Category: Business

Morocco, only country in Africa having FTA with USA, State Department Report

July 30, 2022

Morocco is the only country on the African continent with a Free Trade Agreement (FTA) with the United States, eliminating tariffs on more than 95 ... Read More

Morocco, UK building thriving partnerships in trade, green finance – British Official

July 29, 2022

Morocco and the United Kingdom are building thriving partnerships, including in trade, green finance and education, said the British Minister of State for Foreign Affairs ... Read More

D-8 meeting: Nigeria, Egypt and other developing nations seek to deal with currency, energy and food crises

July 28, 2022

More cooperation was needed among developing nations to overcome dwindling foreign currency reserves, a growing energy crisis and supply chain disruptions, according to business leaders ... Read More

Greening Africa: Kanga seeks to raise $500m capital for its potash project in Congo

July 28, 2022

Kanga Potash, a world class, low-cost potash project developer, is seeking to raise about $500m for the first phase of its potash development project north ... Read More

KSA: BinDawood takes majority stakes in French company Ykone

July 27, 2022

Saudi Arabian retailer BinDawood Holding has acquired 80.5% stake in Paris-based marketing agency Ykone through its wholly owned subsidiary Future Technology Retail (FTR), Zawya reports. ... Read More

Morocco to benefit from U.S. food coating technology to cut post-harvest crop loss

July 27, 2022

UM6P Ventures, the venture-capital arm of Mohammed VI Polytechnic University, has become a shareholder of U.S. Akorn Technology, a Silicon Valley start-up and innovator in ... Read More

Somalia’s banking: Turkish and Egyptian banks issued first post-war licenses

July 27, 2022

Central Bank of Somalia (CBS) has recently granted its first two foreign banking licenses — to Turkey’s Ziraat Katılım bank and Egypt’s Banque Misr — ... Read More

Morocco: Bank Card holders increased to nearly 18 Mln in 2021

July 27, 2022

The number of bank cards increased in Morocco by 4.1 pc in 2021, compared to the previous year, reaching 17.9 million, says Morocco’s Central Bank ... Read More

Forex: falling euro drags CFA franc down, importing inflation and deepening debt

July 26, 2022

With the euro having recently declined to less than one US dollar, this development has a direct impact on the CFA franc, which has a ... Read More

Inflation: fears of unrest in SA, Uganda looming large as food prices soar

July 26, 2022

The rising price of basic foods is worsening South Africa's food security crisis which could increase social instability and spark a repeat of the devastating ... Read More