Africa Business Emerging Markets Headlines International Morocco

AfDB highlights Africa’s critical minerals potential

Africa is poised to play a leading role in energy transition as it continues to attract prime investors thanks to its large deposits of critical minerals, African Development Bank chief Akinwumi Adesina said. Speaking at the opening of the African Investment Forum in Rabat, Adesina said Africa holds 95% of chromium, 90% of Platinum Group […]

Africa Headlines International

African displacement triples to 35m people in just 15 years, fueled by war, climate disasters — report

The number of internally displaced people across the African continent has tripled to 35 million since 2009, driven by wars and climate change, says a new report from the Internal Displacement Monitoring Center (IDMC). While flooding and drought are posing a growing threat, almost 93% of those displaced, or 32.5 million, abandoned their homes due […]

Africa Headlines International

Africa’s ‘conflict corridor’ from Mali to Somalia doubles in size in three years, new report warns

Conflicts in Ukraine, in the Middle East, but particularly across Africa, have expanded the conflict-affected areas across the world by 65% since 2021 to encompass 4.6% of the entire global landmass, up from 2.8% three years ago, according to the latest Conflict Intensity Index (CII), published by risk analysts Verisk Maplecroft. Myanmar, flashpoints in the […]

Africa Emerging Markets Energy Headlines International

Rush for lithium in Africa reveals dark side of green energy, as it fails citizens, fuels corruption

As China has come to dominate global supply chains for critical raw materials (CRM) over the last two decades, the European Union and the United States have played a catch-up in race for the control of the CRM supplies — with African countries being “caught in the cross-fire”. Faced with China’s lithium mining head-start, the […]

Africa Headlines International

Wars caused 14,300 schools in 24 African countries to shut down- study

Armed conflicts are leaving millions of African children without education as 14,300 schools had to close by June this year due to wars, The Norwegian Refugee Council said. The Shael countries of Burkina Faso, Nigeria, Niger and Chad were among the worst hit along with the DRC and Cameroon. School closure impacted at least 2.8 […]

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Russia on charm offensive in Africa

Russia is holding a conference with African officials in Sochi to strengthen its foothold in a resource-rich continent where global powers vie for influence. Speaking at the event, Putin promised to help African countries with sustainable development and in combating terrorism. The conference is another chance for Russia to downplay the impact of Western sanctions […]

Features Headlines Morocco

Morocco Elected Vice-President of Interpol for Africa

Morocco was elected by a large majority to the vice-presidency of Interpol for Africa for a three-year term during the organization’s executive committee elections. This election attests to Morocco’s efforts to maintain security and stability at regional and international levels and its pioneering role in promoting South-South security cooperation, the Moroccan General Directorate of National […]

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What US elections could mean for Africa’s trade and investment

The upcoming high-stakes presidential election in the United States will be consequential to every region of the world, not least Africa, as its result will determine the nature of future interactions between this leading global power and African countries, according to experts and observers. While Democratic Vice President Kamala Harris and Republican former President Donald […]

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Bridging the gap: multibillion-dollar FASA fund to finance agri-SMEs in Africa

Norway, South Korea, the United Kingdom, and the United States have officially launched a multi-donor “fund of funds”, known as FASA, whose aim is to address the financing challenges faced by agricultural small and medium-sized enterprises (agri-SMEs) across Africa. Over the next 10 years, the “Financing for Agricultural Small and Medium Enterprises in Africa” Fund, […]

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UN report reveals widespread job losses across Africa, deepening unemployment crisis

A new United Nations report has unveiled a troubling trend in global unemployment, with African nations bearing a disproportionate burden of job losses between 2018 and 2023. Eight African countries rank among the world’s 22 nations experiencing the most severe unemployment increases, according to the World Social Report 2024. The findings, released by the UN […]