Africa Finance Headlines International

West Africa bloc adopts ‘ECO’ as name for new currency

Heads of State of the 15-member West African Community of African States (ECOWAS) have adopted a flexible currency regime after making considerable progress on plans for a single currency in the region.   In a meeting held Saturday in the Nigerian capital Abuja, the bloc said it had made considerable progress on the single currency […]

Headlines Maghreb Morocco

Over 2.7 million people attend Rabat’s Mawazine festival

They were some 2.7 million music-lovers who attended concerts by national and international artists during Rabat’s Mawazine festival, the leading music festival in Morocco and Africa. At a time where the North African region is plagued by unrest and violence, Morocco stands as an exception offering an atmosphere where tens of thousands gather to celebrate […]

Asia Headlines International Libya

Turkey vows to hit hard in Libya after Haftar forces arrested six Turks

Turkey warned that forces loyal to renegade Genera Khalifa Haftar will become a “legitimate target’ if they do not immediately release six turks. “We expect our citizens to be immediately released,” the Turkish Foreign Ministry said in a statement. Shortly after Turkey’s warning, the LNA said it targeted an armed Turkish drone at a Tripoli […]

Algeria Headlines

Algeria: Popular independence war veteran arrested for alleged insult to army

Algerian authorities have arrested a prominent independence war veteran for allegedly demoralizing and insulting the army. The office of Algiers prosecutor Sunday ordered the temporarily detention of Lakhdar Bouregaa, one of Algeria’s iconic war veterans in the 1954 to 1962 liberation fight against France. His arrest at his residence in an upmarket neighborhood of Algiers […]

Headlines Morocco

Morocco: Migrant camp in Casablanca set ablaze leaving several injured

An illegal migrant camp in Morocco’s economic capital Casablanca got fire Sunday leaving several wounded following a brawl over a cell phone.   The fire ripped through the makeshift camp made of plastic tents and debris. The camp is located opposite the city’s Ouled Ziyane bus station.   A group of Malian migrants and a […]

Headlines Maghreb Tunisia

Tunisia: LGBT right group leader announces plans to run for November Presidential elections

The leader of Tunisia’s LGBT community, Shams, has announced plans to run for November presidential elections, first time ever a gay enters a presidential race in the North African country and in the whole Arab world where being homosexual is outlawed.   Mounir Baatour, a lawyer by profession last week told Belgian news agency Belga […]

Africa Americas Business Headlines International Morocco

African airlines compete to dominate Africa-Americas transatlantic skies

A fierce competition takes place in African skies to dominate flights to the Americas pitting Royal Air Maroc against unrelenting competitors such as the Ethiopian airlines, South African Airlines, Kenyan airways and Egypt air. Every month a new connections is announced by African airlines linking the continent to the US, Canada or Latin America, air […]

Headlines Maghreb Tunisia

Moody’s alerts to Tunisia’s weak fiscal strength

Moody’s has issued a warning regarding Tunisia’s finances, citing the country’s weak fiscal strength and rising debt. The credit rating agency ranked Tunisia in the B2 negative category in view of the credit challenges including the structural deterioration in its fiscal strength, with the debt ratio having increased sharply to 77% of GDP at the […]

Africa Business Headlines International Morocco

Maroc Telecom completes acquisition of Tigo Tchad

Maroc Telecom has announced that the acquisition of Tigo Tchad, Chad’s largest network operator, has been completed.   Following the agreement signed on March 14, 2019, Maroc Telecom has completed the acquisition from Millicom of the entire share capital of its subsidiary Tigo Tchad, Maroc Telecom said in a press release.   Tigo Tchad is […]

Headlines Maghreb Morocco

Morocco’s counterterrorism strategy reviewed at meeting with CTED executive director

Morocco’s counterterrorism strategy and the measures adopted by the Kingdom to counter violent extremism were reviewed at a meeting held Friday in Rabat between visiting executive director of the UN Security Council Counter Terrorism Executive Directorate (CTED) and Moroccan Foreign Minister.   “We examined the state of the terrorist threat in Morocco and the MENA […]