Africa Business Headlines International Morocco

Morocco’s OCP Group to dedicate 4 Mln Tons of fertilizers to African Countries

Morocco’s state-owned phosphate OCP group has pledged to dedicate 4 million tons of fertilizers for African farmers in 2023 in a solidarity move with African countries. The announcement was made by OCP Chairman & CEO Mostafa Terrab at the ongoing 2022 IMF-World Bank Annual Meetings held in Washington-DC 10-16. Over 44 million farmers across 35 […]

Europe Finance Headlines International Morocco

Spain to grant €20Mln loan to Moroccan micro-financing fund Jaïda

The Spanish Council of Ministers approved, on Wednesday, an agreement to grant a loan of up to 20 million euros to the Fund for the financing of microfinance organizations in Morocco, Jaïda. The loan, granted through the Spanish Agency for International Development Cooperation (AECID), aims to finance the expansion of the Jaïda Fund portfolio. ”The […]

Egypt Europe Headlines International

Moldova mulls plans to set up embassy in Egypt

Moldova is considering establishing an embassy in Egypt over the coming period as part of efforts to strengthen ties with the Arab country, the Deputy PM and Minister of Foreign Affairs of the European country has revealed. Nico Popescu made the announcement Tuesday as he met with Egypt’s Prime Minister Mustafa Madbouli. The two officials […]

Africa International

Chad PM Padacke resigns to pave way for new “government of national union”

Chad’s Prime Minister Albert Pahimi Padacke resigned on Tuesday (11 October) in order to pave the way for a new government after the Central African country announced the postponement of elections by two years to 2024. His resignation was announced by the presidency on Tuesday. Padacke, a civilian politician, was named prime minister of a […]

Africa International

Burkina Faso students, displaced girls in Cameroon demand their ‘right to education’

Several hundred students demonstrated Tuesday (11 October) in a city in northern Burkina Faso to claim their “right to education,“ while hundreds of displaced girls in Cameroon have protested against the conflicts that have disrupted or halted their education. in Djibo, the main city in northern Burkina Faso, which has been under a jihadi blockade […]

Blogs Community

Uganda is battling Ebola outbreak again, with death toll climbing to 19

The new Ebola outbreak in Uganda has killed 19 people while five medical staff members that contracted the virus have recovered and been discharged from an isolation unit, the Ministry of Health in Kampala said Tuesday (11 October). According to the country’s health minister Jane Ruth Aceng, five affected districts have seen “54 cumulative confirmed […]

Business Finance

Africa is winning cryptocurrency adoption despite 2022 bear market

With many Africans using cryptocurrencies for everyday transactions rather than speculation, cryptocurrency market across Africa grew by over 1200% between 2020 and 2021, and its usage remains high in 2022 despite the ongoing difficult bear market. 2022 has been a very difficult year for digital asset and cryptocurrency markets when the value of many major […]

Europe Headlines International Morocco

Morocco, Luxembourg share resolve to promote partnership & economic cooperation

Morocco and Luxembourg have both expressed resolve to promote their partnership and develop further their economic cooperation. This came during the meetings Prince Guillaume, Hereditary Grand Duke of Luxembourg, held Tuesday in Rabat with several members of the Moroccan cabinet, including Head of the Government Aziz Akhannouch and Economy and Finance Minister Nadia Fettah. During […]

Africa Business Emerging Markets Headlines International

Google’s $1bn Africa investment plan is centered on the ‘spirit of Ubuntu’

Through its $1bn five-year investment plan, US tech giant Google wants to tap into the African concept of “Ubuntu”, which was originally meant to pivot pan Africanism. Proponents of Ubuntu philosophy, such as South African fallen cleric Desmond Tutu, see it as a universal bond of sharing that connects all humanity — in this case […]

Africa Community Headlines International

Ethiopia’s president calls for negotiations to end civil war in Tigray region

Ethiopia’s president Sahle-Work Zewde has reiterated calls for negotiations and other peaceful resolution means to end the country’s nearly two-year civil war. “The government has stated clearly that it will always keep the door open for peace,” Zewde said that while addressing the Ethiopian parliament on October 10. “We continue to urge for negotiations without […]