First Independent Mena Newspaper
Business from the United States and different African countries announced nearly 15 new commitments during last week’s US-Africa Leaders Summit, in fields ranging from mining to healthcare to basketball. One of the biggest deals made at the summit was an investment by US-based Kobold Metals, which will be “a commitment of over $150 million dollars […]
Visa Inc has announced plans to invest $1 billion over the next 5 years in Africa in a bid to capitalize on the emerging economy’s rapid growth in digital payments. “Visa has been investing in Africa for several decades to grow a truly local business,” chief executive officer Alfred Kelly Jr said in a statement. […]
Janet Yellen, the United States Secretary of the Treasury, will undertake mid-January a trip to Sub Sahara Africa following the U.S-Africa summit during which President Joe Biden pledged a win-win partnership in reaction to Russia’s and China’s growing presence in Africa. The former Chair of the Federal Reserve, according to her department, will visit South […]
Kenyan President William Ruto’s recent diplomatic overtures to the West are prompting analysts to ask whether the days of close Chinese engagement are coming to an end. Since taking office in August, Ruto has embraced Kenya’s economic and diplomatic relationships with the United States, United Kingdom and other Western countries, causing onlookers to wonder whether […]
Morocco’s OCP group, which elaborated a program to support African farmers as the continent faces a food security crisis, has donated 5,000 tons of fertilizers to smallholder farmers in Mauritania and struck a partnership with Kenya’s Ministry of Agriculture to launch soil mapping exercises for over 100 participants. The fertilizers donated to Mauritania will benefit […]
Belgian group Solvay, specializing in chemicals, will increase its investments in Morocco to support the green transition of various sectors, in particular automotive and aeronautics and renewable energies under a Memorandum of Understanding it signed with the Moroccan Ministry of Industry and Trade. The Belgian group will increase its investments in Morocco to support the […]
Kenyan president William Ruto is looking for a deal between Kenya Airways and Delta Air Lines to turn around the fortunes of the country’s national carrier which last recorded profits 10 years ago. During the Washington US-Africa Business Summit, one of Ruto’s major goals was to get investors to help the struggling Kenya Airways. The […]
US President Joe Biden capped the three-day summit of 49 African leaders by stressing his administration’s deep commitment to Africa, urging the continent’s leaders to respect the will of their people, and saying he may come visit. Africa could see more US investment as the Biden administration wants to reduce the dominance of China and […]
The U.S. State Department welcomed, Thursday, the “extremely important” participation of Morocco in U.S.-Africa leaders Summit, held in Washington December 13 to 15. “Having Morocco here (at the summit in Washington) is extremely important,” said Robert Scott, U.S. Assistant Secretary for African Affairs at the State Department, in a statement to the press on the […]
With record-breaking drought in the Horn of Africa affecting half the population of Somalia, the United Nations has warned if more aid does not arrive soon, the Horn of Africa will suffer its worst famine in half a century. Famine has been narrowly averted in Somalia, but the situation remains “catastrophic,” the United Nations has […]