Business Europe Headlines International Maghreb Morocco

Bosch suppliers to set up industrial cluster in Morocco

World leader in home appliances, Bosch, signed a memorandum of understanding with Morocco’s industry ministry to create an industrial cluster in Morocco to supply its plants in Europe. The new Bosch suppliers in Morocco will help create 2000 jobs and achieve an export value of 1.6 billion dirhams in 2023, said Morocco’s industry ministry in […]

Columns Finance Headlines Maghreb Morocco Opinions

IMF confirms Morocco’s favorable economic prospects, calls for more reforms

The International monetary fund said Morocco could post a growth rate of 4.5% in 2024 from 3% in 2018 if it continues on path of reform and inclusive growth. “Morocco’s medium-term prospects remain favorable, with growth expected to reach 4.5 percent by 2024” the IMF said in a report following Article IV consultations. The North […]

Africa Asia Finance Headlines International

Ethiopia, UAE ink $100m deal to boost technology, innovation

Ethiopia will receive $100 million from the UAE Khalifa Fund for Enterprise Development, KFED, to help promote a culture of innovation and finance prominent projects in the African country. The new agreement, which was signed by Hussain Jasim Al Nowais, chairman, KFED and Admasu Nebebe, Ethiopian Minister of Finance, will help enhance innovation and support […]

Africa Energy Finance Headlines International

AfDB announces $20m for climate resilience project in Ghana

In Ghana, the Green Climate Fund (GCF) has announced a $20 million grant to the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA), a program for a climate action project to support women-led farmers’ associations and micro, small and medium enterprises in Ghana’s agricultural sector. The AFAWA Ghana project is designed to […]

Africa Headlines International Mauritania

Mauritania to supply Senegal with nearly 300,000 rams for Eid al-Adha

Mauritania will supply Senegal with close to 300,000 rams for Eid al-Adha feast next month, Senegal’s minister of livestock said. Samba NDiobena Ka said the supply will make up for the shortage of rams for the religious celebration next month. Senegal will need for this year’s sacrifice festival 810,251 beasts including 260,000 for capital Dakar, […]

Asia Headlines International Libya Maghreb

Libya: Libyan former ambassador to UAE condones Haftar’s military solution

Libya’s former envoy to the UAE has thrown his support behind Khalifa Haftar’s unpopular military campaigns in Libya. Aref Al-Nayed has aligned himself with the military approach noting that it is the only solution to restore Libya’s sovereignty, The Libyan Express reports. “The army led by Haftar is going to bring back Libya’s sovereignty as […]

Algeria Headlines Maghreb

Tindouf: Whereabouts of three Sahrawi Activists Arrested by Polisario Known

The whereabouts of the three Sahrawi activists, who were arrested on June 17 by the Polisario armed militias, is finally known. They are held in Dhaibiya prison, Katba Sidi Ahmadi said in a statement he released after he visited his detained cousin Moulay Abba Bouzid. He described the poor conditions of the detention of his […]

Asia Egypt Headlines International

Kuwait hands Cairo over eight Egyptians allegedly linked to Muslim Brotherhood

Kuwait has extradited a group of eight Egyptians suspected of having ties with the Muslim Brotherhood movement, outlawed by the Egyptian government as a terror entity. The Gulf country’s deputy foreign minister Khaled Al-Jarallah told state-run news agency KUNA that the handover was in line with the extradition deal between two countries. The men, according […]

Headlines Mauritania

Mauritania: Journalist arrested in wake of Presidential election released

Prominent Mauritanian journalist Ahmedou Ould Wedia was freed Monday after spending nearly two weeks in jail. He had been abducted on July 4 in the wake of late June Presidential elections. Ould Wedia was ordered free by West Nouakchott public prosecutor, Le360.ma reports. Reporter at private television channel “Morabitoune”, Ahmedou Ould Wedia is also an […]

Africa Headlines International

‘More than three in 10’ in East Africa undernourished – UN report

The United Nations on Monday said the number of people going hungry has increased for the third year running. A report from the UN Food and Agriculture Organization, the International Fund for Agricultural Development, the UN Children’s Fund, the World Food Program and the World Health Organization said reaching the target of zero hunger by […]