Africa Emerging Markets Headlines International Morocco

AfDB committed to actively contribute to financing development projects in Morocco

The African Development Bank Group (AfDB) is committed to actively contribute to financing development projects in Morocco, in line with the kingdom’s social and economic priorities. The remarks were made by the special representative of the AfDB President, Yacine Fal, at a meeting in Rabat this Thursday with Morocco’s Minister of Economy and Finance, Nadia […]

Africa Headlines International Maghreb Morocco

Sahara issue no longer on AU agenda

The Sahara issue is no longer on the agenda at the African Union, as the recently concluded 37th Summit of Heads of State and Government, the supreme body of the pan-African institution, made no reference or quotation on the national question, said Minister of Foreign Affairs Nasser Bourita. Since Morocco’s return to the African Union […]

Africa Headlines International

Burkina Faso junta leader warns AES armies ready to fight and ‘teach’ ECOWAS ‘lesson’

“They taught us a lesson, but they will also learn,” Burkina Faso’s junta leader, Captain Ibrahim Traoré, has warned the regional bloc ECOWAS of a possible armed conflict amid escalating tensions, stressing that the united armies of the Alliance of Sahel States (AES) are prepared to take on the ECOWAS forces that had been touted […]

Africa Business Finance Headlines International

Niger again fails to meet debt payment as post-coup woes pile

Niger failed to make a debt payment of 13.4 billion CFA francs ($22 million) last week, the West African debt management agency said on Monday (19 February), bringing the total default to $519 million since a coup in July 2023 and its subsequent suspension from regional financial markets. The West African Economic Monetary Union (WAEMU) […]

Africa Headlines International

Burkina Faso, Mali, Niger juntas confirm plan to form new tri-state confederation

Burkina Faso, Mali and Niger have confirmed their commitment to form a confederation following their ‘exit’ from the regional bloc ECOWAS and called to “urgently” draft provisions ensuring the free movement of people and goods between the three West African countries. A trilateral meeting of ministerial delegations on 15 February also recommended expanding the Alliance […]

Africa Algeria Columns Headlines International Morocco

Algeria struggles to keep up economically with Morocco in Sahel

Algeria is trying to catch up economically with Morocco in the Sahel. But observers see that Algerian diplomatic blunders are discouraging Sahel countries from engaging with Algiers. A new chapter of Algeria’s economic warfare was opened when Morocco had offered its ports and infrastructure to give landlocked Sahel countries access to the Atlantic and global […]

Africa Headlines International Morocco

Moroccan navy rescues 141 migrants off Dakhla

A patrol unit of the Moroccan royal navy rescued 141 Sub-Saharan migrants, including 3 women and 2 children, off the southern city of Dakhla on February 18. The migrant-loaded boat sailed from Mauritania en route to Canary Islands when the royal navy unit was asked for assistance by the national center for coordination and maritime […]

Africa Energy Headlines International

Sub-Saharan Africa: Investment in renewables needs to increase five-fold to meet COP28 goals

Sub-Saharan Africa’s investment in renewable energy needs to be boosted five-fold to meet the commitment of increasing global clean energy capacity to 11,500 gigawatts by 2030, according to a recent study. At COP28, governments reached a consensus to triple global renewable energy installations by 2030, to cap global warming at 1.5°C. But for Sub-Saharan Africa […]

Africa Business Emerging Markets Headlines International

African mining continues to be held back by infrastructure deficit — experts

While interest in Africa’s critical mineral reserves, including those vital to combating climate change, is soaring, in some places their extraction is hindered by problems with vital infrastructure, according to several recent studies. The African mining industry, which contributes an estimated 4.5% to the continent’s GDP, has also made a significant contribution to the global […]

Africa Headlines International Mauritania Morocco

Mauritania’s accession to AU Presidency, a well-deserved recognition of a player of stability in the region, Moroccan FM

Mauritania’s accession to the rotating presidency of the African Union (AU) is a well-deserved recognition of its role as a player of stability in the region, said Moroccan Minister of Foreign Affairs, Nasser Bourita. “This is a well-deserved recognition in view of Mauritania’s role, under the leadership of president Mohamed Ould Cheikh El Ghazouani, as […]