Africa Asia Business Community International

East Africa’s Commercial and Logistics Center to offer trade, investment opportunities

East Africa Commercial and Logistics Center is expected to open in Tanzania’s capital city, Dar es Salaam, in June 2024, providing trade and investment opportunities for the public. Speaking at the 47th International Trade Fair that was recently held in Tanzania, Executive Director at Taikang Asset Management, Cathy Wang, said that to facilitate and add […]

Africa Asia Business Emerging Markets Headlines International Morocco

Emirati Invictus planning to invest heavily in Africa, Morocco on top of list

Emirati Invictus Investment Company has announced plans to invest over $272 million on its expansion into North and East Africa with a focus on Morocco thanks to its political stability, geostrategic position, incentives to investors and competitive economy. In a press release issued Monday, the Dubai-based company said the expansion will be made through acquisitions […]

Africa Asia Business Emerging Markets Headlines International

South Korea launches ‘K-rice belt’ covering eight countries in Africa

Korea has launched on Monday a K-Rice project aiming to provide small farmers in Africa with resilient rice varieties that can withstand adverse climate conditions, ensuring improved yields and food security. By establishing the so-called “K-Rice Belt” across eight countries in Africa, the Korean government aims to advance current official development assistance (ODA) programs to […]

Asia Europe Headlines International Morocco

Sahara: Iran’s military support to Polisario rings alarm bell at UK Parliament

The Sahara conflict and the serious regional threat posed by the Iranian military support to the Algeria-backed Polisario armed militia have triggered the alarm bell at the UK parliament. During a debate held lately at the House of Commons on Iranian hostile activities threatening UK partners and allies, conservative MP James Duddridge (Rochford & Southend […]

Africa Asia Finance Headlines International

India ups lending to Africa in bid to counter China’s dominance

Africa has become the second-largest recipient of credit from India while over the past decade 18 of the 25 new Indian embassies or consulates were opened in the continent, as the South Asian powerhouse tries to catch up with China’s massive sway in the resource-rich continent. Many African nations received about $12 billion or 38% […]

Africa Asia International

Shared status: Somaliland, Taiwan expand ties despite diplomatic isolation

Two unlikely territories and the world’s most diplomatically elected governments — Taiwan and Somaliland — are deepening economic and political ties, but all too often, Taipei looks the other way as its formal partners commit human rights abuses, notes a recent analysis published by The Diplomat. Two of the world’s most diplomatically isolated governments are […]

Africa Asia Business Emerging Markets Features Headlines International

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 […]

Asia Headlines International Morocco

Morocco condemns Israel’s deadly attack in West Bank’s Jenin

Morocco has condemned the deadly Israeli air raids launched against the Palestinian Jenin refugee camp, voicing solidarity with the Palestinian people. Speaking at a joint press conference Tuesday in Rabat with Omani foreign minister Badr Bin Hamad Bin Hamoud Al-Busaidi, Morocco’s top diplomat Nasser Bourita said Rabat reiterates its condemnation and rejection of the Israeli […]

Asia Business Emerging Markets Headlines International Morocco

Sahara: Oman reaffirms steadfast standing with Morocco’s territorial integrity and Autonomy Plan

Oman has renewed its unwavering backing to Morocco’s territorial integrity and to the “serious & realistic” autonomy plan offered by the North African Kingdom for the Sahara under its sovereignty. In a joint statement issued Tuesday at the end of the 6th meeting of the Moroccan-Omani Commission, co-chaired by the two countries’ foreign ministers, Nasser […]

Asia Headlines International Morocco

Why Iran is not serious about normalizing ties with Morocco

Few days after Iran said it looks forward to normalizing ties with Morocco and Egypt, the regime of the Moullah has once again shown its hostility to Morocco by supporting the thesis of the Polisario and its Algerian mentors at the UN’s fourth committee. Foreign minister Hossein Amirabdollahian told Iranian ambassadors to Muslim countries on […]