Africa Algeria Columns Headlines International Morocco

Africa-Football: And USM Alger did not play the match! Morocco’s Berkane Club cruises to CAF Cup Final

Upon the orders of the ruling Algerian junta, USM Alger did not play on Sunday the 2nd leg of their African Confederation Cup semi-final in Berkane against Moroccan team Renaissance Sportive de Berkane (RSB) which thus qualified for the final after winning by forfeit two games over the Algerian club. In the final of African […]

Africa Emerging Markets Headlines International

Africa’s $824bn debt burden, opaque resource-backed loans, hamper continent’s economic potential — AfDB

African Development Bank (AfDB) has asked policymakers to put in place an orderly and predictable way of dealing with Africa’s ballooning, unsustainable external debt pile that reached $824 billion in 2021. Africa’s $824 billion debt burden, the servicing of which requires countries to dedicate 65% of their GDP, and opaque, non-transparent resource-backed loans hamper the […]

Africa Algeria Columns Headlines International Morocco

Africa-Football: To Play or Not to Play, that’s USM Alger’s Dilemma

Algerian club “USM Alger” are facing a serious dilemma. They are torn between refusing to play the 2nd leg of their African Confederation Cup semifinal match in Berkane against local Moroccan club, Renaissance Sportive de Berkane (RSB), and risk heavy sanctions or play against RSB with their jerseys displaying a small map of Morocco, including […]

Africa Energy Headlines International

Africa needs to invest $9.3bn to expand oil infrastructure — report

With Africa’s aging mid- and downstream oil products supply infrastructure, the countries on the continent must invest a combined $9.3 billion to expand fuel-transportation infrastructure to avoid supply disruptions as demand grows, according to a new report by energy company Puma Energy and Africa energy consultancy CITAC. The rapidly growing populations and urbanization trends, which […]

Africa Headlines International

African counter-terrorism summit: leaders call for more cooperation to address security challenges

African leaders have called for more regional cooperation in fighting terrorism at a high-level summit in Abuja, with Nigeria’s president accusing the global community of being responsible for the disturbing rise in illegal mining, illicit funds flow and terrorism funding in the continent. The High-Level African Counter-Terrorism Conference, with the theme ‘Building to Address the […]

Africa Americas Business Emerging Markets Headlines International

US relies on rail project to counter China’s growing control over African mines

The US is planning to counter China’s strategy regarding rare metals in Africa through investing in a rail project connecting copper and cobalt mines in central Africa to Lobito port in Angola. The new route, which could potentially extend to Zambia, offers an alternative route to export rare metals to the Chinese controlled outlets. It […]

Africa Business Emerging Markets Headlines International Morocco

FAO warns of rising hunger levels in Africa, despite farm potential

Hunger levels in Africa are following a worrying trajectory despite the continent’s potential in terms of arable land and abundant resources, FAO chief QU Dongyu said. The lingering impact of the Covid 19 pandemic, raging conflicts, the adverse effects of climate change and economic shocks have worsened hunger prospects in Africa, Dongyu told the 33rd […]

Europe Headlines International

Global Gateway: EU holds its rank as top provider of ‘aid for trade’ in Africa and globally

The European Union remains the world’s biggest contributor of ‘Aid for Trade’, committing over €18 billion in 2021, with Africa being the largest recipient of EU Collective Aid for Trade, followed by Asia and Europe, according to the latest EU Aid for Trade Progress Report. This amount represents 47% of all Aid for Trade originating […]

Africa Asia Headlines International Mauritania

Africa, Middle East crises high on agenda at G7 foreign ministers meeting in Italy

As foreign ministers of the Group of Seven (G7) major democracies have gathered on the Italian island of Capri, Middle Eastern and African issues are also high on the agenda during the three days of talks. The continuing escalation of tensions in the Middle East — between Israel and Iran, the war in Gaza, and […]

Africa Business Columns Emerging Markets Features Headlines International

Wood Processing, catalyst for Africa’s industrialization – report

More investments in the wood processing industries would be conducive to African industrialization and integration, said the African natural Resources Management and Investment Center. In a report, the center highlighted the transformative potential of wood processing across the continent in terms of boosting growth and offering jobs as well as promoting integrated markets. Wood processing […]