Africa Continental Free Trade Area (AfCFTA) can only be successful if there is seamless movement of people, goods and services and a reinforced nexus with the continent’s industrialization so as to effectively realize Africa’s critical development aspirations. AfCFTA can only be successful if there is seamless movement of people, goods and services, according to Dr. […]
Headlines
Arab leaders shun Algiers’ summit
Has the Arab summit failed before its kickstart on November 1? As was expected, the Arab summit in Algeria is on its way to be the least attended by Arab monarchs and presidents. Saudi Crown Prince and Prime Minister was the first to apologize from attending the Algiers summit and other Gulf monarchs are expected […]
Morocco turns to taxes to cut deficit
Morocco plans to increase the budget for health, education and social safety nets next year but expects the budget deficit to be reduced thanks to an increase in tax revenue, reads the 2023 draft budget. The budget plans to increase in the next four years taxes on companies exceeding 100 million dirhams in annual profits. […]
EU-Africa energy partnership in wake of Russia-Ukraine war
As the European Union restructures its plans for energy security in light of shifting geopolitical realities, high-level European and African energy stakeholders met during the Africa-Europe Roundtable in Cape Town to discuss the potential of Africa’s hydrocarbon and renewable resources to help attain global energy security. Addressing the role of the African continent in advancing […]
Under ECOWAS pressure, Guinea junta agrees to leave power in two years
Guinea’s ruling junta has agreed to restore civilian rule in two years, after facing sanctions by the West African bloc ECOWAS over its original plan for a three-year transfer of power. “In a dynamic compromise, experts from ECOWAS and Guinea have jointly developed a consolidated chronogram (timetable) for a transition spread over 24 months,” Economic […]
Somali forces end deadly al-Shabab hotel siege; UN warns of full-blown famine
An attack claimed by the al-Shabab armed group on a popular hotel in the centre of the Somali port city of Kismayo killed nine civilians on Sunday, October 23, as the World Food Program (WFP) warned it is only a matter of time before the conflict-torn Somalia is hit with a full-blown famine and people […]
Morocco, Germany to bolster cooperation in counterterrorism, cross-border extremism
Morocco and Germany have agreed to strengthen their operational cooperation in the fight against terrorism and cross-border extremism, in addition to cross-border and organized crime. According to a statement released by Morocco’s National Police (DGSN), following a joint security committee meeting, the scope of this cooperation also includes the fight against drug trafficking, illegal migration […]
Cairo-based Hassan Allam Holding mulls plans to invest $150m in Morocco
Egypt’s leading engineering, construction and infrastructure company, Hassan Allam Holding, is considering investing up to $150 million in renewable energy and seawater desalination, in Morocco, the company’s CEO Amr Allam told Asharq Business in an interview. “If we entered a partnership in a renewable energy plant with a capacity between 50 and 100 megawatts (MWs), […]
Burundi re-opens borders with all neighbors including Rwanda
Burundi has reopened borders with its neighbors including Rwanda with whom it has had sour relations since 2015 over accusations that Kigali provides safe haven for former and late leader Pierre Nkurunziza. “All the borders of Burundi with its neighboring countries are open. Burundi is a country where everyone can enter and leave freely,” the […]
UN ‘urgently’ needs $13 million for Palestinian refugees in Lebanon
The United Nations agency for Palestinian refugees (UNRWA) appealed Friday for $13 million in funding to support Palestinians in Lebanon, as the country reels from an unprecedented economic crisis. “Palestine refugees, living in overcrowded camps… are at the end of their rope,” UNRWA chief Philippe Lazzarini said in a statement, adding that “almost every Palestinian […]









