Africa Europe Headlines International

New Mauritius gov’t questions Chagos archipelago deal with UK

The UK government has said it still sticks to the plan to hand over the contested Chagos Islands to Mauritius even after the country’s new leader backed away from the contentious deal, arguing that it did not benefit his country enough. London announced it will transfer the sovereignty over the contested Indian Ocean archipelago, which […]

Africa Emerging Markets Headlines International

Africa’s digital development needs boost from AfCFTA, import duties cuts — World Bank

African countries face higher tariffs and tend to import relatively low-quality digital goods compared to other regions, especially in low-income nations, a recent research by World Bank economists has found. Despite relying heavily on imports, tariffs that African countries impose on imported digital goods are about three times higher than other regions, the research has […]

Africa Emerging Markets Finance Headlines International

ECOWAS renews efforts to launch single currency ECO in 2027

The leaders of the Economic Community of West African States (ECOWAS) have pledged to renew efforts to launch the region’s single currency, the ECO, with the revised date set for 2027. This decision was reaffirmed during the recent 66th Ordinary Session of the ECOWAS Authority of Heads of State and Government in Abuja, where leaders […]

Egypt Emerging Markets Headlines International

Egypt hosts eleventh D8 Summit

Cairo hosted the 11th D8 summit that brought together leaders from developing countries—Egypt, Bangladesh, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey. The summit themed “Investing in Youth and Supporting SMEs: Towards Tomorrow’s Economy” emphasized collaborative efforts to tackle global and regional challenges. The summit focused on the crises in the Middle East, including conflicts, economic […]

Africa Europe Headlines International Morocco

Four French nationals detained in Ouagadougou released thanks to Moroccan King’s mediation

Thanks to a successful mediation by King Mohammed VI, four French officials accused of espionage and detained since December 1, 2023, in Burkina Faso have been freed. French President Emmanuel Macron “spoke over the phone on Wednesday, December 18, with King Mohammed VI to warmly thank him” for the success of his mediation, said the […]

Africa Algeria Columns Community Headlines International Maghreb

Polisario designation terror organization & expulsion from AU, “just a matter of time”

Several UN experts are convinced that it is just a matter of time before the designation of the Algeria-backed Polisario separatist group a terrorist organization, resulting in its expulsion from the African Union. The Polisario militias are armed, funded, and sheltered by the Algerian junta in Tindouf camps. This terrorist organization and its anti-semitic leaders […]

Emerging Markets Europe Finance Headlines International Morocco

Morocco’s ONEE, Germany’s KfW seal €50 Mln loan deal to finance drinking water supply program

The German Agency for International Cooperation (GIZ), through KfW, will grant Morocco’s National Office of Electricity and Drinking Water (ONEE) a €50 million loan destined to finance a climate-resilient drinking water supply program. The program is aimed at securing and reinforcing drinking water supply in several towns, including Ghafsai, El Hajeb, Ain Legdah, Bouderbala, Souk […]

Africa Americas Emerging Markets Headlines International Morocco

Future Congress underscores importance of strategic partnership between Africa, Latin America – Final Declaration

The Future Congress, which wrapped up on Wednesday in Rabat, underscored the importance of the strategic partnership between Africa and Latin America for progress and development as part of South-South cooperation. In the final declaration issued at the end of the conclave, hosted by the Moroccan Parliament on December 17-18, in collaboration with the “Future […]

Business Emerging Markets Europe Headlines International Morocco Technology

Sweden’s Trelleborg launches construction works of new aerospace plant in Morocco

Sweden’s Trelleborg, specialized in sealing systems in the aerospace sector, has launched in Nouaceur (outskirts of Casablanca), the construction works of its new industrial plant. The €10.2 million project will eventually create 150 to 200 jobs and boost the capacity of the local aerospace value chain, in line with the Kingdom’s strategy to improve the […]

Africa Headlines International

Africa: 150 million people driven into poverty by high healthcare bills — WHO report

Most African countries continue to rely heavily on out-of-pocket payments to fund their health services, warns a new report by the World Health Organization (WHO) Regional office for Africa, urging governments to reduce the financial strains that high health-care costs place on their population. The report, released on Universal Health Coverage Day, found that over […]