Africa Emerging Markets Finance Headlines International

Currency depreciation triggers millionaires’ flights from Africa

Nearly 20,000 millionaires fled Africa in the past decade due to currency depreciations that eroded their wealth, according to Henley and Partners, a global citizenship and residence consultancy. The number of individuals with a wealth of $1 million in Africa dropped 8% to 135,200, while the number of billionaires was limited to 21 with a […]

Africa Headlines International Morocco

Sahara: Bangui reaffirms steadfast backing to Morocco’s territorial integrity & Autonomy Plan

Foreign minister of Central African Republic, Mrs. Sylvie Baïpo-Temon, has reiterated her country’s unwavering support for Morocco’s territorial integrity, describing the autonomy plan proposed by the Kingdom for the Sahara under its sovereignty as the “ONLY credible and realistic” solution for resolving this regional conflict in line with UN Charter. The top diplomat of the […]

Africa Asia Headlines International

CAR suspends Chinese mining company for ties to rebels

The government of the Central African Republic accused Chinese mining company Daqing SARL of backing rebels and suspended its operations in the country. Daqing is a gold and diamond mining company operating in the Mingala area south of the country where the government is battling the Coalition of Patriots for Change. The CAR government issued […]

Africa Energy Headlines International

Benin, Niger trade accusations as oil row escalates

Benin accused Niger of sending secret agents to spy in its Seme port where a Chinese-built pipeline was supposed to begin exporting Nigerien gas, before it was blocked by Beninese authorities last month. The arrest of five Nigerien nationals marks a new escalatory move in the standoff between the two ECOWAS neighbors. Benin said the […]

Africa Headlines International Morocco

CAR President addresses written message to Morocco’s King, FM reiterates support to Autonomy Plan

President of the Central African Republic Faustin-Archange Touadéra has addressed a written message to King Mohammed VI. The message was handed over by CAR Foreign Minister Sylvie Baïpo-Temon to her Moroccan peer Nasser Bourita at a meeting in Rabat Monday. During a press briefing following the meeting, Baïpo-Temon praised “the excellent cooperation that the Kingdom […]

Africa Community Headlines International

“Unimaginable horrors’: UNHCR calls for more protection of vulnerable migrants in Africa

Conflicts in Sudan and across the Sahel region have compromised protection for migrants who continue to face “unimaginable horrors” on major migration routes to Europe, according to new report from the UN refugee agency (UNHCR). Although the location of the major migration routes is well known, no immediate assistance, shelter or information about the dangers […]

Asia Headlines International

China-Africa summit due in September in Beijing

China began inviting African leaders to attend the China-Africa summit in Beijing this September, against the backdrop of fierce competition by global powers over Africa’s critical minerals. Ugandan foreign ministry was the first to leak details about the summit that will be held on September 3-8. Known by its acronym FOCAC, the summit is held […]

Africa Business Headlines International

African countries pledge to boost intra-continental trade under AfCFTA to 50% by 2030

African countries participating in the Africa Economic Summit 2024 held last week in Abuja pledged to boost intra-continental trade from 14% to at least 50% by 2030 under the African Continental Free Trade Area (AfCFTA). The summit closed with a release of a white paper on coordinated actions that governments and institutions should commit to […]

Africa Asia Business Emerging Markets Headlines International

India stepping up critical mineral acquisition plans with dozen African countries

India is stepping up its critical mineral acquisition plans in Africa, with New Delhi reportedly eying to sign new and updated mineral pacts with about a dozen African countries, in bid to challenge China’s dominant position on the continent. India’s Ministry of Mines has said it was in discussions with Côte d’Ivoire, Democratic Republic of […]

Americas Business Emerging Markets Headlines International Morocco

Morocco’s Flag Carrier to re-open Casablanca-Sao Paulo direct air link on Dec. 7

Morocco’s carrier Royal Air Maroc (RAM) announced that it will re-open the Casablanca- Sao Paulo direct air link starting from December 7, 2024 with three weekly flights. The announcement was made while Brazilian Foreign Affairs Minister Mauro Vieira was visiting Rabat. Flights from Casablanca to Brazilian Sao Paulo will take place on Mondays, Thursdays and […]