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Second EU-Africa Business Summit Convenes in Marrakech

Following the successful first edition, the EU-Africa Business Summit returns to Marrakech November 28-29, with the participation of influential African and European policymakers, business leaders and experts. Over two days, the Summit will provide a platform for engaging debates, high-level panel discussions and inspiring sharing and steering sessions on industrialization and value chain development, rural […]

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Morocco’s King reiterates attachment to Maghreb Union, Openness to Africa

King Mohammed VI reaffirmed Morocco’s commitment to sound and solid relations with sister Maghreb nations as well as Africa’s place “at heart of Morocco’s foreign policy“. Maghreb “My keenness to achieve fair, balanced development in all the Kingdom’s regions is just as strong as my commitment to establishing sound, solid relations with sister Maghreb countries,“ […]

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 Morocco & UNIDO Agree to Develop Green Technologies for African Countries

Head of Moroccan Agency for Sustainable Energy (MASEN) Mustapha Bakkoury and Director General of UNIDO LI Yong inked on Tuesday an agreement destined to enhance further cooperation between the two sides in clean and sustainable energy. The agreement was signed on the sidelines of the 18th UNIDO General Conference currently convened in Abu Dhabi, UAE, […]

Africa Finance Headlines International

AfDB: $115 billion capital increase

The African Development Bank Shareholders have approved a landmark $115 billion capital increase, doubling the bank’s capital base from $93 billion to $208 billion, and strengthening thus the Bank’s leadership on development financing for the continent. This largest capital increase in the Bank’s history was approved at an extraordinary shareholders’ meeting last week in in […]

Africa Headlines International

Facebook suspends “Russian fake accounts” for meddling in African countries

Social media giant Facebook on Wednesday said it had suspended three networks of Russian accounts that meddled in the domestic politics of eight African countries. It’s the second massive clean-up in Africa this year. According to Facebook, Russia sponsored almost 200 fake and compromised accounts to target people in Madagascar, Central African Republic, Mozambique, Democratic […]

Africa Headlines International Morocco

Travel & Tourism Competitiveness Report: Mauritius tops ranking in Africa, Morocco fifth

The World Economic Forum has recently published the 2019 edition of the Travel & Tourism Competitiveness Report. Out of 140 countries, 37 African countries were featured in the report on the basis of 14 indicators divided into 4 categories. While Mauritius tops the ranking at the African level, (52nd globally), recording good performance in terms […]

Africa Energy Headlines International

AfDB to Set Up Climate Change Funds & Green Banks in Africa

The African Development Bank has asked the Coalition for Green Capital (CGC) to make a study on the creation of national climate change funds and green banks in Africa. CGC will work with six African countries to conduct feasibility studies for the project, which was launched at the Green Bank Design Summit held in Paris […]

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Morocco’s BCP acquires 100% of capital of Brazzaville-based BCI

Morocco’s BCP bank said on Friday it completed the acquisition of BCI bank in Congo Republic from France’s BPCE after having met all regulatory requirements. Speaking on the sidelines of a ceremony to seal the agreement, BCP CEO Kamal Mokdad said “the acquisition of BCI will help BCP group strengthen its presence in the Economic […]

Africa Finance Headlines International Maghreb Morocco

Morocco Hosts Africa Blockchain Summit 2019

The second Africa Blockchain Summit (ABS 2019) will be held in Morocco’s capital city of Rabat Nov.21 under the theme: “Blockchain at the service of the financial sector”. The event is organized by Bank Al-Maghrib (Central bank) and Paris Europlace in cooperation with HPS and Talan. It will bring together central banks, monetary and financial […]

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Three African countries named rising stars of global trade

Standard Chartered which has recently released its Trade20 Index, identifying the 20 world economies with the greatest potential for commercial growth, has listed three African countries as rising stars of global trade. These are Côte d’Ivoire (top), Kenya (3rd) and Ghana (13th). The study, which examined 66 markets around the world, found that while existing […]