Africa Business Headlines International

World Bank unveils human capital plan to propel investment in Africa’s people

The World Bank unveiled a new plan Thursday to help African countries strengthen their human capital, setting ambitious targets to be achieved in the region by 2023. The objective of the plan is to enable Africa’s young people to grow up with optimal health and equipped with the right skills to compete in the digitizing […]

Business Columns Headlines Morocco Opinions

Morocco reaps diplomatic gains of soft power in Africa

Morocco is reaping the diplomatic benefits of its south-south cooperation approach and multi-layered African policy capitalizing on soft power. The return to the African Union after more than three decades of absence was a point of inflection showing the Kingdom’s growing clout notably in West Africa, a region in which Moroccan banks and companies have […]

Africa Business Headlines International

Africa’s Continental Free Trade Area takes effect

Gambia’s National Assembly has ratified the agreement that seeks to establish the African Continental Free Trade Area (AfCFTA). Twenty-two signatures were the minimum threshold required to approve the deal among the 55 member states of the African Union. With Gambia’s ratification, the continent’s free trade agreement has drawn enough signatures to go into operation. The […]

Africa Americas Headlines International Morocco

Basketball: NBA co-launches new African league to involve 12 nations

The US National Basketball Association (NBA), in association with the International Basketball Federation (FIBA), will launch as of January a new African Basketball League that will involve 12 African nations for a yearly tournament, Reuters reports. The first tournament in January 2020 will gather 12 national teams. Angola, Egypt, Morocco, Nigeria, Senegal, and Tunisia will […]

Africa Energy Headlines International

Africa’s downstream oil industry attracts $30bn investment

The African oil industry has attracted over $30-billion investment in logistics, distribution, storage terminals, import facilities and retail marketing in recent years. The information was disclosed during the fourteenth annual conference of the African Refiners and Distributors Association (ARA), held in Cape Town over the weekend. According to reports from the ARA conference, new prospecting, […]

Africa Business Columns Headlines International Opinions

Online Marketplaces Could Create 3 Million Jobs in Africa by 2025, BCG report

Online marketplaces such as Jumia, Souq, Uber, and Travelstart could create around 3 million new jobs by 2025 across Africa. These digital platforms, which match buyers and providers of goods and services, could also raise incomes and boost inclusive economic growth with minimal disruption to existing businesses and workforce norms. These are among the findings […]

Africa Business Headlines International Morocco

African Finance Ministers see need for more public investments

African ministers of finance, planning and economic development underscored in Marrakech the need for diversifying public revenue with a view to promoting public investments in the social and economic areas. This came in the closing statement of the 52nd Session of the Economic Commission for Africa’s (ECA) Conference of African Ministers of Finance, Planning and […]

Africa Business Headlines International Morocco

Morocco Hosts 52nd Session of UN Economic Commission for Africa

The 52nd session of the UN Economic Commission for Africa (ECA) is convening in Marrakech from March 20 to 26 under the theme: “fiscal policy, trade and the private sector in the digital era: a strategy for Africa”. The event is an opportunity for African ministers to discuss the fiscal policies necessary for the implementation […]

Africa Headlines International Morocco

Assistant UN SG Hails Morocco’s Contribution for Integration of Landlocked Countries

The UN High-Representative for Least Developed Countries, Landlocked Developing Countries and Small Island Developing States, Ms. Fekitamoeloa ‘Utoikamanu has praised Morocco’s contribution for the integration of landlocked African countries into regional trade. Speaking in Marrakech at the mid-term review meeting of the African Region of the Vienna Program of Action for Landlocked Developing Countries for […]

Africa Business Europe Headlines International Morocco

Morocco’s King pleads for youths’ empowerment in Africa, the front and center in the world order

King Mohammed VI has pleaded for empowering African youths, as Africa’s population is the youngest in the world and as the fast pace of the demographic transition on the continent requires major development projects, especially in such areas as education, health, agriculture, infrastructure and the fight against poverty. African must take up these challenges to […]