Africa Business Headlines International

Abidjan to host AfDB’s 5th Africa Resilience Forum on October 3-5

Côte d’Ivoire’s economic hub Abidjan will host on October 3-5, the African Development Bank Group’s fifth Africa Resilience Forum, a summit to explore innovative solutions to fill the financing gaps for African countries experiencing conflict and facing increasing insecurity. “The event will also advance discussion on how to mobilize resources at scale at the nexus […]

Africa Asia Emerging Markets Finance Headlines International

UAE flexes its climate finance muscles to contribute to Africa’s green energy transition

As the United Arab Emirates (UAE) prepares to host the COP28 climate summit from 30 November to 12 December, the Gulf state has made a marked presence in Africa’s burgeoning green finance sector, with a group of Emirati investors having unveiled a landmark $4.5 billion pledge to invest in clean energy projects on the continent […]

Americas Culture Headlines International Morocco

Religious tolerance, a ‘hallmark’ of Morocco’s history (US State Department)

Religious tolerance is “a hallmark” of Morocco’s history, the US State Department points out in a new report. “Religious tolerance is a hallmark of Morocco’s history — from its welcoming of refugees fleeing the Iberian Peninsula at the end of the 15th century to late King Mohammed V’s efforts to protect Jews during World War […]

Business Emerging Markets Europe Headlines International Morocco

Spanish Aciturri aeronautics group acquires moroccan GOAM, moves to Casablanca

The Spanish aerospace group Aciturri Aeroengines moved into Casablanca following the acquisition of the Moroccan company GOAM Industrie. “Aciturri Aeroengines has officially acquired GOAM Industrie, a manufacturer of engine components located in Casablanca’s Midpark, specializing in the production of turbine and aircraft engine parts,” stated the Spanish group in a statement posted on the social […]

Africa Headlines International

Burkina Faso’s junta says coup attempt thwarted, plotters arrested or on run

A coup attempt against Burkina Faso’s military government has been thwarted by the country’s security and intelligence services, authorities have announced, with a military prosecutor saying four of the plotters were arrested and two others are on the run. Burkina Faso’s junta leadership said Wednesday (27 September) it had foiled a coup attempt the previous […]

Africa Algeria Columns Community Headlines International

Algerian regime mouthpiece unveils racist face after failed African Cup of Nations Bid

“Sorry Africa, our stadiums are better off without your odors,” this was the reaction of the Algerian regime’s media after their country lost its bid to host the 2025 African Cup of Nations. Echourouk published the racist comment right after the executive body of the African football (CAF) voted for Morocco as a host of […]

Africa Business Emerging Markets Headlines International

AfCFTA to boost remittances by making cross-border transactions cheaper

The African Continental Free Trade Area (AfCFTA) has potential to increase cross-border remittances by migrants, according to a new report by World Bank, even as international markets remain the largest sources. The AfCFTA has the potential to make cross-border transactions such as remittance transfers by migrants within Africa cheaper through the Pan-African Payment and Settlement […]

Africa Headlines International

Kenyan and Ghanian activists among 2023 ‘Alternative Nobel’ prize laureates

Sweden’s Right Livelihood Award, known as the “Alternative Nobel Prize”, has in 2023 honored work of two women activists from Africa to provide safer abortion access in the continent and in the area of environmental protection in Kenya, as well as a humanitarian group that rescues migrants in the Mediterranean Sea. The 2023 laureates “stand […]

Asia Egypt Finance Headlines International

Central banks of Egypt, UAE ink bilateral currency swap Agreement

The Central bank of Egypt (CBE) and that of the United Arab Emirates (CBUAE) signed Thursday September 28 a Bilateral Currency Swap Agreement between the UAE Dirham (AED) and the Egyptian Pound (EGP). CBE Governor Hassan Abdullah and his UAE counterpart Khaled Mohamed Balama penned the deal that allows the exchange of local currencies between […]