Business Finance

“Very difficult” 18 months ahead for African banks — Fitch 2022-23 Outlook

The next 12-18 months will be “very difficult” for African banks as widespread inflation, currency devaluations and interest-rate hikes sweep the region, a senior director of credit ratings agency Fitch said on Wednesday (21 September). African economies have struggled over the last year in the face of external forces including lingering effects from the COVID-19 […]

Business Emerging Markets Headlines

Amid escalating food crisis, African agriculture is set for fertilizer boom

With an estimated 346 million people across Africa being negatively impacted by a severe food crisis, according to the Food and Agriculture Organization (FAO), a fertilizer boom is breaking out on the continent, even as environmental and green farming activists call for caution. Africa has barely used fertilizers, as only 6% of the continent’s cultivated […]

Africa International

US says it killed scores of al-Shabab fighters in central Somalia air strike

The United States military said on Wednesday (21 September) it had killed 27 fighters from the al-Shabab militant group in an air strike in Somalia’s central Hiran region, where the army and allied forces have launched an offensive against the insurgents in the last month. According to the US Africa Command (AFRICOM) statement, US forces […]

Business Headlines Morocco

Morocco’s green norm wins IFOAM-Organics International (OI) recognition

Bio-Maroc certificate, Morocco’s green norm , is now an international norm after the certificate received the recognition of IFOAM-Organics International (OI), an international organic farming association. The recognition was awarded during Biofach-2022 held in the German city of Nuremberg in July (26-29). “This certificate of acceptance is awarded following a comprehensive evaluation of the Moroccan […]

Africa International

DRC: Senior military commander arrested for spying for foreign country

Philémon Yav, a General in the Democratic Republic of Congo’s armed forces, was arrested and detained on charges of connivance with a foreign country that authorities have refused to name amid tensions with neighboring Rwanda. Also dubbed “Le tigre katangais [the tiger of Katanga]”, Yav was summoned and immediately put in detention at the country’s […]

Africa International

Gabon: Former Parliament Speaker charged with multiple crimes

A court in Gabon has found former Speaker of the parliament and opposition figure Guy Nzouba-Ndama guilty of money laundering and espionage for a foreign country after he was arrested with around $2 million upon return from a trip to neighboring Congo Brazzaville, accused of alleged support for the opposition, Gabon Review reports. Arrested Saturday […]

Business Headlines International Morocco

Morocco, China share ambition to promote a ‘triple win’ cooperation in support of Africa

Morocco and China share the ambition to establish a “triple win” South-South cooperation in support of Africa’s all-out development, Moroccan Foreign Minister Nasser Bourita said in New York. Speaking Tuesday at a High-Level Ministerial Meeting of the Group of Friends of the Global Development Initiative (GDI), Bourita stressed that under the leadership and vision of […]

Columns Headlines Morocco Opinions

Morocco holds Algeria responsible for violations of thousands of people held by Polisario militias

Morocco alerted once again to the enduring plight of thousands of Sahraouis held against their will in the Tinfoud camps by the Polisario militias and urged Algeria to allow a head-count of this population. Speaking to the UN General Assembly, Morocco’s Prime Minister Aziz Akhannouch recalled that Algeria has defied UN Security Council resolutions urging […]

Asia Headlines International Morocco

Morocco has closely followed release of Brahim Saadoune, detained by pro-Russian forces

The excellent relations that bind the Saudi royal family to King Mohammed VI enabled the release of Brahim Saadoune, a Moroccan, naturalized Ukrainian in 2020, and whose situation has been followed by Morocco very closely and with discretion. Moroccan Brahim Saadoun, who was captured by pro-Russian separatist Ukrainian forces, while fighting with the Ukrainian forces, […]

Headlines Morocco

UNGA: Morocco reiterates its constant support for Palestinian cause, peace in Libya

Head of Government, Aziz Akhannouch, reaffirmed, Tuesday before the UN General Assembly, Morocco’s constant position in favor of the Palestinian issue, based on the two-state solution, as well as its commitment to continue its efforts to promote a peaceful settlement in Libya. Akhannouch recalled, in his address, the message addressed by King Mohammed VI to […]