Africa Finance Headlines International

Ghana issues gold coin to boost domestic savings

Ghana’s Central Bank launched a new gold coin to boost domestic savings, manage liquidity, and strengthen the Cedi currency. The coin, made from gold mined in Africa’s biggest producer of the metal, has been refined to 99.99% purity, Governor of the Bank of Ghana Ernest Addison told reporters. The coin comes in three sizes of […]

Africa Americas Finance Headlines International

USAID, AfDB partner to promote social, economic development in Sahel

The US Agency for International Development aid (USAID) and the African Development Bank (AFDB) signed a $600 million deal to promote social and economic development projects in the Sahel. The co-financing agreement will be used to support good governance, resilient agriculture, private sector development, water security, sanitation, and health systems. The agreement “reflects a joint […]

Africa Emerging Markets Headlines International Morocco

OCP Africa helps Mali develop sustainable agriculture

OCP Africa, a subsidiary of Morocco’s OCP Group, the world leader in plant nutrition solutions and phosphate-based fertilizers, will provide Malian farmers with customized solutions for the development of sustainable agriculture. Under an agreement signed Thursday with Mali’s ministry of agriculture, OCP Africa experts will conduct scientific studies and carry out tests in experimental plots […]

Africa Europe Headlines International

Britain and Mauritius reach historic agreement on Chagos Islands

Britain has announced an agreement to cede sovereignty of the Chagos Islands to Mauritius, resolving a long-standing dispute while preserving the UK-US military base on Diego Garcia. The deal allows for the resettlement of displaced Chagossians, addressing a historical injustice dating back to the 1970s. British Foreign Minister David Lammy emphasized that the agreement secures […]

Africa Energy Headlines International Mauritania

Mauritania-Senegal: Production of the “Grande Tortue Ahmeyim” gas field planned for early 2025

Mauritanian Minister of Energy and Petroleum, Mohamed Ould Khaled, has announced that the extraction operations from the joint gas field with Senegal, designated as the Grande Tortue Ahmeyim (GTA), are projected to start in early 2025. During his address at the inaugural Mauritanian-Senegalese Economic Forum in Dakar, which commenced earlier this week under the theme […]

Africa Emerging Markets Finance Headlines International Morocco

Morocco tops list of African countries offering highest salaries, Vanguard

Morocco topped the list of African countries where workers earn the highest salaries, according to a survey by Nigerian media the Vanguard. Morocco came first on the list “with an average salary of $2,031 due to its diversified economy, strong sectors like tourism, textiles, and mining, and strategic investments in infrastructure,” the media said. The […]

Africa Headlines International

Côte d’Ivoire: Ruling Party urges Ouattara to seek unprecedented fourth term

The ruling party of Côte d’Ivoire has expressed strong support for President Alassane Ouattara to seek a fourth term in the upcoming 2025 elections. This development increases the likelihood of the 82-year-old leader extending his tenure, despite previous indications of his desire to step down. The Rally of Houphouëtists for Democracy and Peace (RHDP) passed […]

Africa Americas Headlines International Morocco

Ministerial Meeting of Global Coalition to Defeat ISIS welcomes role of Africa Focus Group, Co-chaired by Morocco

The ministerial meeting commemorating the 10th anniversary of the creation of the Global Coalition to Defeat ISIS issued, Monday in Washington, a communiqué reaffirming the importance of the Africa Focus Group in the fight against terrorism in Africa. The group, co-chaired by Morocco, Saudi Arabia, the United States, and Italy, plays a central role in […]

Africa Headlines International

Gabon, Equatorial Guinea face off in ICJ over small islands

Equatorial Guinea has rejected a claim laid by Gabon at the International court of Justice in The Hague to islands that could have oil and gas resources. The two countries have been at loggerheads over Mbanie, an island of 30 hectares, and two other smaller islands nearby. The dispute is a relic of the French […]

Africa Headlines International

UN General Assembly: Burkina Faso accuses foreign powers of exacerbating Sahel crisis

Burkina Faso’s Minister of Foreign Affairs, Karamoko Jean Marie Traore, highlighted before the UN General Assembly High-Level Debate in New York his country’s progress in combating terrorism and criticized foreign interference in the Sahel region. Traore reported that Burkina Faso now controls nearly 70% of its territory, up from 40% in 2022, in its fight […]