Business Emerging Markets Europe Headlines International Morocco

Conference in Madrid highlights importance of Morocco-Spain fixed link project

The strategic importance of the fixed link project, through the Strait of Gibraltar, between Morocco and Spain, for both kingdoms and for Europe and Africa was the focus of a conference held this week in Madrid. During this meeting, held at the Casa Árabe, an institution under the Spanish Ministry of Foreign Affairs, on the […]

Africa Business Emerging Markets International

Kenya’s economy powers ahead to overtake Angola, as Ethiopia stretches its lead

The size of Kenya’s economy will overtake that of Angola, Africa’s leading oil producer, this year even as Ethiopia stretches its lead, according to the projection presented in the International Monetary Fund’s (IMF) latest World Economic Outlook. The IMF projects Angola’s gross domestic product (GDP) to shrink during the period, hence catapulting Kenya, whose economy […]

Business Emerging Markets Headlines Morocco

Morocco suspends VAT for agricultural production tools

The Moroccan government adopted a decree canceling the value-added tax on agriculture inputs in a bid to lower food prices. The measure is in line with government efforts to curb inflation for farm produce after food inflation soared 20.1% in February. The VAT exemption covers production equipment and other products used to maintain plants in […]

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South Atlantic Peace & Cooperation Zone holds VIII ministerial meeting in Cape Verde

The Cape Verdean island of São Vicente will host next week the first ministerial meeting of the South Atlantic Peace and Cooperation Zone (Zopacas) in more than 10 years, according to an official source. The VIII ministerial meeting of the organization will be held on April 18, at the Oceanographic Center of Mindelo, island of […]

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Senegal rules out opening telecommunication market to fourth service provider

Abdou Karim Sall, the head of the Senegal’s telecommunication market regulator (ARTP) has brushed aside the possibility for the West African country to open the telecommunication market to a fourth service provider. Senegal’s current telecommunication market is dominated by three firms namely Sonatel, Free (formerly Tigo) and Expresso. During an interview with state-run news agency […]

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Egypt to launch digital platform for foreign investors to establish firms on July 1st

Egypt’s General Authority for Investment and Free Zones (GAFI) will launch a digital platform that enables investors to establish their companies online on July 1st, the authority’s Chief Executive Officer announced Thursday. Hossam Heiba made the announcement as he met with Swiss ambassador in Cairo, Vonne Bauman. The Authority is adopting mechanisms for dialogue between […]

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Italy to hire 4,000 Tunisian workers

Italy will recruit 4,000 Tunisian workers, as the two countries move to spur regular migration. Antonio Tajani, Italy’s top diplomat and his visiting Tunisian counterpart Nabil Ammar who made the announcement Thursday in Rome said that the future recruits will be trained in Tunisia before deployment in the European country, Webdo Tunis reports. The recruitment […]

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Netflix plans to expand its Africa operations, building on hit series

Netflix plans to expand its operations in Africa, building on the success of hit shows and series like the South African drama “Blood and Water”, the online video-streaming giant said. Netflix has invested $175 million in film content production in the continent since launching its operations in South Africa, Kenya and Nigeria in 2016, having […]

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Israeli Knesset in Moroccan colors to celebrate Mimouna

The Israeli Knesset hosted on Wednesday evening, for the first time in its history, a ceremony in Moroccan colors on the occasion of Mimouna, the traditional holiday of Moroccan Jews, which has become a public event celebrated every year in the country. The Mimouna, propagated by Moroccan Jews, is held directly on the night of […]

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Fishrot: Iceland, EU slammed for failing to prosecute suspects in Namibia corruption scandal

The European Union has been slammed for its inability to act against Samherji, Iceland’s largest fishing company, following its involvement in one of Africa’s biggest scandals, as it has exposed the hollowness of its self-declared fight against corruption. The financial scandal — named after a 2019 Wikileaks release called the “Fishrot Files” — stretches from […]