Community Emerging Markets Europe Headlines International Morocco

Earthquake: UN Official commends Morocco’s history of building up response capacities as ‘distinguished’

The Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, Martin Griffiths,commended on Friday Morocco’s “distinguished” history of building up and investing in its own response capacities, highlighting, in this regard, the country’s action in the aftermath of the Al Haouz earthquake. Morocco has mobilized “tremendous” resources to respond to the earthquake, pulling survivors from the […]

Americas Finance Headlines International Morocco

Earthquake: USAID lauds Morocco’s response, acts of generosity & pledges $1 Mln initial humanitarian aid

The U.S. Agency for International Development (USAID) has praised Morocco’s leadership of the humanitarian response to the devastating earthquake that hit the country on Sept.08. The Agency Administrator Samantha Power has voiced her country’s commitment to support the Government of Morocco’s recovery efforts, as the North African Kingdom’s works to provide immediate, life-saving humanitarian assistance […]

Finance Headlines International Morocco

Morocco/Earthquake: OPEC Fund donates $500,000 to support relief efforts

The OPEC Fund for International Development has announced a $500,000 grant to support Morocco’s humanitarian relief efforts following the devastating earthquake that struck Morocco on September 8, 2023. The 7.2-magnitue earthquake has caused serious material damage and claimed nearly 3,000 lives, making it the deadliest quake to hit the North African Kingdom in decades. In […]

Africa Finance International

IsDB grants Côte d’Ivoire $195m credit facility for road construction project

Côte d’Ivoire has received from the Islamic Development Bank (IsDB) a financing credit worth $195 million for the construction of a 74km-long road inscribed in the National plan of development, Sika reports. The credit line will finance Bouake-Darakokaha express road, a section of the planned 1,300 km long road project Abidjan-Ouagadougou (Burkina Faso), to cost […]

Africa Finance International Portrait

Senegal: Cheikh Issa Sall named new CEO of Caisse des Dépôts et Consignations

Senegal’s President Macky Sall has appointed on September 14 Cheikh Issa Sall, Chief Executive Officer (CEO) of Municipal Development Agency as the new head of Caisse des Dépôts et Consignations after firing the Chief of the financial institution Mame Boye Diao, few moments after the latter unveiled his plans to run for next year’s presidential […]

Emerging Markets Headlines Morocco

Morocco/Earthquake: King chairs meeting on emergency program for rehousing disaster victims; orphans to be granted status of wards of the nation

King Mohammed VI chaired this Thursday September 14, 2023, at the Royal Palace in Rabat, a working meeting devoted to activating the emergency program for rehousing disaster victims and caring for the categories most affected by the Al Haouz earthquake. This meeting follows the working session presided over by the Sovereign on September 9, 2023 […]

Emerging Markets Headlines Morocco

Earthquake: Moroccans’ noteworthy, unprecedented wave of solidarity

Immediately following the tragic earthquake that struck several regions in Morocco last Friday night, Moroccans from all walks of life showed a remarkable solidarity and rushed to rescue, assist, and help the disaster victims overcome their ordeal. This wave of solidarity demonstrated the unity of Moroccans and their ability to endure adversity with dignity, patience, […]

Africa Business International

DRC: massive expansion in cobalt, copper mining leads to human rights abuses — AI report

The expansion of industrial-scale mines in the Democratic Republic of the Congo (DRC) that extract cobalt and copper to be used in rechargeable batteries has led to the forced eviction of entire communities and grievous human rights abuses, including sexual assault, arson, and beatings, according to a 100-page report published by Amnesty International. Entitled ‘Powering […]

Africa Emerging Markets Headlines International Morocco

Sahara: Benin reaffirms unwavering support for Morocco’s “credible & realistic” Autonomy Initiative

The government of Benin has reaffirmed strong support for the autonomy plan offered by Morocco for the Sahara under its sovereignty, saying the plan is the ONLY “credible and realistic solution” to the Sahara regional conflict. The supportive stand comes in a joint statement issued in Rabat following the meeting held Tuesday between Moroccan foreign […]

Business Egypt

Egypt to launch national industrial strategy on October 25

Egypt is set to launch on October 25 its national industrial strategy in cooperation with an international company, reports say. Ahmed Samir, the North African country’s Minister of Trade and Industry told “Asharq Business” that the strategy includes all industrial hubs, linking the Egyptian industry with industrial sector variables around the world. In line with […]