Mauritania’s Sidi Ould Tah, who secured a five-year mandate at the helm of the African development Bank, one of the continent’s most influential financial institutions, pledged in his victory speech to “build a stronger, more responsive AfDB” that can better support member countries in tackling urgent challenges such as climate resilience, food security, and youth […]
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Sahel Alliance charts independent economic path with new development bank
Mali, Burkina Faso, and Niger are accelerating economic integration through their Alliance of Sahel States (AES), establishing a Confederal Bank for Investment and Development with 500 billion CFA francs in initial capital as they pursue greater autonomy from traditional West African institutions. The alliance, formed in September 2023 amid growing dissatisfaction with ECOWAS policies, has […]
Sahel: Dialogue & cooperation with Morocco “a top strategic priority” for the EU
Dialogue and cooperation with Morocco remain “a top strategic priority” for the European Union, said the EU Special Representative for the Sahel region João Cravinho, who pointed out that the Kingdom’s relationship with neighboring Sahel countries is, for the EU, a vital source of insight. The EU official made the remarks in a statement to […]
Kenya’s support for Morocco’s sovereignty over Sahara reshapes African alliances
Kenya’s support for Morocco’s autonomy plan for the Sahara territory sent shockwaves across Africa and a blow to a weakening pro-Polisario alliance led by Algeria and South Africa. The new Kenyan volt-face on the Sahara issue in favor of Morocco’s territorial integrity, was expressed in a joint statement during a visit by Kenyan foreign minister […]
France considers freezing assets of Algerian oligarchs amid escalating diplomatic rift
The diplomatic standoff between France and Algeria has escalated into a retaliatory spiral, with Paris now reportedly preparing to freeze the assets of 20 senior Algerian regime figures, according to French media outlets including L’Express. The measure, currently under review by the French Ministries of Foreign Affairs and Interior, would mirror the sanctions imposed on […]
Morocco’s OCP turnover rises to $2.3bln by March 2025
Morocco’s phosphates and fertilizer giant, OCP, reported a 10% growth in its revenue in the first three months this year to $2.3 billion. This performance was attributed to higher demand on fertilizers in Europe, Brazil, Africa, and India, where inventories have been depleted. It also took place in a context of DAP/MAP fertilizers export restrictions […]
Morocco speeds up opening of first UN Tourism Innovation Office for Africa
Morocco and the UN World Tourism Organization have signed a financial agreement related to the establishment of the organization’s first African innovation Office in Rabat, Morocco. The financial agreement was signed Thursday in Madrid by Morocco’s Minister of Tourism, Fatim-Zahra Ammor, and UN Tourism Secretary-General Zurab Pololikashvili. This agreement follows host country agreement signed between […]
Morocco, serious African contender for hosting F1 Race
Morocco is poised to enter race for hosting the prestigious Formula-One among two other African candidates, South Africa and Rwanda, vying for the event. To enhance its chances, the North African Kingdom has a $1.2 billion project, sited 20 kilometres south of the coastal city of Tangiers, according to online motorsport website “RacingNews365”. The Moroccan […]
Morocco’s competition regulator investigates potential violations by Glovo
The Moroccan branch of the food delivery platform GlovoApp is under formal investigation by the Competition Council for suspected anti-competitive practices. The probe centers on allegations of abuse of dominant market position and the use of predatory pricing strategies. Although the Council’s official statement did not name Glovo directly, sources confirm the company is the […]
Mauritania’s Sidi Ould Tah elected ninth president of the African Development Bank Group
Sidi Ould Tah of Mauritania was elected this Thursday President of the African Development Bank Group at the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire. Sidi Ould Tah will succede Nigerian Akinwumi Adesina at the helm of the AfDB. Tah was elected by the Bank’s Board of Governors, comprising Finance and Economy Ministers or […]