Africa Finance Headlines International

West African Countries to Adopt New Single Currency in 2020

West African finance ministers and central bank governors of the Economic Community of West African States agreed at a meeting in Côte d’Ivoire to speed up the creation of a single currency next year. “At a ministerial level, we’ve established a roadmap” for the establishment of a new currency in 2020, Ivorian Finance Minister Adama […]

Algeria Headlines Maghreb Morocco

Morocco Urges Africa Human Rights Commission to Address Violations Committed in Tindouf Camps

Morocco has called on the African Commission on Human Rights to address the flagrant human rights violations committed in the Tindouf camps in southwest Algeria. The call was launched this week in Addis Ababa by Morocco’s Permanent Representative to the African Union and ECA Mohammed Arrouchi. “The Human rights situation in member countries must be […]

Asia Finance Headlines International Maghreb Morocco

AFESD Finances Dam & Road Projects in Morocco

The Arab Fund for Economic and Social Development (AFESD) has extended Morocco two loans totaling 72 million Kuwaiti dinars (about 2.27 bln MAD) to help finance two projects. The loans will finance the rehabilitation of the Mohammed V dam in eastern Morocco, and the construction of the Laayoune expressway bypass in the South. The first […]

Africa Americas Business Headlines International Morocco

Morocco takes part in US-Africa Business Summit in Maputo

A Moroccan delegation, led by Minister Delegate for African Cooperation, Mr. Mohcine Jazouli, is taking part in the 12th US-Africa Business Summit, held in Maputo, Mozambique, June 18-21. Morocco, the only African country to sign a free trade agreement with the United States and a leading diplomatic and economic player on the continent, is represented […]

Africa Business Headlines International Maghreb Morocco

Morocco’s Managem expands stake to 85% in a gold project in Guinea Conakry

Moroccan mining firm, Managem, announced, Tuesday, that it acquired the remaining 30% stake in the joint venture with West African-focused gold mining and exploration company Avocet Mining, for $21 million.   In 2016, Managem acquired 40% of this project in partnership with Avocet Mining before increasing this share to 70% in 2018.   With this […]

Headlines Maghreb Morocco

UN-C 24: Petitioners Highlight Sahara Socioeconomic Progress, Decry Oppression in Tindouf Camps

Several representatives from Morocco’s southern provinces and advocates of human rights took the floor at the 19th session of the UN Committee of 24, convening in New York, to highlight the major social and economic development accomplished in the Moroccan Sahara, which has become a model of inclusive development and growth, and to renew support […]

Headlines Libya

Libya: Libyan National Parties Back Haftar at a Cairo Conference

A group of Libyan political parties, which attended a two-day conference in Cairo, has thrown support behind Khalifa Haftar, the east-based Field Marshall currently conducting a military offensive to take control of Tripoli. The gathering, called the Libyan National Parties conference, held in the Egyptian capital, June 17-18, released a multiple-point statement throwing weight behind […]

Egypt Headlines Maghreb

Egypt: UN calls for independent, impartial probe into Morsi’s death

The United Nations Human Rights office Tuesday urged Egyptian authorities to conduct an independent investigation into the death of ex-President Mohamed Morsi who died Monday during a hearing in a court. Egyptian authorities buried Morsi Tuesday at the government’s cemetery in the Nasr City district, under tight security and behind closed doors. The former leader […]

Asia Columns Headlines International Maghreb Morocco Opinions

Morocco, Azerbaijan in same fight against foreign-backed separatists

Both Morocco and Azerbaijan have suffered from the remnants of separatists hosted and armed by hostile neighboring states. Morocco has struggled to recover its territorial integrity and sovereignty after enduring the painful experience of double French and Spanish colonization that drew arbitrary borders, amputating the Kingdom of territories that were until a recent past part […]

Africa Europe Headlines International

EU Trust Fund Bêkou for Central African Republic extended until 2020

The European Commission announced this Wednesday the extension of the Bêkou Trust Fund for the Central African Republic (CAR) until the end of 2020.   The Bêkou Trust Fund (meaning “hope” in Sango) was created in July 2014 to address the political and security crisis of 2013 in CAR and remains a critical instrument to […]