Africa Emerging Markets Finance Headlines International

Africa boosted fiscal revenues in 2023 through improved tax transparency — report

Seven African countries collected $2.4 billion of additional revenue through tax transparency, exchange of information and related measures in 2023 than over the 13 preceding years combined, a new progress report for the so-called Africa Initiative has found. Launched at a recent 15th Meeting of the Africa Initiative in Lomé, Togo, the Tax Transparency in […]

Africa Business Emerging Markets Headlines International

Central African leaders fail to agree on merging three regional economic blocs

A high-level meeting in Cameroon’s capital Yaounde has failed to reach a consensus on merging three central African economic blocs, the official reason being that the process would take longer than the leaders had expected. Analysts have long argued that breaking down economic barriers among member countries of the Central African Economic and Monetary Community […]

Africa Headlines International

Somalia asks Ethiopian troops to leave before December 2024

Somali authorities said Ethiopian troops, stationed in the country as part of an African Union peacekeeping mission, should leave the country before December 2024. The decision came as the mission’s mandate expires in a context of worsening ties between Mogadishu and Addis Ababa. Ethiopian forces will not be part of an African Union force that […]

Americas Emerging Markets Headlines International Morocco

Brazil hails Morocco’s model leadership in Africa, Kingdom’s modernization

Brazil, represented by its Foreign Minister, Mauro Vieira, applauded the openness and modernization underway in Morocco, under the leadership of King Mohammed VI, labeling it as a “credible and influential partner on the international stage.” Vieira, on his first official visit to Morocco, expressed this position in a Joint Communiqué adopted at the end of […]

Asia Headlines International Morocco

Morocco vigorously condemns Israeli incursions into Al-Aqsa Mosque which ‘undermine appeasement efforts in Gaza’

Morocco vigorously condemns the Israeli incursions into the Al-Aqsa Mosque, Minister of Foreign Affairs, Nasser Bourita, said on Friday in Rabat, stressing that these provocations exacerbate tensions and “undermine the appeasement efforts in Gaza” and all the efforts deployed for a ceasefire, the protection of civilians, and the delivery of humanitarian aid to the Gaza […]

Asia Emerging Markets Headlines International Morocco

Morocco’s RAM mulls reopening Casablanca-Beijing direct flights

Morocco’s flag carrier RAM is considering reopening direct flights between Casablanca and Beijing, after a four-year pause that started with the outbreak of Covid 19, a RAM source said. With the expected increase in its fleet, RAM would relaunch direct Morocco-China flights in early 2025, a RAM source told Hespress. RAM used to operate three […]

Americas Headlines International Maghreb Morocco

Brazil supports Morocco’s serious & credible efforts to resolve Sahara issue within framework of autonomy initiative

The government of Brazil has praised Morocco’s serious and credible efforts engaged for the settlement of the Sahara issue within the framework of the autonomy plan presented by Rabat in 2007. This supportive stand comes in a joint statement released in Rabat following the talks held Friday between Brazil’s foreign minister Mauro Vieira and Moroccan […]

Asia Business Columns Emerging Markets Headlines International Morocco

Gotion High Tech gigafactory in Kenitra to start exports in 2026 – minister

The $1.3 billion gigafactory to be built by EV battery maker Gotion High Tech will start production in 2026 and will export 85% of its output, Moroccan minister in charge of investment Mohcine Jazouli said. The Moroccan government and Sino-European Gotion High Tech signed an investment deal for the plant which will be located in […]

Africa Americas Asia Emerging Markets Headlines International

Kenya committed to balanced foreign policy amid US-China rivalry — president Ruto

Kenya’s president has reaffirmed his country’s commitment to a balanced foreign policy as the global power rivalry between the United States and China heats up and African nations are “bullied into taking sides.” “We’re neither facing East nor facing West; we’re facing forward,” Kenya’s President William Ruto said during an interview with Al Jazeera, to […]

Asia Columns Headlines International Tunisia

Isolated Tunisia tilts closer to Iran’s orbit

Tunisia’s president seems to be courting Iran, in a shift that risks further isolating the cash-strapped country. Once an advocate of the two-state solution to the Palestinian-Israeli conflict, Tunisia under president Kais Saeid has made a U-turn surfing on the anti-Jewish rhetoric of its mentor Algeria and following a foreign policy current that threw it […]