Africa Business Headlines International Morocco

Morocco, 2nd best place for investment in Africa – Rand Merchant Bank

The South African Rand Merchant Bank (RMB), in its latest “Where to invest in Africa” report, identifies Morocco as the second country on the continent with best investment-attractiveness thanks to its stability. The author of the report, RMB Africa Economist Daniel Kavishe indicated that Morocco’s economy continues to benefit from political stability. He also highlighted […]

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Morocco, 4th African country where innovation thrives

The kingdom of Morocco is ranked 4th African country on Global Innovation Index 2021 (GII2021) of the World Intellectual Property Organization (WIPO) that captures the innovation ecosystem performance of 132 economies, and tracks the most recent global innovation trends. Globally, Morocco ranks 77th, a poorer performance in comparison with the previous year’s ranking of 75th. […]

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Mali to create its War College

The Malian National Transitional Council adopted on Thursday a bill to create a War College. The CNT, which acts as a legislative assembly during the transition period, voted for the creation of the school, which is intended to strengthen the national security arsenal, in particular to train future Malian army officers. The EGM, the Mali […]

Africa Headlines International Morocco

Cycling: The 2025 World Championships in Rwanda, a first in Africa

The 2025 world road cycling championships will be held in Rwanda, a first in Africa, the Rwandan cycling federation announced Thursday. The International Cycling Union (UCI) congress, which is being held Friday in Leuven (Belgium), must ratify the decision before it becomes official, the international federation said. Two bids, Rwanda (Kigali) and Morocco (Tangier), were […]

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Nigeria plans to launch a digital version of its currency: the eNaira

Nigeria, which has partnered with a foreign fintech company, will be a pioneer in Africa, as will its West African neighbor, Ghana, which has been testing its e-Cedi as a new medium of exchange since September. Central banks around the world are exploring ways to create digital versions of their currencies in response to the […]

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Sudan: Coup attempt thwarted, PM says

Sudan’s Prime Minister Abdalla Hamdok said on Tuesday that a coup attempt, organized by elements inside and outside the military establishment, has been thwarted, leading to the first arrests of those involved in such a plot. The failed attempt was preceded by attempts to sow insecurity, especially in the east of Sudan, but had failed […]

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USA wants to use assets confiscated from Obiang’s son to provide covid vaccines to Equato-Guineans

The U.S. government announced Monday that money from the liquidation of allegedly ill-gotten gains confiscated from Equatorial Guinea’s vice president, Teodoro Nguema Obiang Mangue, will be used to buy medicine and coronavirus vaccines for the people of Equatorial Guinea. Mr. Obiang Mangue, 53, is the son of President Teodoro Obiang Nguema Mbasogo, who has been […]

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New series of explosions in Bujumbura kill three, injure dozens

At least three people were killed and dozens wounded Monday night in a series of explosions in Burundi’s economic capital, Bujumbura, the latest in a string of attacks in the country, police and media said. The explosions come a day after a deadly grenade explosion in a bar in the Burundian capital, Gitega, and mortar […]

Africa Business Headlines International Morocco

Morocco’s OCP group to develop fertilizer plant in Ethiopia

Morocco’s OCP Group and the Ethiopian government have signed an agreement to develop a fertilizer plant in gas-rich Dire Dawa in northern Ethiopia, for a total investment of up to $3.7 billion dollars, as announced by the Ethiopian Ministry of Finance. A visiting Ethiopian delegation led by the country’s Minister of Finance, Ato Ahmed Shide, […]

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Mali: Amnesty bills for coup plotters

The Malian National Transitional Council (NTC) adopted two amnesty bills, benefiting the junta, for the coups that led to the overthrow of President Ibrahim Boubacar Keita in August 2020 and the ouster of transitional president Bah Ndaw in May 2021. “No legal action can be taken against the perpetrators. We cannot prosecute officials for offenses […]