Africa Finance Headlines International Maghreb Morocco

Morocco’s Banks Invested over $1.8 Bln in African Countries

Moroccan banks have invested more than $1.8 billion in 25 African countries between 2007-2017, says a report released by the Moroccan ministry of economy & finance. These investments represent 52.2 pc of total Moroccan funds injected in Africa. Over 16.4 pc of the Moroccan investments were made in the telecom sector, 12.3 pc in industry […]

Asia Europe Headlines International

UK Foils Iranian Terror Plot in 2015; Covers It up (Telegraph)

The British security services caught in 2015 terrorists, linked to Hezbollah, the Lebanese militant group backed by Iran, stockpiling three tons of explosive materials on the outskirts of London in a secret bomb factory, reported Daily Telegraph.   The explosive materials were stashed in disposable ice packs containing ammonium nitrate, a common ingredient in homemade […]

Headlines Morocco

Indian man arrested in Tangiers for alleged connection with illegal migration

Security forces in the city of Tangiers have nabbed an Indian national suspected for involvement in an illegal migration network and human trafficking. The man, who was arrested on Saturday, has been residing in Morocco illegally, according to a statement from the General Directorate of National Security (DGSN) released Monday, June 10. Security authorities suspected […]

Africa Headlines International

UN Secretary-General “outraged” by attack on Malian village; calls for dialogue

The UN Secretary-General said he was “outraged” by the “barbaric” attack on Sobanou-Kou village in central Mali that killed at least 95 civilians, including women and children, and injured many others.   Antonio Guterres also “strongly” condemned the attack and called on the Malian authorities “to investigate this tragedy”, according to a statement issued by […]

Headlines Maghreb Morocco

Morocco: Over 133,000 people applied to join military service

The restoration of military service in Morocco was met with success as 133,820 young people, including 13,614 women, voluntarily registered their names in the census lists. Girls made up 10.7% of total applicants according to a statement of the interior ministry which said that the list of the beneficiaries will be determined by local authorities. […]

Africa Headlines International

Kenya closes border with Somalia on backdrop of maritime dispute

It’s official. The government of Kenya has closed a border with neighboring Somalia indefinitely with cross-border trade banned in the process. Rising tensions between Kenya and Somalia over political and economic interests have seen the two East African countries also spar pettily over border and immigration rules in recent months. The border closure is the […]

Headlines Libya Maghreb

Libya: UN Security Council strengthens arms embargo amid ongoing Tripoli fighting

The UN Security Council Monday extended for one year the existing arms embargo on Libya in a move welcomed by the UN Chief who asked all countries to implement the ban on the North African country, which has become a terrain of international influence. Members of the council unanimously voted in favor of the ban […]

Business Egypt Headlines

Egypt’s Suez canal generates revenues of $6.24 billion

Egypt gained $6.24 billion in revenues from the Suez canal, that is a 5.14% rise compared to last year. The Egyptian government set the target of doubling that figure to $13 billion by 2023 as it sees growth against the backdrop of improved security conditions and improved trade between Europe and Asia. The canal is […]

Africa Energy Headlines International

Uganda: 10 MW photovoltaic solar power plant commissioned

Uganda has commissioned a turnkey 10 MW photovoltaic solar power plant in Bufulbi, southeast Uganda. According to the Greek company, Metka EGN, the facility is equipped with the latest technology available on the market, with a system that allows solar panels to track the sun. The 10-megawatt photovoltaic solar power plant is built on an […]

Headlines Tunisia

Tunisia: Government to buy 110 new trains to replace aging vehicles

Tunisia is on the verge of buying 110 trains to replenish its aging railway sector, Transport Minister told media on Monday. The state has issued a tender for the trains, Hichem Ben Ahmed told local media La Presse. The trains will replace current ones which on average are 35 years old, Ben Ahamed also noted […]