Africa Business Community Headlines International Morocco

Morocco makes Africa’s first kits for breast cancer and leukaemia diagnosis- The Guardian

The Moroccan Association for Advanced Sciences, Innovation and Research (MASCIR) will soon put on the market the first African-manufactured kits to diagnose breast cancer and leukaemia, a move that will cut costs and waiting times for patients in Morocco and the wider African continents, wrote the UK newspaper the Guardian. “The price of the kit […]

Africa Business Finance Headlines International

Rough start to 2023: inflation persists in DRC, Senegal, S.Africa despite measures

Inflation constitutes one of the major economic problems all across Africa, with the food prices in the Democratic Republic of Congo (DRC) and South Africa continuing to rise significantly and with the Senegalese government announcing a rise in fuel and electricity prices starting from Saturday January 7. In its latest update on food inflation, the […]

Africa Business Emerging Markets Headlines International

Africa’s 2023 economic outlook: Global headwinds to continue battering the continent

In 2023, some of Africa’s major economies are expected to suffer from the ongoing impacts of the Russia-Ukraine war, runaway food price inflation and the tailwinds of the Covid-19 pandemic that caused enormous economic disruption, but experts say that although these negative factors are likely to spill over into this new year, Kenya and Senegal […]

Africa Columns Community Headlines International Opinions

African politics: the promise and peril of key elections in 2023

African politics: the promise and peril of key elections in 2023 African politics and democracy will likely see a busy 2023 year, as many of its countries, notably Nigeria, Sierra Leone, Zimbabwe, Liberia, Gabon and Democratic Republic of Congo (DRC), will hold high-stakes elections. The February general election in Nigeria has raised a great deal […]

Africa Business Headlines International

Industries boom: AfDB report finds small African economies industrialize fastest

Morocco, Egypt, South Africa, Mauritius, and Tunisia are Africa’s most industrialized economies but it is the other countries, which have improved the most over the past 10 years, that have made the greatest efforts to move away from economic dependence on extractives toward value-adding sectors. The countries that showed the greatest progress over the past […]

Africa Algeria Editorials Headlines International Morocco Opinions

Morocco conditions direct flight to participate in U23 cup of nations in Algeria

Morocco’s Royal Football Federation (FRMF) told the Confederation of African Football that the national team could boycott the Africa U23 Cup of Nations if the national team is not allowed to have a direct flight to Algeria. Algeria has closed its airspace to all Moroccan flights adding to borders which it has kept closed since […]

Africa Europe International

Dutch king welcomes govt’s apology for Netherlands’ role in slave trade from Africa

Dutch King Willem-Alexander welcomed the government’s apology for the Netherlands’ role in 250 years of slavery in his Christmas address on Sunday (25 December), saying it was the “start of a long journey.” The official apology was made Monday Dec. 19 by Dutch Prime Minister Mark Rutte who responded to recommendations from a panel of […]

Africa Business Headlines International

Despite its mineral wealth, Africa accounts for only 2.4% of global GDP — ECOWAS

Africa accounts for only 2.4% of global Gross Domestic Products (GDP), although the continent has approximately 30% of the earth’s remaining mineral resources, Economic Community of West African States (ECOWAS) revealed last week. Despite Africa’s disproportionately low share of the global GDP, the continent has the largest reserves of precious metals with over 40% of […]

Africa Finance Headlines International

West, China must ‘urgently’ cooperate to avert Africa’s debt distress

The West and China should seek deeper cooperation over Africa’s debt conundrum in 2023, without which many countries on the continent will face debt distress and defaults, a new research paper by Chatham House warns. The report warns that although China’s lending to Africa did not cause the current African debt distress in most cases […]

Africa Business Community International

Border barriers within EAC hamper its trade ambitions with Africa — AfDB report

Immigration restrictions between citizens of East African Community (EAC) member states could derail the efforts by the bloc to align with the continental free trade policies, according to new data prepared by the African Development Bank (AfDB). The report released by the AfDB and African Union Commission on Sunday shows that while the EAC is […]