Africa Americas Headlines International

Two Sudanese brothers charged with running cyberattack-for-hire gang

Two Sudanese nationals have been indicted by the U.S. Department of Justice for their alleged involvement in running the hacking group “Anonymous Sudan,” responsible for orchestrating a wave of cyberattacks targeting critical infrastructure and government agencies worldwide. The accused, Ahmed Salah Yousif Omer, 22, and Alaa Salah Yousif Omer, 27, face charges including conspiracy to […]

Africa Egypt Emerging Markets Headlines International

Nile River accord enters into force despite Egypt, Sudan objection

Six Nile upstream countries have ratified a deal dubbed The Nile River Basin Cooperative Framework (CFA) Agreement, which officially entered into force on October 13, despite objections by downstream countries: Egypt and Sudan. In a joint statement, Sudan and Egypt urged all Nile Basin states “to restore the integrity of the 1999 Nile Basin Initiative […]

Africa Business Egypt Emerging Markets International

Egypt launches investment fund for Nile Basin countries

Egypt has officially launched a Fund dedicated to investment in the Nile Basin, aimed at fostering development through collaboration with neighboring countries. This initiative was announced on October 14. The fund is designed to facilitate investment in development and infrastructure projects across the Nile Basin nations, adhering to strict economic standards to enhance project success […]

Africa Emerging Markets Headlines International

Senegal unveils ambitious 25-year economic transformation plan

Senegal’s government has launched a comprehensive 25-year economic and social development plan, aiming to reshape the nation’s future and address long-standing challenges. The initiative, unveiled by President Bassirou Diomaye Faye, seeks to establish economic sovereignty through enhanced competitiveness, sustainable resource management, and improved governance.   The plan’s first phase, spanning 2025-2029, carries a $30.1 billion […]

Africa Emerging Markets Finance Headlines International

World Bank puts growth in Sub-Saharan Africa at 3% in 2024

The World Bank revised downwards economic growth in Sub-Saharan Africa to 3% instead of 3.4%, citing the impact of the war in Sudan. The forecast is still higher than the 2.4% registered last year, thanks to increased private consumption and investment, the Bank said in a recent report. The report forecasts growth of 3.9% for […]

Africa Headlines International Morocco

Laayoune/Africa: Moroccan Clubs off to good start at 45th African Handball Champions Club Championship

Moroccan handball club Wydad Smara defeated over the weekend Ethiopia’s Mechal Handball Sport Club (40-18) at the 45th African Champions Club Championship taking place in Moroccan Saharan city of Laayoune. Mountada Derb Sultan (Morocco) also beat Ethiopian club Krikos 38-12, while Raja Agadir (3rd Moroccan club participating in the tournament) secured a 21-21 draw against […]

Africa Algeria Headlines International

Tuareg rebels increasingly rely on Ukrainian drones in war with Mali- Le Monde

Tureg rebels have been using Ukrainian drones to target Mali and their Wagner allies in an insurgency that worsened ties between Bamako and Algiers, French paper Le Monde said. Malian forces have in recent months made inroads. Backed by Russian Wagner militias, they pushed Tuareg CSP rebels to seek refuge in southern Algeria. CSP, a […]

Africa Egypt Headlines International

Somalia welcomes Egypt’s offer to deploy troops

Somalia said it welcomes an Egyptian offer to deploy troops once the mandate of an African Union peace keeping mission expires in December. The decision is seen from Ethiopia as a hostile move, amid tension between Cairo and Addis Ababa over the Ethiopian renaissance dam. Somalian officials issued a statement following a summit in the […]

Africa Americas Business Columns Emerging Markets Headlines International Morocco

U.S. Think-Tank: Morocco’s Royal Atlantic Initiative seeks to reshape Sahel & Sub-Saharan regions

The initiative launched by King Mohammed VI offering Atlantic access to African landlocked countries seeks to reshape the geostrategic landscape of the Sahel and Sub-Saharan regions amid a wave of coups fueled by economic and social decline, said a U.S. think-tank. In an analysis on the royal initiative, Carnegie Endowment for International Peace said the […]

Africa Emerging Markets Features Headlines International Morocco

Blue Africa Summit 2024: Africa asserts its maritime ambition

Tangier has successfully hosted this week the second edition of the Blue Africa Summit, an event that marked a decisive turning point in Africa’s maritime ambition. The summit, held under the high patronage of King Mohammed VI, brought together political leaders, experts, and key players in the maritime sector, who underscored the growing importance of […]