Africa Business Europe Headlines International Morocco

Morocco Vows to Strengthen Ties between Africa and UK after Brexit

Head of Moroccan Government Saad Eddine El Othmani said Monday in London that “Morocco will work to strengthen ties between Africa and the United Kingdom after Brexit.” El Otmani made the remarks after a meeting with UK peer Boris Johnson on the sidelines of “UK-Africa Investment Summit 2020” organized by the British government to foster […]

Africa Headlines International

English-speaking ECOWAS countries reject rebranding of CFA currency

The Finance and Economy Ministers, as well as Governors of central banks of English-speaking West African countries on Thursday criticized a move to rename the CFA franc used by former French colonies, saying the move jarred with plans to introduce a region-wide currency of the same name. In December, The Ivorian President Alassane Ouattara announced […]

Africa Headlines International

African Defense Ministers, Security Officials to Discuss Continental Peace

African ministers of defense, army chiefs of staff and heads of safety and security are set to convene a high-level continental meeting in Cairo on Thursday (Dec.19) to discuss continental peace and security issues, the African Union Commission (AUC) said. The meeting will be held as part of the upcoming 12th Ordinary Meeting of the […]

Africa Egypt Headlines International

Aswan Hosts First Forum for Sustainable Peace & Development in Africa

The first Aswan Forum on Sustainable Peace, Security and Development in Africa, held Dec.11-12 in the upper Egyptian city of Aswan, focused on post-conflict reconstruction, education, climate change and sustainable development in the continent. World leaders as well as representatives of international and regional organizations debated a wide range of issues during the two-day forum, […]

Americas Business Energy Headlines International Morocco

US Chevron to make Morocco its lubricants export hub to Africa

US energy giant Chevron signed a deal with Morocco’s Akwa Group to make the Kingdom its lubricants manufacturing and exporting hub to Africa. An agreement was signed in that regard between Chevron and Akwa Group, bringing the share of Chevron from 25% to 50% of Akwa Group subsidiary Afriquia Lubrifiants. Under this deal, Chevron will […]

Africa Europe Headlines International

German Chancellor calls for reconsidering restrictive arms exports to Africa

German Chancellor Angela Merkel has called on her country’s lawmakers to rethink restrictive arms export policies towards Africa, arguing the restrictions are not in Germany’s best interest.   The chancellor, who was addressing the German parliament, the Bundestag, on Wednesday, made the case for more engagement in Africa’s Sahel region, where the threat of destabilization […]

Africa Business Headlines International Morocco

Blue Economy, Springboard for Sustainable Development in Morocco’s Southern Provinces

The prospects and huge business opportunities offered by the blue economy in Africa were at the center of the first international seafarers forum held Feb.23-24 in the Southern Moroccan city of Dakhla with the participation professional mariners from 27 African and European countries. During the event, maritime experts, seamen and representatives of civil society stressed […]

Africa Business Headlines International

Africa: Infrastructure development funding hits $100 Billion

Funding destined to infrastructure development in Africa hits $100 billion in 2018, the Infrastructure Consortium for Africa (ICA) has announced. The ICA’s Infrastructure Financing Trends in Africa 2018 report shows that financing of infrastructure in Africa reached a new high of $100.8 billion in 2018, a jump of about a quarter on 2017 and 38% […]

Africa Headlines International

Nigerian fintech startup raises $120M from Chinese investors

Nigerian-based fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Founded by consumer internet company Opera, OPay will use the funds to scale up in Nigeria and expand its payments product to Kenya, Ghana and South Africa, the company said in a statement. Incubated by Norwegian-based consumer internet outfit […]

Headlines Tunisia

Tunisia confirms its proficiency in organ transplant in Africa

Tunisian medicine continues to make great strides. Medical teams at the hospitals of Rabta in Tunis and Mongi Slim in Marsa, on November 12, successfully performed two surgeries. One on heart transplant and the other on liver transplant. The information was revealed by Director-General of the National Centre for the Promotion of Organ Transplantation Taher […]