Africa Asia Business Community International

Kenyans question security of IT systems after alleged Chinese hacking of gov’t data

Media report about a series of digital intrusions against key Kenyan ministries and state institutions allegedly carried out by Chinese hackers has sparked debate in the East African country about the security of the nation’s systems. The report about China, Kenya’s largest creditor, carrying out hacking attacks on the East African country’s government that was […]

Americas Emerging Markets Headlines International Morocco

US First Lady to visit Morocco part of a coming trip to MENA region, Europe – Spokesperson

The First Lady of the United States Jill Biden will visit Morocco, part of a coming trip she is making to the Middle East, North Africa, and Europe shortly, her spokesperson Vanessa Valdivia announced on Friday. The Firt Lady’s visit to the kingdom is part of a tour of the Middle East, North Africa and […]

Asia Business Egypt Headlines International

Egypt in advanced talks to purchase 12 Chinese J-10 Vigorous Dragon fighter jets

Egypt is in advanced talks with China for the purchase of around 12 of the latest version of the J-10 Vigorous Dragon multirole combat fighter jet, The New Arab reports. Talks between the two sides started last year and the North African country is expected to send representatives of its Air force to the Chinese […]

Finance Tunisia

Tunisia warns IMF against red lines as talks for loan continue

Tunisia’s Foreign Minister Nabil Ammar indicated Thursday that the North African country is still in talks with the International Monetary Fund (IMF) for a $1.9-bllion loan, but warned there are red lines not to cross. “Tunisia will not break off negotiations with the IMF and its partners, but there is no question of crossing red […]

Africa Business Emerging Markets Finance Headlines International

Africa Day 2023: AU promotes AfCFTA, rejects great-power competition in Africa

The African Union (AU) used the celebrations of the 60th anniversary of ‘Africa Day’ this week to warn the continent not to become a “geo-strategic battleground” for global powers and also to promote the African Continental Free Trade Area (AfCFTA). Africa must not become a “geo-strategic battleground” for global powers, as it grapples with several […]

Business Emerging Markets Headlines Morocco

Industry takes lion’s share in Morocco’s government investment plan for 2023

The Moroccan government has approved 76.7 billion dirhams, or 7.67 billion dollars in investment projects, of which the industrial sector took the largest chunk. The government geared 53.6 billion dirhams to industry, that is 70% of the total investments planned this year, followed by desalination with 14% and renewable energies with 4%. In total 21 […]

Africa Community Finance International

Staff at Cameroon’s branches of Standard Chartered Bank end strike over payment of bonus

Workers at Standard Chartered Bank in Cameroon have ended a several-day strike over the payment of a severance bonus amounting to more than one month’s salary per year of service, with no ceiling, and the payment of a bonus that does not include any discrimination or consideration based on performance and/or quality of service, Journal […]

Africa Emerging Markets Finance International

Nigeria emerges as Africa’s FDI hub of digital technology

Nigeria emerges as Africa’s top destination for foreign direct investment (FDI), having reportedly attracted over 30% of the FDI in the continent’s tech ecosystem and increasingly becoming the hub of digital technology in the continent. “The Nigeria tech ecosystem has attracted about $4.4billion investment between the year 2015, 2019 and 2020 respectively, and ICT contributing […]

Blogs Business Community Emerging Markets Europe Features Headlines International Morocco

Irrevocable rejection of a Polisario request against Morocco-GB Association Agreement confirmed

The London Court of Appeal on Thursday irrevocably rejected the appeal of the pro-separatist NGO ”WSC” against a previous decision of the Administrative Court, rejecting its request which attempted to question the association agreement linking Morocco to the United Kingdom. This third setback since last December for the enemies of Morocco’s territorial integrity confirms the […]

Asia Business Emerging Markets Headlines International Morocco

Green Transport: Marrakesh to receive 20 electric buses from South Korea

Korea’s International Cooperation Agency (KOICA) will donate Moroccan city of Marrakesh 20 electric buses worth $7.5 million. These zero emission buses will help improving air quality in one of the world most popular tourist destinations. The grant’s agreement was inked Wednesday by KOICA Chief in Rabat Yongwoo Jeong, president of the Council of Marrakech-Safi region […]