Africa International

Sudan: scores of villagers killed by RSF, prompting growing fears of genocide

At least 100 people were killed, and dozens were injured in a village in Sudan’s Gezira province after an attack by the paramilitary Rapid Support Forces (RSF) on Wednesday (5 June), which comes only days after a senior UN official warned that the situation in the conflict-torn country bore “all the marks of risk of […]

Africa Emerging Markets Energy Europe International Mauritania

BP’s floating gas production platform arrives off Mauritania, Senegal

Senegal and Mauritania are forging ahead with their joint gas fields with the arrival of BP’s floating production, storage, and offloading (FPSO) unit in the Grand Tortue Ahmeyim (GTA) Phase 1 LNG project. The vessel, built at China’s COSCO Qidong Shipyard, will serve the Greater Tortue Ahmeyim (GTA) liquefied natural gas project, which is planned […]

Africa Emerging Markets Energy Finance Headlines International

New African Energy Bank set to launch operations in July 2024

Two years after the signing of the founding protocol, the African Energy Bank officially opened its doors on June 4 and slated the operational launch for July. This supranational bank will focus on financing oil and gas projects in Africa, with a view to bridging the financing gap in these sectors and the continent’s energy […]

Africa Emerging Markets Finance Headlines International

Mali’s gold mining revenue down 26% in 2023

Mali’s revenue from gold mining activities fell by 26% due to lower taxes, official figures showed. Mali is the fourth largest gold producer in Africa. The mineral accounted for 80% of its exports and represents some 10% of its GDP. The revenue paid by mining companies to the Treasury fell to 563.8 billion CFA francs […]

Europe Headlines International Morocco

Spanish police arrest ISIS follower in collaboration with Morocco’s DGST

The Spanish National Police announced, on Thursday, the arrest in Teulada (Alicante), of an individual for his alleged membership of the terrorist ISIS group, during an operation carried out jointly with Morocco’s Directorate General of Territorial Surveillance (DGST). “The individual is accused of alleged participation in the crimes of integration of a terrorist organization, recruitment, […]

Asia Business Emerging Markets Energy Headlines International Morocco

Gotion High-Tech to set up industrial ecosystem for electric batteries manufacturing in Kenitra

Morocco and the Chinese-European Gotion High-Tech Group, a leader in the field of electric vehicles, signed, on Thursday in Rabat, a strategic investment agreement worth 12.8 billion dirhams on the setting up of a comprehensive industrial ecosystem for the manufacturing of electric batteries in Kenitra. The investment agreement, signed at a ceremony chaired by Head […]

Africa Algeria Headlines International Morocco

Africa-Football: CAF denies postponement of AFCON-2025, axing Algeria’s raging media campaign

The Confederation of African Football has denied press reports alleging the postponement of the 2025 Africa Cup of Nations to be hosted by Morocco, deflating the smear campaign launched by the Algerian regime which was vying for the tournament. On Wednesday, French sports newspaper L’Equipe quoted CAF’s Secretary General as saying that the 2025 Morocco […]

Emerging Markets Europe Finance Headlines International Morocco

Germany assists Morocco’s earthquake reconstruction program with €100 million loan

Germany has granted Morocco a €100 million loan to assist the Kingdom’s earthquake reconstruction program, alleviate the socio-economic burdens placed on the local population, and assist in managing the aftermath of the disaster that hit Morocco in September last year. The loan agreement was signed in Rabat on Wednesday by Minister in charge of Budget, […]

Emerging Markets Europe Headlines International Morocco

Morocco’s investment potential under spot lights in London

Morocco as an attractive investment destination was under the spotlights during the 10th edition of “The Africa Debate”, held Wednesday in London. The event, named “Morocco Investment Forum,” provided a platform to promote the wide range of opportunities Morocco is offering in different sectors, mainly renewables, telecommunication, and industry. The event focused on Morocco’s strategic […]

Africa Community Headlines International

Africa’s grim ranking: Burkina Faso, Cameroon, DRC world’s most neglected crises

Three African countries — Burkina Faso, Cameroon and the Democratic Republic of Congo (DRC) — top a list of the world’s most neglected crises for the second year in a row, according to a new report released by the Norwegian Refugee Council (NRC). The NRC’s annual report on the world’s most neglected displacement crises says […]