Africa Emerging Markets Europe Headlines International Morocco

Morocco’s Royal Atlantic Initiative showcased in Russia’s Sochi

Morocco’s foreign minister Nasser Bourita highlighted the Kingdom’s south-south cooperation approach in Africa as evidenced by the Atlantic Initiative, that was launched by King Mohammed VI to give access to the ocean and global trade to landlocked Sahel states. Bourita was speaking at a Russia-Africa partnership forum in Sochi hosted by the Russian government. Bourita […]

Africa Emerging Markets Europe Headlines International

Russia on charm offensive in Africa

Russia is holding a conference with African officials in Sochi to strengthen its foothold in a resource-rich continent where global powers vie for influence. Speaking at the event, Putin promised to help African countries with sustainable development and in combating terrorism. The conference is another chance for Russia to downplay the impact of Western sanctions […]

Africa Business Community Headlines International

River floods put Senegal’s food security at risk

A flooding that hit the main farming region of Podor in eastern Senegal is threatening the country’s food security. The flooding of the Senegal river destroyed farmlands in Podor, which supplies about 46% of the country’s onion needs and disrupted the ploughing and sowing season. For more than a month, vast areas have remained drowned […]

Egypt Finance Headlines

Egypt’s annual core inflation records 24.4% in October according to Central bank

Egypt’s annual core inflation rate stood at 24.4% in October 2024, showing a slight decrease from 25% in September 2024, according to data released by the Central Bank of Egypt (CBE). This figure, which excludes volatile items like food and energy, indicates a modest easing of inflationary pressures. The monthly core Consumer Price Index (CPI) […]

Africa Columns Emerging Markets Europe Headlines International Maghreb Morocco

Russia-Africa Forum: Morocco says peace in Africa hinges on respect of territorial integrity of African countries

Morocco has reaffirmed in Sochi (Russia) that there can be no peace or prosperity in Africa without the respect of the sovereignty and territorial integrity of African states. Addressing the first ministerial conference of the Russia-Africa Partnership Forum, convening in the Black Sea city of Sochi Nov.9-10, Moroccan foreign minister Nasser Bourita also called for […]

Algeria Business Columns Europe Headlines International Maghreb

Algeria resumes trade with Spain as it wages trade war with France

Algeria has ordered the resumption of trade with Spain as it installs trade curbs with France in retaliation for Paris support for Morocco’s sovereignty over the Sahara territory. The trade wars with European powerhouses reflects Algeria’s standing as the main adversary of Morocco on the Sahara issue, in which Algiers has used the Polisario proxies […]

Africa Algeria Columns Emerging Markets Europe Headlines International Morocco

Russia–Africa Forum: Moscow refuses again Polisario’s participation, dealing another blow to Algerian Regime

Moscow has excluded the Algeria-backed Polisario separatists from participating in the first ministerial conference of the Russia-Africa Partnership Forum, dealing another humiliating blow to the ruling Algerian junta. Moroccan foreign minister Nasser Bourita is representing the Kingdom in the two-day event which opened Saturday in the city of Sochi. The conference is attended by government […]

Americas Business Headlines International Morocco

Morocco to import Brazilian olive oil

Brazil will be exporting olive oil to Morocco, where consecutive droughts compromised the domestic harvest and sent prices higher. The decision was announced by Brazil’s farming ministry, which said Morocco was the third destination for Brazil’s agricultural exports to Africa. In 2023, Morocco imported from Brazil $1.23 billion-worth of agricultural goods. In the first nine […]

Emerging Markets Headlines Morocco

Tangier, Morocco’s second largest city after Casablanca

The 2024 census showed that Tangier has become Morocco’s second largest city, out populated by Casablanca and followed by Fez. Casablanca retained its standing as the most populous city with 3.23 million, followed by Tangier (1.27 mln), Fez (1.18 mln), Marrakech (1.15 mln), Sale (945k), Meknes (526k) and the capital Rabat (516k), according to a […]

Business Emerging Markets Lifestyle Technology

Increasing mobile internet usage could add $795 billion to Africa’s GDP

Africa’s digital transformation is well underway, with mobile internet emerging as a significant catalyst for economic growth. A report by ‘The Economist Intelligence Unit’ estimates that expanded mobile internet use could contribute as much as $795 billion to the continent’s GDP. This opportunity aligns with the growing role of digital technology in Africa’s economic and […]