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 […]

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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 […]

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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 […]

Emerging Markets Europe Finance Headlines International Morocco

EBRD expects Morocco’s growth to reach 3.1 % in 2023

The European Bank for Reconstruction & Development expects Morocco’s economic growth to reach 3.1 % up from the 1.3 % recorded in 2022 when a drought compounded the adverse impact of tighter global financing conditions. According to the Bank’s Regional Economic Prospects report released Wednesday, the forecast does not incorporate the effects of the powerful […]

Africa Europe Headlines International

Benin debunks construction of military base to host French forces leaving Niger

Benin denied Wednesday September 27 a report by a Nigerien media that a military base in the north of the West African country is under construction to house French troops leaving Niger. In a statement, Wilfried Léandre Houngbédji, the spokesperson for the President Patrice Talon’s administration rubbished the information that a military base is being […]