Business Europe Headlines International Morocco

Morocco to import 5 mln tons of soft wheat in 2022-2023- Intecereales says

French soft wheat exporters (intercereales) said Morocco could import up to 5 million tons this 2022-2023 season. France has already exported 1 million tons of soft wheat to Morocco during the summer, the French cereals lobby group said in a statement. With the crisis in Ukraine, Morocco has bought more wheat from France becoming its […]

Africa International

Equatorial Guinea abolishes death penalty

Equatorial Guinea abolished the death penalty under a law promulgated by President Teodoro Obiang Nguema Mbasogo. “The death penalty is totally abolished in the Republic of Equatorial Guinea,” said the law of the new Equatorial Guinean penal code, signed by the head of state, and whose vice president has posted excerpts on Twitter. The event […]

Headlines Morocco

UN: Morocco’s experience in energy transition highlighted at World Economic Forum

The experience of Morocco in the field of energy transition was highlighted at a meeting of the World Economic Forum held in New York, on the sidelines of the 77th session of the United Nations General Assembly. Taking the floor during the meeting, Junior Minister in charge of Investment, Mohcine Jazouli, made a presentation on […]

Business Finance

The African currency rollercoaster ride: struggling against super-strong US dollar

As the global economy sinks into another period of crisis, African currencies are depreciating against the US dollar and rising import costs are adding to inflationary pressures. With around half of all international trade invoiced in dollars, a stronger greenback hurts consumers across the world — including in Africa — that use dollars to pay […]

Headlines Maghreb Morocco

UN/Sahara: Rabat reaffirms commitment to finding political solution based on Autonomy Plan

Morocco has reiterated at the UN General Assembly its firm commitment to finding a lasting political solution to the Sahara regional conflict on the basis of autonomy, under its sovereignty. In his address Tuesday at the 77th UNGA meeting of world leaders, Head of Govt. Aziz Akhannouch said the autonomy offered by the Kingdom within […]

Business Emerging Markets Headlines

Africa’s richest nations, including Morocco, control 66% of continent’s total wealth

Only three African nations control about 56% of the continent’s total wealth, according to the 2022 Africa Wealth Report published by UK investment consultancy firm Henley & Partners in partnership with South African wealth intelligence firm New World Wealth. South Africa, Egypt, Nigeria, Morocco, and Kenya are Africa’s wealthiest countries. The first three countries possess […]

Energy

Namibia’s dilemma: green energy champion or oil-producing nation

Namibia’s first ‘green hydrogen’ power plant — and also first one being built in Africa — which is expected to begin producing electricity in 2024, presents the southern African country with a dilemma: while Namibia is championing the clean energy, it also announced earlier this month that huge oil deposits had been discovered off its […]

Africa International

Eritrea slammed for meddling in Ethiopia’s internal affairs, thus escalating Tigray conflict

Eritrean troops have been accused of launching a “full-scale offensive” supported by Ethiopian forces, raising international concerns that the reignited war in Ethiopia’s Tigray region could quickly escalate. Eritrean and Ethiopian officials have yet to comment on the reports that Eritrea is mass-mobilizing its reserve troops and that Ethiopia has been behind a series of […]

Africa Algeria Headlines International

Algeria expels over 650 migrants to Northern Niger

More than 650 migrants from a dozen African countries have arrived in northern Niger after being expelled by Algeria, local authorities said Tuesday. Some 669 returnees from Algeria, including two Nigeriens, and 667 West and Central African nationals arrived on foot on September 17 in Assamaka, the Nigerien town closest to the Algerian border, after […]

Business Headlines Mauritania Morocco

Morocco-Mauritania: Businessmen Pushing for Stronger Economic Partnership

About one hundred Mauritanian companies took part Tuesday in Casablanca in the 2nd Moroccan-Mauritanian economic forum, a platform seeking to enhance dialogue and contacts between the business communities of the two countries. Organized by the General Confederation of Moroccan Enterprises (CGEM) and the National Union of Mauritanian Employers (UNPM), the forum was an opportunity for […]