Finance Headlines International

UN ‘urgently’ needs $13 million for Palestinian refugees in Lebanon

The United Nations agency for Palestinian refugees (UNRWA) appealed Friday for $13 million in funding to support Palestinians in Lebanon, as the country reels from an unprecedented economic crisis. “Palestine refugees, living in overcrowded camps… are at the end of their rope,” UNRWA chief Philippe Lazzarini said in a statement, adding that “almost every Palestinian […]

Business Europe Headlines International

Spanish low-cost Vueling airline to connect Bilbao & Marrakech

The low-cost Spanish airline Vueling announced on Friday the launch next March of a new connection between the cities of Bilbao and Marrakech. The new air connection, which will be inaugurated on March 26, will be operated by Vueling at the rate of two weekly flights on Thursdays and Sundays, the carrier said in a […]

Business Headlines International Morocco

Morocco & Israel to step up cooperation in smart & green farming

Moroccan national institute of agronomy and Israel’s Volcani center of agricultural research have agreed to enhance cooperation, exchange experiences and know-how in farming and agricultural research. The agreement was sealed on the sidelines of the 1st international conference on food production technologies from the sea & the desert held from 18 to 20 October in […]

Finance Headlines International Morocco

Morocco Donates 25K Tons of Fertilizer for Senegalese Small Farmers

Morocco’s OCP has donated Senegal 25,000 tons of phosphate products for the benefit of Senegalese small farmers. The products were handed over, Thursday in Diamniadio, 30 km from Dakar, at a ceremony attended by the Senegalese Minister of Agriculture, Rural Equipment and Food Sovereignty, Aly Ngouille Ndiaye, Director of OCP’s subsidiary in West Africa, Mohamed […]

Africa Business Headlines International

Côte d’Ivoire to have its first cocoa processing plant

The foundation stone of the first cocoa processing plant in Côte d’Ivoire was laid Thursday in the port city of San Pedro. The plant is expected to process half of the country’s cocoa production. The plant, funded by regional financial conglomerate Atlantic Bank Group, will cost around €111 million and will stretch over 9 hectares […]

Business Europe Finance Headlines International Morocco

Rabat & Berlin agree on €242 Mln cooperation program for 2023

Morocco and Germany have agreed on a €242 million cooperation program to be carried out in 2023, focusing on green energy, sustainable economy, employment and reforms. The joint program has been unveiled following talks held Oct.18-19 in Berlin between the two countries which turned a new page in their relations after resolving their diplomatic row […]

Business Headlines International Morocco

Morocco’s experience in the preservation of marine resources presented in conference in Eilat

Morocco took part in the 1st international conference on sea and desert food production technologies, held in Eilat, Israel October 18 to 20, with the participation of representatives from many countries, including 10 ministers and deputy ministers from around the world. During the conference, Director General of the National Fisheries Research Institute (INRH), Abdelmalek Faraj, […]

Europe Finance Headlines International Morocco

EIB provides Morocco’s exporting SMEs financial backstop to step up competitiveness

The European Investment Bank (EIB) has pledged to guarantee loans extended to Moroccan exporting SMEs operating in the automotive, textile, agro-industry and agricultural sectors. An agreement was signed Wednesday in Casablanca with Morocco’s Banque Centrale Populaire (BCP) to enable SMEs to get funding to modernize their operations, reduce CO2 emissions, expand working site, and increase […]

Business Finance

Kenya demands renegotiation of $5bn borrowed from China

Kenya wants to renegotiate a multibillion-dollar loan from China that was used to build a major railway because though the country is up to date on its payments, it cannot continue with the current 20-year schedule. Answering questions from a parliamentary committee, Kenya’s incoming transport minister, Kipchumba Murkomen, said the country will have to ask […]

Africa Americas Finance International

US pledges additional $44m to Niger to address food insecurity

The United States has pledged to disburse additional $44 million to Niger to help the West African country address food insecurity. The announcement was made by Victoria Jane Nuland, the Under Secretary of State for Political Affairs, following a meeting with President Mohamed Bazoum in a capital Niamey on Wednesday. “I had a rewarding conversation […]