Africa Asia Business Headlines International

First China-Africa Economic, Trade Expo closes with $20.8-billion deals

About $20.8 billion deals were signed between African countries and China during the first China-Africa Economic and Trade Expo (CAETE), held the central Chinese city of Changsha, Hunan Province, June 27 through 29. The $20.8-billion worth of deals covered a wide range of areas, including trade, investment, infrastructure, agriculture, manufacturing, aviation, tourism and sister-city relations, […]

Africa Headlines International

Senegal: nearly 800kg of cocaine seized at Dakar port

Senegalese custom forces discovered Sunday 789 kilograms of cocaine in brand new cars shipped from Brazil following similar seizure late last month.   The 789kg were dissimulated in 15 brand new cars put in a consignment. The shipment came from Brazil, authorities told media. Fifteen people, all of them Senegalese, have been arrested in connection […]

Americas Headlines International Maghreb Morocco

Morocco to upgrade its F16 fleet for $250 million

The US has approved the upgrade of Morocco’s F16 fleet with defense equipment components for $250 million to ensure the continuation of sustainment of its fighter jets. The deal also covers personnel training and training equipment, and publications and technical documentation will also be provided. Following the approval, the Defense Security Cooperation Agency (DSCA) notified […]

Europe Headlines International Maghreb Morocco

UK & Morocco to Enhance Defense Cooperation

Morocco and United Kingdom are willing to further deepen their cooperation, particularly in the field of defense industry, which “could be integrated in a mutually beneficial way through sustainable investment and industrial development partnerships”.   The two countries’ shared willingness to step up cooperation in this field was voiced on Monday in Rabat by minister […]

Africa Energy International

Africa: AfDB disburses $500 million for renewable energy

The African Development Bank (AfDB) has approved a loan of $500 million for Africa’s electrification through renewable energy. The Energy Inclusion Facility (EIF) will distribute the loan among major project promoters and off-grid suppliers across the continent. According to the pan-African financial institution, $100 million will go to off-grid providers to enable them expand their […]

Africa Finance Headlines International

West Africa bloc adopts ‘ECO’ as name for new currency

Heads of State of the 15-member West African Community of African States (ECOWAS) have adopted a flexible currency regime after making considerable progress on plans for a single currency in the region.   In a meeting held Saturday in the Nigerian capital Abuja, the bloc said it had made considerable progress on the single currency […]

Asia Headlines International Libya

Turkey vows to hit hard in Libya after Haftar forces arrested six Turks

Turkey warned that forces loyal to renegade Genera Khalifa Haftar will become a “legitimate target’ if they do not immediately release six turks. “We expect our citizens to be immediately released,” the Turkish Foreign Ministry said in a statement. Shortly after Turkey’s warning, the LNA said it targeted an armed Turkish drone at a Tripoli […]

Africa Americas Business Headlines International Morocco

African airlines compete to dominate Africa-Americas transatlantic skies

A fierce competition takes place in African skies to dominate flights to the Americas pitting Royal Air Maroc against unrelenting competitors such as the Ethiopian airlines, South African Airlines, Kenyan airways and Egypt air. Every month a new connections is announced by African airlines linking the continent to the US, Canada or Latin America, air […]

Africa Business Headlines International Morocco

Maroc Telecom completes acquisition of Tigo Tchad

Maroc Telecom has announced that the acquisition of Tigo Tchad, Chad’s largest network operator, has been completed.   Following the agreement signed on March 14, 2019, Maroc Telecom has completed the acquisition from Millicom of the entire share capital of its subsidiary Tigo Tchad, Maroc Telecom said in a press release.   Tigo Tchad is […]

Africa Headlines International Morocco

Morocco reiterates support for Mali’s territorial

Morocco remains attached to Mali’s national unity, territorial sovereignty and stability, Nasser Bourita foreign minister said. Morocco supports the actions undertaken to guarantee security to the Malian people as well as development projects in the country and in the wider Sahel, Bourita told the press after talks with his Malian peer Tiébilé Dramé in Rabat […]