Africa Finance International

Tanzania: Emmanuel Tutuba, new governor of Central Bank

Samia Suluhu Hassan, President of Tanzania, has appointed Emmanuel Tutuba as governor of the country’s central bank, in replacement of Florens Luoga, whose five-year tenure at the head of the bank came to an end. Tutuba, prior to the appointment, was the permanent secretary at the Ministry of Finance and Planning. He inherits an economy […]

Business Europe Headlines International Morocco

Pedro Sanchez renews support to Spain-Morocco Roadmap as a strong pillar of bilateral cooperation

President of the Spanish government Pedro Sanchez said, Monday in Madrid, that the new roadmap established between Spain and Morocco last April, on the occasion of his visit to Morocco at the invitation of King Mohammed VI, places “bilateral cooperation on stronger pillars.” This new stage of relations between the two countries will also strengthen […]

Asia Business Egypt Headlines International

South Korea resumes charter flights to Egypt after several years of suspension

South Korean airlines operated last Friday two charter flights to Cairo International Airport following several years of suspension. The first flight, operated by Asiana Airlines, came from Seoul with 295 passengers onboard, while the second flight was operated by Korean Air, Egypt Today reported. In November, South Korea’s Ambassador to Egypt Hong Jin Wook affirmed […]

Americas Asia Community Finance Headlines International

US, Türkiye take joint action to disrupt ISIS financing

The United States and Türkiye have disrupted ISIS’s ability to finance its operations by designating four individuals and two entities of an ISIS financial facilitation network. The US Department of the Treasury said its Office of Foreign Assets Control (OFAC) designated critical nodes of a key financial facilitation network of the so-called Islamic State of […]

Africa Business Emerging Markets Headlines International

Africa’s 2023 economic outlook: Global headwinds to continue battering the continent

In 2023, some of Africa’s major economies are expected to suffer from the ongoing impacts of the Russia-Ukraine war, runaway food price inflation and the tailwinds of the Covid-19 pandemic that caused enormous economic disruption, but experts say that although these negative factors are likely to spill over into this new year, Kenya and Senegal […]

Africa Business International

Madagascar: struggles and resilience of tourism sector post covid-19

Since the reopening of borders in April 2022, tourism in Madagascar has been slowly regaining momentum after two years of isolation from the rest of the world during the Covid-19 pandemic, though lack of services and soaring airfare prices have meant that the potential for tourism development has largely been left untapped. Despite an undeniable […]

Emerging Markets Europe Headlines International Morocco

EU top diplomat hails Morocco’s role in peace, stability in the region as “’Important”

The European Union’s High Representative for Foreign Affairs and Security Policy, Josep Borrell, has hailed the role played by Morocco in peace and stability in the region as “important”. Speaking at a joint press briefing Thursday in Rabat, after talks with Minister of Foreign Affairs, Nasser Bourita, Josep Borell said the talks focused on “old […]

Africa Finance International

Madagascar: Central Bank Chief resigns, successor named

Henri Rabarijohn, the governor of Madagascar’s Central Bank (BFM)) has stepped down from his position on health conditions ground. President Andry Rajoelina has accepted the resignation of Rabarijohn who, according to a statement from the cabinet, stepped down due to health issues and wants to leave the country for treatment abroad. The Malagasy leader appointed […]

Business Europe Headlines International Morocco

Morocco-EU: Shared desire to deepen dialogue, cooperation

Morocco-EU: Shared Desire to Deepen Dialogue, Cooperation Morocco and the European Union (EU) expressed, Thursday in Rabat, their shared desire to deepen dialogue and cooperation, within the framework of the strategic partnership established between the two parties, to which King Mohammed VI attaches particular importance. This willingness was expressed during talks held in Rabat this […]

Business Headlines Morocco

Desalination, the way forward for Morocco to mitigate drought

Desalination is the way forward for some of Morocco’s water stressed regions such as Agadir which faced the specter of thirst after its dams run out and its ground water depleted due to shortage of rainfall and unsustainable agriculture. The completion of a desalination plant in Agadir came at about time when the city was […]