Africa Community Headlines International Morocco

Permanent Secretariat of African network of national preventive mechanisms against torture inaugurated in Rabat

The headquarters of the permanent secretariat of the African network of national preventive mechanisms against torture was inaugurated on Saturday in Rabat at the National Council for Human Rights (CNDH) head office. The permanent secretariat’s inauguration by representatives of African network members translates the collective commitment of human rights defenders in Africa and their shared […]

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Africa and Middle East attracting growing share of $400bn in global wealth — report

A new study into global wealth creation and redistribution has revealed a noteworthy trend in Africa and the Middle East, which are now attracting a growing share of the $400 billion in wealth brought along by migrating ultra-rich individuals. Since the onset of the Covid-19 pandemic, billionaires worldwide have been relocating more frequently, with Switzerland, […]

Africa Emerging Markets Finance Headlines International Morocco

Morocco’s ONCF draws investors’ interest at AfDB’s Africa Investment Forum, commitments exceed $14 billion

Morocco’s railway operator ONCF has presented a “strategic” plan to expand the service for a total cost of 8.8 billion dollars, in a project that drew interest of investors offering up to 14 billion dollars, head of the African Development Bank chief Akinwumi Adesina said. The project was a “big success” for Morocco, Adesina said […]

Africa Emerging Markets Finance Headlines International Morocco

AfDB garners $29.2 billion in its investment forum in Rabat

Curtains fell on the Africa Investment Forum in Rabat which helped the African Development Bank (AfDB) mobilize a total funding of $29.2 billion for 47 projects, covering critical areas such as water supply, energy, transport, mining, pharmaceuticals, private equity, tourism, and infrastructure. The event drew 2,300 investors and delegates from 83 countries, AfDB chief Akinwumi […]

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South Africa protestors call for better ties with Morocco, sending strong message to Algerian junta

Several disgruntled South Africans gathered outside the African National Congress’s (ANC) Headquarters in Johannesburg to protest against the ANC’s hostile diplomatic approach to Morocco, signaling a growing rift within South Africa’s politicians over relations with the North African Kingdom and the Sahara issue. With Morocco’s rising economic power in Africa, increasing voices in South Africa […]

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US spy plane accused of violating DRC, Uganda airspaces, near oil, military facilities

An alleged US spy plane has been accused of breaching the airspaces of the Democratic Republic of Congo (DRC) and Uganda, raising concerns that it may have been involved in possible espionage in sensitive areas with oil facilities and military bases. Fresh details have now emerged in Ugandan media, showing the aircraft could have photographed […]

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Africa Visa Openness Index 2024: mixed progress with many challenges lying ahead

The number of African countries offering e-visas has risen from 9 in 2016 to 26 in 2024, the latest addition of the Africa Visa Openness Index (AVOI) has revealed, with Benin, The Gambia, Rwanda and the Seychelles ranked the highest in visa openness, with Africans requiring no visas to enter these countries. The 2024 Africa […]

Africa Emerging Markets Finance Headlines International Morocco

Morocco’s Attijariwafa Bank buys back $290 million of Gabon’s external debt

Attijariwafa Bank has conducted an early buyback of $290 million of Gabon’s external debt, in a transaction that will ease the debt burden in the country and foster its financial stability. The operation represents 50% of Gabon’s Eurobond. It was made by l’Union Gabonaise de Banque (UGB), the local subsidiary of Attijariwafa Bank. The operation […]

Africa Columns Headlines International Maghreb Morocco

ANC sections urge South Africa to strengthen relations with Morocco, support UN Security Council Resolutions on the Sahara

Several sections of the African National Congress (ANC), the ruling party in South Africa, have called for strengthening bilateral relations with Morocco, for recognizing the Kingdom’s invaluable support for the fight against apartheid. They also urged South Africa to refrain from supporting parties advocating military action, alluding to the Algeria-backed polisario and its military plans, […]

Africa Americas Headlines International

Biden ends Africa trip with commitment to critical minerals corridor

President Joe Biden wrapped up an African visit during which he promised US investments to counter a growing Chinese influence, while focusing on the Lobito corridor that will ease the transport of critical minerals to the US market. The corridor has been at the heart of the US African strategy due to its potential in […]