Business Emerging Markets Energy Europe Headlines International Morocco

Xlinks: TotalEnergies Invests £20 Mln in Morocco-UK Power Project

The Xlinks Morocco-UK power project is gaining momentum as French oil giant TotalEnergies has injected £20 million in the ambitious green project, joining fellow investors Octopus Energy and Abu Dhabi National Energy Company (TAQA). The French supermajor has decided to back the Morocco-UK project after withdrawing from Algeria due to endless hurdles to investors and […]

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Riyadh wins bid to host 2030 World Expo

Saudi Arabia’s Riyadh was chosen to host the 2030 World Expo, the Bureau International des Expositions (BIE) announced on Tuesday. Riyadh needed only one round of voting and secured the necessary two-thirds majority of member States at the general assembly of Paris-based BIE. Riyadh won 119 votes, South Korea’s Busan 29, and Italian capital Rome […]

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Morocco: EBRD and EU Support Women-led businesses with €20 Mln Funding

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have partnered with Moroccan bank for Commerce & Industry (BMCI) to support women-led micro, small and medium-sized enterprises (MSMEs). EBRD will provide up to €20 million unsecured loan to BMCI for women entrepreneurs digitalization and MSMEs located in the regions affected by […]

Africa International

Madagascar: Two top Army commanders arrested for plotting coup

Two colonels of the Malagasy Army have been detained in prison pending their trial for allegedly plotting a coup and military mutiny in view of botching November 16 elections won by incumbent leader Andry Rajoelina. The two high ranking officers whose identities have not been revealed are detained at the central prison of Tsiafahy after […]

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Moroccan-Austrian security cooperation reviewed in Vienna

Security cooperation between Morocco and Austria was reviewed at a meeting held in Vienna this Tuesday between Director General of Morocco’s National Security and Territorial Surveillance, Abdellatif Hammouchi, and Austria’s Director of the State Protection and Intelligence Directorate, Omar Haijawi Pirchner. The meeting took place on the sidelines of Hammouchi’s participation in the 91st session […]

Africa Headlines International

Three Sahel military govts meet to strengthen AES alliance, seen as tool for legitimacy

Military juntas from Burkina Faso, Mali and Niger have recently met to strengthen the newly formed Alliance of Sahel States (AES), pledging security and political collaborations, which some analysts describe as an attempt to legitimize their grip on power. In his first foreign trip since the July coup that brought him into power, Niger’s junta […]

Africa Headlines International Morocco

Morocco calls for strengthening working methods of PSC; strict compliance with procedures

Morocco called for strengthening the working methods of the African Union’s Peace and Security Council (PSC), to enable this body to fulfill its mandate to promote peace, security and stability in Africa. During the 15th annual retreat of the AU/PSC, which wrapped up Monday in Tunis, the Moroccan delegation, led by Morocco’s Permanent Representative to […]

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Tanzania doubles its FDI inflows to over $1bn in 3Q, reflecting investor confidence

Tanzania’s Foreign Direct Investment (FDI) figures went up almost twofold year-on-year to $1.05 billion between July and September against $524.4 million in the same period last year, a positive development that is widely attributed to growing investor confidence in the East African country. Released by the state-run Tanzania Investment Centre (TIC) in its quarterly bulletin […]

Africa Headlines International

Wagner Group reportedly makes $10m a month from terror in Mali as Kremlin plunders African gold — experts

Mercenaries from the Wagner Group are reportedly making $10 million per month through their involvement in the ongoing conflict in Mali as it exchanges African gold to help fund Vladimir Putin’s war machine, experts have said. US intelligence experts believe the Russian-backed private military company, led by Yevgeny Prigozhin until his violent death in August, […]

Africa Headlines International

Sierra Leone: tenuous calm restored after armed clashes in capital Freetown

A tenuous calm has been restored in Sierra Leone’s capital Freetown after a day of armed clashes, the country’s President Julius Maada Bio announced on Sunday (26 November), which he portrayed as an attempt to destabilize the state. The Sierra Leone’s government has said it is again in full control following an armed attack on […]