Africa Asia Emerging Markets Headlines International Morocco

Marrakech Air Show 2024: Moroccan military cooperation discussed with UAE, Cape Verde

Moroccan military and defense cooperation with the United Arab Emirates and Cape Verde was discussed on the sidelines of Marrakech Air Show 2024 held October 30 through November 2. In this connection, Inspector General of the FAR and Commander of the South Zone, Lieutenant General Mohammed Berrid, held separate meetings Thursday with Chief of Staff […]

Africa Headlines International

Mozambique’s post-election protests calling for political change leave dozens dead or injured

At least 11 people have reportedly died and 63 were injured by gunfire in Mozambique in a police crackdown on popular protests following disputed presidential election results. Demonstrations erupted after the East African country’s electoral commission declared the ruling Frelimo party the winner of the election that was held on 9 October, thus extending its […]

Africa Headlines International

Senegal: Power struggle intensifies as Parliament hangs in balance

Senegal has entered a crucial phase of political maneuvering as parties vie for control of the national assembly in the upcoming November 17 legislative election. The contest represents a critical test for President Bassirou Diomaye Faye’s reform agenda, following his decisive victory in the recent presidential election. The dissolution of parliament last month set the […]

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Saudi Arabia pledges $41 bln investment in Africa over next decade

Saudi Arabia promised $41 billion worth of investments in Sub-Saharan Africa, Saudi finance minister Mohammed bin Abdullah Al-Jadaan said. The investments include a $1 billion development program for Africa, $5 billion for startups from the Saudi Development Fund over the next decade, and $10 billion in financing from the Saudi Export-Import Bank. Additionally, private sector […]

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Sweden strengthens African development through strategic capital markets investment

Sweden has joined the Netherlands and Luxembourg in making a significant contribution to Africa’s financial development, pledging 50 million Swedish crowns ($4.8 million) to the African Development Bank’s Capital Market Development Trust Fund (CMDTF). This investment, channeled through Sweden’s International Development Agency, aims to strengthen and integrate Africa’s regional financial markets. The initiative serves multiple […]

Africa Energy Headlines International Mauritania

Mauritania-Senegal: BP announces progress towards imminent exploitation of Ahmeyim Field

Murray Auchincloss, Chief Executive Officer (CEO) of British Petroleum (BP), announced Wednesday October 30, significant progress towards the upcoming exploitation of the Ahmeyim liquefied natural gas (LNG) project, situated off the coasts of Mauritania and Senegal. BP is anticipating the commencement of production and export operations in early 2025, a development that underscores the growing […]

Africa Headlines International

Sudan: A new-armed militia adds uncertainty to the conflict

Fears are escalating over the Sudanese conflict, now more than 18 months ongoing, as a newly formed militia enters the fray in eastern Sudan. The new militia, known as the “Eastern Battalion,” was reportedly trained in neighboring Eritrea. According to a statement, the group has begun operations in Kassala state, near the Red Sea region. […]

Africa Business Emerging Markets Europe Headlines International Morocco Technology

Moroccan Satellite Communications System for Africa to Speed up Continent’s Digitalization

Moroccan Panafsat company is planning to deploy a satellite communications system destined for Africa with the support of Thales Alenia Space, a joint venture set by French Thales group and Italian Leonardo corporation. The announcement was made during the meeting held Tuesday in Rabat between Moroccan-French businessmen on the sidelines of the state visit French […]

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Sudan: Five advisers to General Hemedti abandon the RSF, join al-Burhan’s Army and made revelation

Following the recent defection of a senior military leader from the Rapid Support Forces (RSF) in Al-Jazirah State, five political leaders on October 26 publicly announced their departure from the RSF, officially joining the Sudanese Army led by General Abdel Fattah al-Burhan. These former advisers to RSF head General Mohamed Hamdan Daglo, also known as […]

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IMF notes ‘subdued’ growth in Sub-Saharan Africa

The IMF expects the Sub-Saharan African economy to grow by 3.6% in 2024 and 4.2% in 2025, noting that growth remains “subdued and uneven.” Resource-intensive countries continue to grow at about half the rate of the rest of the region, with oil exporters struggling the most, the IMF said in its regional economic outlook. “Factors […]