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China’s BRI to continue bringing rails, roads and debt to Africa, though at slower pace — experts

As world leaders gathered in Beijing for China’s Belt and Road Initiative (BRI) forum this week, analysts see China as making a renewed focus of its development drive on poorer countries in the global south, notably in Africa, as the country’s relations with the West become increasingly frosty. China’s financial support for projects in nearly […]

Africa Business Headlines International Morocco

Morocco’s CNDH calls for roadmap to protect human rights in Africa

President of Morocco’s National Human Rights Council (CNDH), Amina Bouayach, called from Accra, Ghana, for developing a “common vision” and “an ambitious roadmap” to protect human rights in the commercial transactions of businesses, corporations and multinationals on the African continent. The CNDH president was addressing the 14th Biennial Conference of Network of African National Human […]

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Africa pivots from Europe and North America to Asia on trade — reports

Over the past two decades, Africa’s trade partnerships have significantly shifted away from Europe, with Asia emerging as the primary trading partner, a recent analysis by Mo Ibrahim Foundation noted, whereby this development is underpinned by high‑growth corridors both between African regions and with regions beyond including Asia and the Middle East, according to a […]

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IMF members increase contributions; Africa gets third seat on board

The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third seat on its executive board at its first meetings on the continent since 1973. The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a […]

Africa Business Emerging Markets Finance Headlines International Morocco

African High-Level Ministerial Meeting calls for an equitable global financial architecture

The High-Level Ministerial Meeting on accelerating the financing of Africa’s emergence, held on Thursday on the sidelines of the WB-IMF Annual Meetings, culminated in the adoption of the “Marrakech Declaration” which calls for a “global financial architecture that is fairer and more conducive to Africa’s development.” In this Declaration, the 48 countries that took part […]

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African govt’s to open aviation markets to address poor intra-African air connectivity

It’s high time to address the ‘embarrassingly low’ level of intra-African air connectivity which is depriving the continent and its people from reaching their full potential, an airline body chief has said. Addressing the recent annual general assembly of the Airlines Association of Southern Africa (AASA) that was held in Luanda in Angola, the airline […]

Africa Emerging Markets Finance Headlines International Morocco

Morocco’s OCP Group teams up with WB to unlock Africa’s potential in global food security

Morocco’s Phosphate Group (OCP) and the World Bank agreed on Wednesday in Marrakesh to strengthen cooperation ties and programs benefitting five million farmers in Benin, Guinea, Mali, and Togo, covering 10 million hectares. The agreement was inked by OCP CEO Mostafa Terrab and WB Vice-Pdt.for Central Africa Ousmane Diagana during the ongoing WB-IMF Annual meetings […]

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African countries divided over Israel-Hamas conflict

African nations have been divided over which side to support in the conflict between Israel and Hamas, but African leaders have still unanimously called on warring parties to halt deadly confrontations that erupted on 7 October when the Palestinian militant group launched a surprise assault. With the African Union (AU) having been divided over the […]

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As G20 member, Africa can help solve world’s critical mineral challenge

Against the backdrop of the African Union (AU) becoming a permanent member of the Group of Twenty (G20), responsible mining in the region, encapsulated in the AU’s African Mining Vision (AMV), should play a central role in fueling a mutually beneficial sustainable development while facilitating the cross-border collaboration between African states that will pave the […]

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Africa’s coups epidemic hampers trade, takes heavy toll on AfCFTA

The recent military coups in Gabon and Niger, and claims of a military takeover attempt in Congo Brazzaville, show that the contagion may continue to spread, not only undermining democratic governance but also threatening to dim the prospect of improved inter-continental trade under the African Continental Free Trade Agreement (AfCFTA). With military officers in Gabon […]