Africa Asia Business Emerging Markets Headlines International

Africa at critical juncture: as China slows, continent needs to diversify economic partners

With Chinese lending to Africa shrinking, the continent must focus on increasing its internal trade, diversifying trade-able goods away from commodities, and developing and solidifying its relationships with other global economic partners, according to a senior official at the Asia Business Council. The continent has long had robust economic ties with China, but now faces […]

Business Emerging Markets Energy Headlines International Morocco

OCP Group, Jet Energy announce a mega project of four photovoltaic plants in Morocco

The world’s leading producer of phosphate fertilizers, OCP Group, has announced the launch of the construction of four photovoltaic plants in the mining cities of Benguerir and Khouribga in Morocco. This large-scale project, with a total capacity exceeding 200 megawatts (MW), represents a crucial step in OCP’s sustainable development strategy, and translates its growing commitment […]

Columns Emerging Markets Headlines Morocco

Morocco’s King oversees emergency water supply plan amid drought

King Mohammed VI chaired a meeting on the measures to ensure water supply amid a severe drought that left many key dams empty. Speaking at the meeting, water minister Nizar Baraka said dam filling rate dropped to a critical 23.2% so far in January, compared to 31.5% in the same period last year, due to […]

Business Emerging Markets Headlines Morocco

Morocco: Air traffic chatters the records with over 27 Mln Passengers in 2023

The number of passengers transiting through Moroccan airports rose 32% in 2023 to 27 million people, indicating a recovery of the tourism sector and the growing importance of the Casablanca hub for travelers to and from Africa. The national airports agency ONDA reported that the growth was driven by international traffic with 24,429,325 passengers. Africa […]

Africa Emerging Markets Headlines International Morocco

Decentralization: Morocco, Senegal ink partnership agreement

The Moroccan Association of Local Council Presidents (AMPCC) and the Association of Mayors of Senegal (AMS) signed a cooperation and partnership protocol in Dakar, meant to enhance cooperation between local authorities in the two countries. The agreement, initiated by AMPCC President Mounir Lymouri, Mayor of Tangier, and AMS President Oumar BA, was signed during the […]

Asia Business Emerging Markets Headlines International

China’s FM on Africa charm offensive tour calls for Gaza ceasefire

China’s Foreign Minister Wang Yi has kicked off his inaugural trip of 2024 that takes him to four countries around Africa, focusing on diplomacy, economics, and security issues on the continent. During his first stop in Cairo, the top Chinese diplomat called for a ceasefire in Gaza and the start of the implementation of the […]

Africa Asia Business Europe Headlines International

Niger’s PM embarks on international tour to diversify partners

Niger’s Prime Minister Lamine Zeine landed in Russia on Monday January 15, the first leg of an international tour to take him also to Iran, Turkey and Serbia as the West African country seeks to diversify partners after severing ties with former colonial power France. Zeine is heading a high-key delegation including the ministers of […]

Business Columns Maghreb Morocco

Algeria deepens economic isolation by anti-Moroccan ports measures

Following a meeting of its security council, Algeria took another self-defeating measure in a series of economic warfare measures against its western neighbout by banning its banks from engaging in financing any imports that engage in transit or transshipment in Moroccan ports. The hostile decision adds to the halt of the gas supply to Morocco […]

Business Egypt Headlines

Egypt mulls plans to increase accommodation capacity of Cairo airport to 30 million passengers per year

The Egyptian Government is planning to expand by two folds the capacity of the Cairo International Airport to 30 million passengers per year, a cabinet statement issued on Monday January 15 said. Minister of Civil Aviation Mohamed Abbas presented in a meeting with Prime Minister Mostafa Madbouly the preliminary financial studies for the project which […]

Africa Business Emerging Markets Headlines International Morocco

Nigeria: Akwa Ibom State, OCP Africa, NSIA Set to Promote Cooperation in Agricultural Sector

Strengthening cooperation in the field of agriculture was at the heart of recent discussions between Akwa Ibom State, in southeastern Nigeria, OCP Africa, a subsidiary of the OCP Group, world leader in the production and export of phosphates, and the Nigeria Sovereign Investment Authority (NSIA). The strategic meeting was held at the request of the […]