First Independent Mena Newspaper
The mining company Emmerson announced on Monday it signed with two Swiss agri-trading groups deals for the sale of potash and salt to be produced at its Khemisset Mine in Morocco. With Keytrade AG, Emmerson agreed to sell a minimum of 245,000 metric tons per year of Muriate of Potash (MOP) for a period of […]
Despite general skepticism about Africa’s economic promise, Akinwumi Adesina, the chief of the African Development Bank (AfDB), who has been dubbed, “Africa’s optimist-in-chief,” believes that the future of Africa will defy everyone’s expectations. The skepticism is fueled by all the recent negative development affecting Africa: Covid-19 pandemic; the Russia-Ukraine war and its pressure on food […]
More than 200 African women entrepreneurs from 35 countries meeting in Cameroon’s capital have called for more support from lenders and governments to help them benefit from the African Continental Free Trade Area (AfCFTA). During the second meeting for the United Nations-sponsored African Women Entrepreneurs Forum held under the theme, “Female Entrepreneurs, Challenges and Opportunities,” […]
The Bill & Melinda Gates Foundation said it was committing $7 billion to Africa over the next four years, as the American billionaire and philanthropist warned that the Ukraine crisis was reducing the amount of aid flowing to the continent. Bill Gates has pledged to use 5.4% of his net worth to finance Africa’s health […]
The Egyptian government launched a fund for investment in projects issuing carbon certificates with an authorized capital of EGP 1 billion ($40.7 million). The fund, dubbed EgyCOP, will finance Egyptian companies’ projects that reduce carbon emissions through the issuance of globally-accredited certificates from Switzerland’s The Gold Standards Foundation, the Arab country said in a statement. […]
Guinea President Mamady Doumbouya has sacked the Minister of Infrastructure and Transport, Yaya Sow, under investigation since November 7 over alleged corruption attempt in his department. A statement read on the national TV RTG announcing the firing said the move was taken because of the launch of a judicial investigation by the Court of Repression […]
International financial news agency Bloomberg said it picked Marrakech to host its first conference titled “Bloomberg New Economy Gateway Africa,” in June 2023, highlighting Morocco’s climate leadership in Africa under the leadership of King Mohammed VI. Michael R. Bloomberg made the announcement on the closing day of the Bloomberg New Economy Forum in Singapore. This […]
The recent collapse of FTX exchange platform has sent shockwaves around the world, taking with it billions of investors’ money, including in Africa where crypto investors are now taking stock of their own losses. While some users in the United States and the Bahamas were able to withdraw their funds before the full crisis hit, […]
International Finance Corporation (IFC) will invest 12.18 billion shillings ($100 million) in Nairobi-listed Diamond Trust Bank (DTB) to support small and medium enterprises (SMEs) impacted by Covid-19, Zawya reports, citing Kenyan Wall Street newspaper. The investment will be in senior debt under its Covid-19 emergency response working capital solutions scheme (WCS FIGE). IFC initiated the […]
Morocco’s fruit exports have more than doubled from $729 million recorded in 2016 to more than $1.5 billion in 2021, accounting for more than a third of the total agricultural exports in 2021. According to latest International Agricultural Report released by the US Department of Agriculture, the North African Kingdom has become the 15th-largest fruit […]