Africa Business Emerging Markets Headlines International

Somalia officially joins East African Community

Somalia has finished the process of becoming a fully-fledged member of the East African Community (EAC) after it has ratified the accession treaty to an economic bloc that has some of Africa’s rapidly growing economies. Somalia joined Kenya, Tanzania, Uganda, the Democratic Republic of Congo, Burundi, Rwanda, and South Sudan, as part of the exclusive […]

Africa Headlines International

UK govt. faces five defeats in House of Lords over its Rwanda asylum deal

The UK government’s proposal to designate Rwanda as a safe asylum destination was rejected in The House of Lords on Monday (4 March) after the upper chamber passed no less than five amendments to the draft text, challenging Rwanda’s safety status. The failure of the bill is yet another in a string of bad news […]

Africa Asia Headlines International

Sudan rejects Iranian offer to build naval base – media

Sudan reportedly rejected an Iranian offer to build a naval base in its coasts in exchange for a helicopter carrier, media reports said. Sudan rejected the offer for fear of Western retribution at a time Iran-backed Houthis wreak havoc to international trade on the Red sea, The Wall Street Journal reported. In seeking a permanent […]

Africa Business Emerging Markets Headlines International Morocco

Morocco’s Managem to raise capital to finance expansion plans

Morocco’s biggest mining company Managem plans to raise 3 billion dirhams (300 million dollars) to finance its expansion plans in Morocco and Africa. The company said the capital increase will take place between March 14 and April 2 as it braces to start production at a gold project in West Africa known as Tri-K, with […]

Africa Headlines International

South Africa economy edges on recession in Q4

The mining sector has helped the South African economy avoid recession with a growth of 0.1% in the fourth quarter. The rate is not enough to create jobs for the millions of the unemployed in the country which braces for elections in May. The key mining industry recorded a 2.4 percent increase in output helped […]

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Germany willing to talk with Sahel’s new juntas in bid to confront extremism in strife-torn region

Germany, which currently chairs the Sahel Alliance, a key development body in the conflict-torn region, makes efforts to boost trust in state structures in countries such as Burkina Faso also by showing its willingness to interact with the post-coup regimes. Burkina Faso and Benin are part of a trip to the Sahel region by German […]

Africa Headlines International

Al-Shabab Jihadists force thousands to flee northern Mozambique

Thousands of civilians have been forced to flee northern Mozambique due to a surge in Al Shabab jihadist attacks, further worsening the humanitarian and the refugee crisis in the country. The UN refugee agency UNHCR said it was “deeply concerned about the escalating humanitarian crisis in Cabo Delgado,” which pushed thousands to seek a shelter […]

Africa Headlines International Maghreb Morocco

Morocco has Maghreb’s most influential ‘soft power’- Brand Finance

Morocco outperformed the rest of the Maghreb ranking first in the Global Soft Power index 2023, underscoring the country’s efforts to polish its image and expand its influence globally. Soft power refers to a nation’s ability to influence others through non-coercive means, such as culture, values, and foreign policy. Morocco jumped four places taking the […]

Africa Headlines International

Burkina Faso says 170 killed in Jihadist attack on village

Burkina Faso judicial authorities said an attack on a village in Yatenga province left 170 people, including women and children, dead as the country reels under a surge in Jihadist activity. The attack came as the military authorities in the country warned against increased risk of attacks by extremist groups, including on urban centers. The […]

Africa Asia Columns Emerging Markets Headlines International Morocco

GCC commends Moroccan King’s Atlantic African Initiative, welcomes Morocco’s reform projects

Secretary General of the Gulf Cooperation Council (GCC), Jasem Mohamed Albudaiwi, commended the Atlantic African Initiative launched by King Mohammed VI for Sahel States. The GCC States welcome the Atlantic African Initiative of King Mohammed VI which will strengthen cooperation between Sahel and Atlantic coast States, Albudaiwi said during the GCC-Morocco ministerial meeting held on […]