markets Headlines International Morocco

Morocco’s OCP Africa launches agricultural service centers in Rwanda

OCP Africa, a subsidiary of Morocco’s OCP Group, recently launched an Agricultural Service Centers project in Rwanda, with a view to supporting small farmers and boosting productivity in this East African country. This transformative initiative was launched in partnership with the Rwanda Fertilizer Company (RFC) and the international NGO Cultivating New Frontiers in Agriculture (CNFA). […]

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EU trawlers to leave Senegalese waters

The EU said it will not renew a fisheries deal with Senegal, whom it accused of non-cooperating on illegal fishing. The EU delegation in the West African country also accused Senegal of “failures in monitoring, control, and surveillance systems” on Senegalese ships in extraterritorial waters as well as on foreign vessels in the port of […]

Business Emerging Markets Headlines Morocco

Morocco exempts military industry operators from corporate tax

In a latest measure to spur the defense industry, the Moroccan government adopted a decree exempting investors from corporate tax. The tax break will benefit manufacturers of defense equipment, weapons, and ammunition, the spokesman for the government said following a cabinet meeting. In June, the government approved a bill to set up two industrial acceleration […]