Africa Business Emerging Markets Headlines International

Citizenship for sale: Growing demand across Africa for ‘golden visas’ for wealthy

While Europe holds the crown for investment migration programs in 2023, a growing number of African states is joining the fray, looking to attract high-net-worth individuals by offering residence and citizenship through investment programs. Migration investment programs allow people to purchase citizenship or residency in exchange for an investment in a country. African economies looking […]

Africa Community Finance Headlines International

African economies to remain resilient despite financial headwinds — AfDB report

Despite the tightening global financial conditions, African economies are expected to remain resilient with a stable outlook in 2023-2024, according to a report by the African Development Bank (AfDB) that however urges bold policy actions to mobilize and leverage private financing for development in the continent. Africa’s average GDP growth is projected to stabilize at […]

Business Community Finance Headlines International

UN LDC Summit: Rich countries slammed for exploiting poor nations, failing promises

Leaders attending the 5th UN Conference on the Least Developed Countries (LDC5) in Doha, Qatar, have voiced their disappointment and bitterness over the treatment of their poor nations by richer counterparts. Many of the leaders from the world’s poorest nations attending the summit called on developed powers to come good with billions of dollars of […]

Americas Business Headlines International Morocco

Morocco-US strategic military partnership reviewed in Rabat

The strategic military partnership existing between Morocco and the United States was reviewed in Rabat this Sunday at separate meetings between Chief of the Joint Chiefs of Staff of the United States, Army General Mark Milley, and minister in charge of National Defense Administration, Abdeltif Loudyi, and Inspector General of the Royal Armed Forces and […]

Business Columns Europe Headlines International Morocco

Morocco, an indisputable oasis of social and economic stability, is indispensable in the EU’s Neighborhood Policy – Independent media outlet

Morocco, an indisputable oasis of social and economic stability in the region, must be regarded as an indispensable nation in the European Union’s Neighborhood Policy, particularly with regard to its southern flank, commented NE Global News Service, an independent media outlet. In a story on Morocco-EU relations, the media outlet highlighted the successive visits by […]

Africa Business Community Headlines International Morocco

Sahara Forum: Morocco reaffirms commitment to Pan-African ideals of solidarity, cooperation, peace & development

Minister of Foreign Affairs Nasser Bourita reaffirmed, Saturday in Dakhla, Morocco’s commitment to the pan-African ideals of solidarity, cooperation, peace, and development, as well as its determination to consolidate, in line with the royal directives, the spirit of unity, solidarity and coordination on strategic themes of common interest for better integration and sustainable development of […]

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Can Africa create half a billion jobs by 2050 to overcome its demographic dilemma?

Since Africa’s population has quadrupled since 1960, and is projected to double again by 2050, experts are pondering a crucial question for the future of the continent: how can enough work be created for the increasing numbers of youth arriving on the continent’s labor markets? Development economists have followed with a great concern that, in […]

Africa Asia Business Emerging Markets Energy Headlines International

Zimbabwe: China’s CNR acquires Williams Minerals lithium mine amid rising demand

China Natural Resources (CNR) has acquired Zimbabwe’s Williams Minerals lithium mine from Feishang Group and Top Pacific for $1.75 billion, the aim being to strengthen the Chinese company’s position in the lithium market and increase its capacity to supply the critical resource to its customers. This strategic move by CNR was motivated by the rising […]

Africa Business Emerging Markets Europe Headlines International

Spain to launch seasonal workers program for Senegalese

Spain is expanding its so-called circular migration program to its first sub-Saharan African country by hiring at least 100 Senegalese to boost Spain’s agricultural sector, while also seeking to reduce the death toll of Africans illegally migrating to Europe. By including Senegal into the program, companies in Spain will be able to hire at least […]

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North African countries shun western sanctions on Russian oil products – WSJ

Russia has found alternative markets to the European space as North African countries now line up for purchases of the Russian oil products despite western sanctions, Wall Street Journal (WSJ) has revealed. The US media outlet in a report notes that Morocco, Algeria, Egypt and Tunisia have stepped forward to become voracious buyers of its […]