Africa Finance International

Ghana’s president slammed for taking IMF loan yet asking Africa to stop ‘begging’ the West

Ghana’s President Nana Akufo-Addo cannot call on African leaders to stop begging from the West while he is doing the same, said former Nigerian senator, Shehu Sani, in response to Akufo-Addo’s recent advice to African leaders against “begging” from the West. “If we stop being beggars and spend African money inside the continent, Africa will […]

Americas Business Headlines International Morocco

Morocco, USA determined to advance their partnership to face new global challenges

Morocco and the United States have both voiced determination to continue to advance their partnership in light of the new global challenges. This came at a meeting that gathered in Washington Thursday the Head of Government, Aziz Akhannouch, and US Trade Representative Katherine Tai, on the sidelines of the U.S.-Africa Leaders Summit, where Akhannouch is […]

Americas Business Headlines International Morocco

L3Harris Technologies to fit Morocco F-16 jets with smart weapons

U.S. defense company L3Harris has announced a $29 million contract to provide smart weapon release systems to Morocco, Bahrain and Jordan, three allies of the United States. The L3Harris system gives F-16 pilots more firepower and expands their missions. The Bomb Release Unit (BRU)-57/A allows F-16s to carry two smart weapons on each system instead […]

Africa Americas Business Community Headlines International Morocco

Morocco boosting U.S.-Africa partnership for shared prosperity

Head of Moroccan Govt. Aziz Akhannouch has voiced his country’s steadfast commitment to contribute to strengthening further the partnership set between the U.S. and Africa for shared prosperity, development and inclusive economic growth. Speaking at a Forum held Wednesday in Washington within the frame of the US-Africa Leaders Summit (Dec. 13-15), Akhannouch said that King […]

Africa Asia Business Headlines International

Sudan seals $6bn deal with UAE to build new Red Sea port

Sudanese government has signed a $6 billion agreement with a consortium led by the United Arab Emirates’ AD Ports Group and Invictus Investment to develop a new port and economic zone in the Red Sea. “This mammoth project, estimated to cost around $6 billion, will give a powerful boost to the national economy and bring […]

Africa Americas Finance International

COVID-19: U.S. grants Côte d’Ivoire more than 2 million doses of Pfizer, a $16 million donation

The US Development agency USAID has donated to Côte d’Ivoire more than 2 million doses of Pfizer to help the West African country to tackle the COVID-19 pandemic. The US embassy in capital Abidjan said in a statement that the vaccines will support the efforts of authorities to vaccinate 52 per cent of the population, […]

Africa Americas Business Headlines International

US seeks to boost trade, political ties with Africa to catch-up with China, Russia

The US-Africa Leaders summit kicked off Tuesday (13 December) in Washington, D.C., with a full agenda that includes topics ranging from climate adaptation and energy transition to peace, security and governance. As President Joe Biden is hosting 49 African heads of state in the nation’s capital, some analysts see it as the United States “playing […]

Africa Americas Business Emerging Markets Headlines International Morocco

King Mohammed VI represented at U.S.-Africa Leaders Summitby Head of Government

King Mohammed VI is represented at the US-Africa Leaders Summit by Head of Government Aziz Akhannouch. The Summit is hosted by President Joe Biden in Washington this December 13 to 15. The summit, which brings together representatives of some 50 countries, civil society and the private sector of the African continent, in addition to officials […]

Africa Europe Finance Headlines International

UK-based BII, African Guarantee Fund ink $75m pact to fund SMEs across Africa

UK-based finance institution British International Investment (BII) and the African Guarantee Fund (AGF) have signed a $75 million re-guarantee agreement for small and medium enterprises (SMEs) across Africa, Zawya reports. The fund, according to BII, will provide credit guarantees to partner financial institutions for up to 75% of the risk on SME loans, thus increasing […]

Africa Community Finance Headlines International

Sub-Saharan Africa faces massive debt-servicing shock, study warns

Strategies are needed to avoid debt crises that developing nations are currently facing, including the urgent need to find as much as $2.5-trillion over five years to meet external debt-service costs as interest rates rise and poorer countries struggle to refinance borrowings, according to a recent study. The findings published by the Bill & Melinda […]