Business Emerging Markets Europe Headlines International Morocco

France’s AFD to start investing in Moroccan Sahara, says Group’s CEO

The French Development Agency (AFD) will start investing in the Moroccan Sahara, announced the agency’s CEO, Rémy Rioux, who is planning to visit the Kingdom’s southern provinces. “The AFD Group will invest in the Sahara, a link between Morocco and its neighboring countries. I will soon visit Laâyoun and Dakhla to meet the local population,” […]

Africa Americas Finance Headlines International

Historic debt relief agreement marks new chapter in US-Somalia relations

Somalia has achieved a significant financial breakthrough with the United States agreeing to cancel more than $1.1 billion in outstanding loans, representing approximately one-quarter of the nation’s remaining debt burden. This historic agreement marks a crucial step in Somalia’s economic recovery from decades of financial isolation. The debt, largely accumulated during the military dictatorship that […]

Asia Business Emerging Markets International

China boosts support for Africa’s least-developed countries to attend November expo

The upcoming 2nd edition of China International Supply Chain Expo (CISCE) will see higher participation from the least-developed countries, especially from Africa, in part in an attempt to showcase China’s resilience against trade barriers from the United States and other trade partners. The organizers of the CISCE that kicks off in Beijing on 26 November […]

Business Columns Headlines International Morocco

King Mohammed VI orders setting up of Mohammadia Foundation for Moroccans Residing Abroad

King Mohammed VI has ordered the setting up of the Mohammadia Foundation for Moroccans Residing Abroad that shall serve as the executive arm of Moroccan policy towards its nationals abroad, part of a large overhaul of institutions taking care of the Moroccan diaspora. This came in a royal speech marking the 49th anniversary of the […]

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Tourism: Morocco crowned ‘most welcoming destination’ at London WTM

Morocco’s National Tourist Office (ONMT) received the “Most Welcoming Destination” award on Tuesday evening at the Arab Travel Awards, held on the sidelines of the World Travel Market (WTM), which runs from November 5 to 7 in London. At the 2024 edition of the WTM, the ONMT highlighted Morocco’s offer through a vast 800-square-meter pavilion, […]

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Morocco & Algeria among countries taking part in naval exercise “Phoenix Express 24” organized by AFRICOM

Royal Moroccan Navy is taking part in the multinational maritime exercise “Phoenix Express 24” sponsored by U.S. Africa Command and executed by the U.S. Naval Forces Europe and Africa (NAVAF). The exercise, organized in the Tunisian waters November 4 to 15, brings together 1,100 maritime forces and observers from 12 countries including Algeria, Libya, Mauritania, […]

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Africa Risk-Reward Index highlights shifting investment landscape amid major political shifts

The DRC, Kenya and Uganda have been ranked by the latest edition of the Africa Risk-Reward Index 2024 as the riskiest investment destinations in East Africa, largely blamed on political, social and economic threats, while Rwanda stands out as the safest investment destination in the region. This authoritative report has been recently launched by the […]

Emerging Markets Energy Headlines Morocco

Morocco considers Tan Tan port for green hydrogen exports

Morocco’s port agency ANP has launched a tender for a study to transform the Atlantic Port of Tan Tan into a green hydrogen export hub. The port is part of a Moroccan green hydrogen offer that was unveiled last March, dedicating 300,000 hectares to green hydrogen projects. So far, the agency in charge of filtering […]

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What US elections could mean for Africa’s trade and investment

The upcoming high-stakes presidential election in the United States will be consequential to every region of the world, not least Africa, as its result will determine the nature of future interactions between this leading global power and African countries, according to experts and observers. While Democratic Vice President Kamala Harris and Republican former President Donald […]

Africa Business Emerging Markets Headlines International Mauritania

Mauritania/Senegal: Towards strengthened cooperation

The thirteenth session of the Mauritania-Senegal Joint Cooperation Commission, held in Nouakchott, reviews existing agreements and explores new areas for mutually beneficial collaboration. This year’s session prioritized sectors crucial to economic and social development, including fisheries, energy, transport, higher education, livestock, trade, and digital technology. The discussions aim to produce recommendations that will shape future […]