Africa Features Headlines International

Mozambique ‘tuna bond’ case: Credit Suisse loses bid to block UK trial due in October

Credit Suisse has lost its bid to block the lawsuit filed by the Government of Mozambique against the Swiss bank for its role in the 2 billion dollar scandal known as the “tuna deal”, and will thus be brought to trial in October. A UK high court judge on Monday (4 July) refused to strike […]

Africa Business Emerging Markets Headlines International Morocco

Morocco’s Al Mada plans expansion in the African food market

Morocco’s private investment fund Al Mada said it has set up an international food industry subsidiary focusing on Africa, dubbed Teralys. As part of its goal to promote food industry in Africa in a way that is conducive to regional integration, Teralys signed an agreement to acquire a majority stake in Senegal’s Patisen, Al Mada […]

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African immigrants celebrate their blended heritage on US Independence Day

Immigration from Africa to the United States has increased dramatically in the past three decades and these migrants turned to the US in pursuit of safety, opportunities and economic prospects, according to two latest studies on this topic. As the US commemorates 247 years of independence on Tuesday (5 July), African immigrants celebrated Independence Day […]

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DRC will take advantage of China’s export limits on rare metals amid global supply concerns

Congo aims to capitalize on increased germanium demand, created by export limits on gallium and germanium recently imposed by China, by establishing a new production unit, positioning itself as a valuable source of the semiconductor material. Invoking national security concerns, Beijing on Monday (4 July) announced export limits on select gallium and germanium components, raising […]

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EU provides 66 million euro to Niger to back national budget

Josep Borrell Fontelles, the High Representative of the European Union for Foreign Affairs and Security Policy, announced Wednesday, the bloc will provide Niger with 66 million euro earmarked to back the West African country’s national budget. Borrell made the announcement following a meeting with President Mohamed Bazoum. He also argued that the support could be […]

Africa Headlines International Morocco

Sahara: Djibouti Reaffirms Support to Morocco’s Sovereignty over its Southern Provinces

Speaker of Djibouti’s Parliament Dileita Mohamed Dileita has reaffirmed his country’s unwavering backing to Morocco’s sovereignty over its entire Saharan territory. During a meeting he held Wednesday in Rabat with Speaker of Moroccan House of Councilors, Mr. Dileita reiterated his country’s commitment to defend this position in all regional and international fora. The Speaker of […]

Africa Headlines International Morocco

Rabat hosts CAF Executive Committee meeting on Friday

The Executive Committee of the Confederation of African Football (CAF) will meet in Rabat on Friday ahead of the final of the U-23 African Cup of Nations (AFCON), the continent’s football governing body announced on Wednesday. The meeting, to be chaired by CAF President Patrice Motsepe, will focus on the bidding process currently underway for […]

Africa Features Headlines International Tunisia

Tunisia detains three Sub-Saharans following stabbing to death of one Tunisian

Three Sub-Saharans illegally living in Tunisia have been arrested after the death of 38-year old Tunisian man by stabbing in the governorate of Sfax. The stabbing according to Sfax 1 Court occurred last Monday in the commune of Sekyet Eddeyer of Tunisia’s second city. The deceased was reportedly attacked by the three men in the […]

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African creator economy’s resilience challenged by economic uncertainty

As the creator economy in Africa has grown in recent years, enabling talented people to leverage their skills in this digital age, the likelihood of global recession in the near future may unravel the true resilience of the creator economy. Rather than just generating a steady income, digital creators around Africa are also creating jobs […]