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Africa pivots from Europe and North America to Asia on trade — reports

Over the past two decades, Africa’s trade partnerships have significantly shifted away from Europe, with Asia emerging as the primary trading partner, a recent analysis by Mo Ibrahim Foundation noted, whereby this development is underpinned by high‑growth corridors both between African regions and with regions beyond including Asia and the Middle East, according to a […]

Africa Emerging Markets Finance Headlines International Morocco

Afreximbank pledges $1 Bln for Morocco-Africa trade & investment program

African Export-Import Bank has pledged $1 billion in support for Morocco-Africa Trade & Investment program which finances and promotes intra- and extra-African trade. An agreement was inked over the weekend on the sidelines of the 2023 Annual Meetings of the World Bank & the International Monetary Fund held in Marrakesh October 9 to 15. Under […]

Africa Headlines International

Dakar hosts 12th session of OIC Standing Committee on Information & Cultural Affairs

The Senegalese capital of Dakar will stage for two days from October 17 the 12th Session of the Organization of Islamic Cooperation Standing Committee on Information and Cultural Affairs, known as COMIAC. President Macky Sall will co-chair the session along with OIC Secretary-General Hissein Brahim Taha. The meeting will address activity reports of the OIC […]

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Mali adamant on seeing UN peacekeeping leaving by December 31st

Mali has refused to extend the timeline for the United Nations Multidimensional Integrated Stabilization Mission in Mali (MINUSMA) to withdraw from the country beyond the deadline of December 31st, as previously agree despite confrontations between the Army and rebels and terrorist groups in the north. The UN Security Council adopted a resolution end of June […]

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IMF members increase contributions; Africa gets third seat on board

The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third seat on its executive board at its first meetings on the continent since 1973. The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a […]

Africa Headlines International Morocco

AFCON-2025 in Morocco will be the best in the continent’s history, CAF President says

The Africa Cup of Nations (AFCON), to be held in Morocco in 2025, will be “the best in the history of the continent”, said, on Friday in Marrakech, Patrice Motsepe, President of the Confederation of African Football (CAF). “The eyes of the world will be on the continent when the AFCON 2025 will be held, […]

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Marrakesh WB-IMF Meetings: Morocco’s King calls for strengthening multilateralism for world peace

King Mohammed VI has called for strengthening the spirit that drives multilateralism to preserve the world’s stability and peace, stressing the need to boost synergies to address common global climate and socioeconomic challenges. In a message to the main plenary of the Annual Meetings of the World Bank and the International Monetary Fund (IMF) that […]

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African High-Level Ministerial Meeting calls for an equitable global financial architecture

The High-Level Ministerial Meeting on accelerating the financing of Africa’s emergence, held on Thursday on the sidelines of the WB-IMF Annual Meetings, culminated in the adoption of the “Marrakech Declaration” which calls for a “global financial architecture that is fairer and more conducive to Africa’s development.” In this Declaration, the 48 countries that took part […]

Africa International

Madagascar: Top Court postpones first round of presidential polls to Nov. 16

Madagascar’s top Court, Haute Cour Constitutionnelle (HCC), has pushed to Nov. 16 the first round of presidential elections initially slated for Nov. 09. The Court made the decision Thursday October 12, two days after the electoral campaign kicked off. The institution argued that the move came “by virtue of its regulatory power”, in response to […]

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Côte d’Ivoire: Top diplomat elected Senate speaker

Kandia Camara, Côte d’Ivoire’s Foreign Minister, was elected Thursday October 12 Speaker of the country’s Senate, the first time a woman will lead the upper house of the country’s legislature. The 64-year-old diplomat landed 91 votes out of 97. She was appointed member of the house Monday October 9 by the country’s leader Alassane Outtara. […]