Nigerian Minister of State for Petroleum Resources Ibe Kachikwu on Monday disclosed that Nigeria will mobilize other oil and gas producers in Africa on the platform of the African Petroleum Producers Organization to raise up to $2 billion to finance energy projects across the continent. According to Kachikwu, member countries of APPO were already looking […]
Tag: Africa
Africa Centre for Climate & Sustainable Development Opened in Rome
Italy’s Prime Minister Giuiseppe Conte cut the ribbon for the new ‘Africa Centre for Climate and Sustainable Development’ in Rome this Monday. This Centre will provide a fast-track, demand-driven mechanism for African countries to access grant resources that support policies, initiatives, and best practices on climate change, food security, access to water, clean energy, and […]
Moroccan Banks, Launchpad for Investments in Africa- Stratfor
Moroccan banks across Africa serve as a launchpad that will allow Moroccan and European businesses to expand in the continent, Stratfor, a US firm specializing in risk analysis, said in a recent report. The report shows that Morocco has become a key investor in Sub-Saharan Africa owing to the strength of its financial sector. “As […]
Tech start-up Andela raises $100m in USA for Africa operations
African-focused start-up Andela has raised $100m in a tour in United States, led by Al Gore’s Generation Investment Management. Andela, founded in 2013 to train African software developers and help them get hired by global companies, said it would use the most recent cash injection to expand the business and improve its internal data tools […]
Morocco underscores tenets of its independent foreign policy in Arab region
Morocco’s foreign policy towards the Arab world is independent and driven by the end goal of bringing Arab countries closer without any political parti-pris, Foreign Minister Nasser Bourita said. Morocco has adopted an impartial stand regarding the Gulf crisis, recalled the Moroccan minister in an interview with Aljazeera TV channel. He said Morocco endeavors to […]
Africa, Middle East & Turkey Wearable Devices Market Scores Strong Growth, IDC
Shipments of wearable devices in the Middle East, Turkey, and Africa (META) region reached 1.13 million units in the third quarter of 2018, according to the latest insights from International Data Corporation (IDC). The global technology research and consulting firm’s Worldwide Quarterly Wearable Device Tracker shows that shipments were up 77.6% on the corresponding period […]
AU to Sanction Members Defaulting on Payment of Financial Contributions
The African Union on Wednesday called for a sanction regime against member states that would fail to make their annual financial contributions. African Union Commission chair Moussa Faki Mahamat announced the new measure in a speech at the 20th Extraordinary Session of the Executive Council of the African Union, focused on the continental reform agenda, […]
King Mohammed VI Champions the Cause of Youth in Morocco & Africa
Listening to the voice of youth and addressing their challenges have topped the concerns of the Moroccan Monarch whose tours in the country and the continent have always attached paramount importance to youth wellbeing and future. To mention but a few initiatives led by King Mohammed VI, on Thursday, he inaugurated in Marrakech two sports […]
IFC Teams up with Moroccan BCP Group to Enhance Microfinance in Sub-Saharan Africa
The International Finance Corporation (IFC) has sealed an agreement with Atlantic Microfinance for Africa (AMIFA), a subsidiary of the Moroccan Banque Centrale Populaire (BCP) Group, for developing new products and services to boost financial inclusion in Sub-Saharan Africa. The agreement will enable AMIFA to strengthen the development capacity of its microfinance program in Sub-Saharan Africa […]
Marrakech Hosts Global Forum on Investments in Food & Agriculture
Public funding alone is not enough to achieve the Sustainable Development Goals (SDGs) said participants in the Global Forum organized Tuesday in Marrakech by the European Bank for Reconstruction & Development (EBRD), FAO and EU. They also called on international financial institutions to leverage private investments to tackle global challenges in food and agriculture. The […]









