Africa Asia Business Emerging Markets Headlines International Morocco

Saudi-African Summit: Riyadh Declaration highlights Moroccan King’s development vision for Africa

The “Riyadh Declaration” issued at the end of the Saudi-African Summit, held on Friday, stressed the importance of strengthening cooperation in the fields of air and sea transport, as well as logistics services, to serve the mutual interests of both parties. The Riyadh Summit will thus have interacted positively with King Mohammed VI’s forward-looking vision […]

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AfDB calls for more investment in agriculture to tackle Africa’s ‘great paradox of development’

Africa Development Bank (AfDB) has announced the launch of the Special Agro-Industrial Processing Zones Alliance (SAPZ) to mobilize at least $2 billion in financing and investment commitments from its members to develop the continent’s food and agribusiness industry over the next five years. The project has been hailed as a significant step towards making Africa […]

Africa Headlines International

Cameroon: dozens dead and injured in attack by Anglophone separatists

At least twenty people, including women and children, have been killed and another ten injured in a dawn raid on a village by Anglophone separatists in western Cameroon, where these rebels and the army have been fighting each other for seven years. The English-speaking gunmen attacked a village in a neighborhood in the town of […]

Africa Headlines International

Sudan conflict: rival military factions commit to facilitating humanitarian aid

After days of talks in Jeddah, the Sudanese Armed Forces (SAF) and the paramilitary Rapid Support Forces (RSF) have agreed to commit to facilitating humanitarian aid and implement trust-building measures, but a ceasefire is yet to be agreed upon. A joint statement by Saudi Arabia, the United States, and the regional African bloc Intergovernmental Authority […]

Africa Headlines International

Ethiopian PM’s call for Red Sea port access sends jitters across Horn of Africa

Horn of Africa is concerned about a new war in the battle-scarred region after Ethiopian Prime Minister Abiy Ahmed’s call for a direct port access on the Red Sea, asserting that access to the sea is an existential question. Ethiopia is abuzz with rumors of a looming war in the region after Abiy reportedly told […]

Africa Europe Headlines International

Hungarian legislature green-lights deployment of troops to Chad

Hungary will send up to 400 troops to Chad to protect the interests of the European country and assist international forces in the region in the fight against terrorism. The decision was validated by the parliament on Monday November 6. The troops will arrive as late as December 31, Alwihda Info reports, citing local Hungarian […]

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Macky Sall orders Premier to curb illegal migration to Canary Islands right from home

Senegalese President Macky Sall Wednesday November 8 instructed the country’s Prime Minister to curtail all illegal migration attempts via the sea to the Spanish autonomous territory of the Canary Islands, after hundreds of Senegalese, including women and children, were rescued over the week-end off Mauritania’s coasts. “The Head of State referred to the National Strategy […]

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Africa Investment Forum: Morocco’s King Calls for Boosting Entrepreneurship to unleash Africa‘s Full Potential

King Mohammed VI has called for bold and innovative initiatives to encourage private entrepreneurship avail the huge business opportunities offered in the African Continent. In a message addressed to participants in the 4th Africa Investment Forum, which opened in Marrakech under the theme: “Unlocking Africa’s Value Chains”, the Monarch urged African countries to adopt an […]

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Afreximbank’s PAPSS continental payment system joined by 11 African central banks

The Africa Export-Import Bank, or Afreximbank, has incorporated 11 African central banks into its flagship Pan-African Payment and Settlement System (PAPSS) that offers an alternative in which participants can conduct transactions in their currencies, eliminating the necessity for a third-party currency such as the US dollar. The PAPSS is one of the Afreximbank’s efforts aimed […]

Africa Headlines International

Niger’s military junta regime calls on Togo president to mediate

Niger’s military junta has called on Togo’s President Faure Gnassingbe “to be a facilitator, to be able to facilitate this dialogue with our various partners,” in particular with the West African bloc ECOWAS which has maintained sanctions against the country since the July coup. While meeting Gnassingbe in Togo’s capital Lomé, Niger’s Minister of Defense, […]