Finance Headlines Morocco

WB: Morocco’s growth to pick up to 3.5% in 2023 & 3.7% in 2024

The World Bank expects Morocco’s economic growth to increase to 3.5 percent in 2023 and 3.7 percent the following year as the country’s agriculture sector recovers gradually from last year’s drought. The spending of the North African Govt. is expected to partially offset weakness in private consumption stemming from high inflation, underlined the WB in […]

Asia Business Headlines International

Saudi mining company planning investments in Egypt

MA’ADEN, a Saudi state-owned mining company headquartered in Riyadh, is planning to invest in the Egyptian mining sector, as part of strategies by the Gulf’s largest miner to invest in mining assets around world. The announcement was made by Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla told Asharq Business in an interview. Representative […]

Africa Asia Business International

Türkiye, Zimbabwe poised to boost ties

Türkiye and Zimbabwe agreed Wednesday to boost their ties in all fields as Turkish top diplomat Mevlüt Çavuşoğlu visits the African country. “We reviewed all aspects of our relations today, how to enhance our economic relations,” Çavuşoğlu said at a joint press conference with his Zimbabwean counterpart Frederick Shava. “We need to establish the Joint […]

Emerging Markets Headlines Morocco

OCP-founded coding school 1337 finishes third runner-up at CodinGame Fall Challenge 2022

1337, a coding school founded by Morocco’s state-owned phosphate rock miner, phosphoric acid manufacturer and fertilizer producer OCP Group and located at Université Mohammed VI Polytechnique, ranked 3rd at CodinGame Fall Challenge 2022, a world leading coding contest, held from December 12, 2022 to January 05, 2023. The fee-free school, according to the daily Les […]

Africa Americas Community Finance Headlines International

US donates Somalia $9 million worth of weapons, equipment for anti-al-Shabab campaign

The United States has provided $9 million in new military aid to help Somalia’s ongoing campaign against al-Shabab militants, the US embassy in Mogadishu announced. The military equipment handed to the government includes weapons and vehicles and is destined to support the campaign by the Somali National Army to liberate communities from al-Shabab control. It’s […]

Business Emerging Markets Headlines Morocco

Morocco’s agricultural, fisheries exports hit record $8 billion in 2022

Morocco’s agricultural and fisheries exports rose to an unprecedented 8 billion dollars in 2021, up 20% compared with 2022, the agriculture ministry said. This rise was achieved despite a lack of rainfall that affected cereals whose output dropped 67% to 3.4 million tons. Agricultural and fisheries exports now stand in the third position behind phosphates […]

Africa Asia Business International

Chinese top diplomat kicks off African tour for maiden foreign trip

China’s new Foreign Minister Qin Gang has kicked off an African tour on January 9 for his first foreign trip to counterattack US strategy to sideline the Asian giant in Africa. Qin Gang will visit Ethiopia, Gabon, Angola, Benin and Egypt from Jan. 9-16, spokesperson Wang Wenbin said at a daily media briefing. The Chinese […]

Asia Business Egypt Headlines International Morocco

Negev Forum Steering Committee meets to prepare for 2nd Abraham Accords Summit due in Morocco

The steering committee of the Negev Forum, including Abraham Accords partners, Egypt and the U.S. met Monday in Abu Dhabi to prepare for the second summit, scheduled in Morocco. Delegates from Morocco, Egypt, the UAE, Bahrain, Israel and the U.S. are taking part in the two-day preparatory meeting tasked with identifying realistic and doable projects […]

Africa Business Community Headlines International Morocco

Morocco makes Africa’s first kits for breast cancer and leukaemia diagnosis- The Guardian

The Moroccan Association for Advanced Sciences, Innovation and Research (MASCIR) will soon put on the market the first African-manufactured kits to diagnose breast cancer and leukaemia, a move that will cut costs and waiting times for patients in Morocco and the wider African continents, wrote the UK newspaper the Guardian. “The price of the kit […]

Africa Business Headlines International

Zimbabwe’s farming success: wheat self-sufficient for first time since 2004

Zimbabwe has set its largest wheat harvest in 2022 that reached 375,000 tons, making the landlocked country in southern Africa a self-sufficient agricultural powerhouse, which is a unique performance on the continent. The harvest in 2022 was 13% higher than the previous year, breaking a half-century old record. The area sown to wheat has increased […]