Africa Energy Headlines International

Burkina Faso to ink $51 million deal with EU to increase electricity coverage

The government of Burkina Faso has secured a $51 million deal from the European Union (EU) and the French Development Agency to support the construction of power transmission lines from Nigeria to Burkina Faso. The Dorsale Nord project features 880 km of high-voltage transmission lines from Birnin Kebi in Nigeria to Ouagadougou in Burkina Faso. […]

Africa International

Mali: Gunmen kill more than 30 Tuaregs

In Mali, gunmen on motorbikes have killed more than 30 Tuareg civilians this week in northern Mali, Reuters reported. According to the report, the identity of the assailants was unknown, but disputes between the nomadic Tuareg and herder Fulani and displaced thousands over the past year. In the central-eastern town of Menaka, mayor NanoutKotia told […]

Business Finance

West Africa CFA franc zone members aim to issue $4.82 bln in debt in 2019

The eight countries of the West African CFA franc zone plan to issue 2.723 trillion CFA francs ($4.82 billion) in debt in 2019, Reuters reported. Member countries using the West African CFA franc – a currency pegged to the euro – include Ivory Coast, Senegal, Guinea-Bissau, Mali, Burkina Faso, Niger, Togo and Benin. They share […]

Africa Energy Headlines International Morocco

Morocco, Burkina Faso to Cooperate on Renewable Energy

Morocco and Burkina Faso signed a framework agreement to cooperate on renewable energy projects notably through the exchange of expertise and know-how. The agreement was signed recently in Rabat by head of Morocco’s renewable energy agency (MASEN) Mustapha Bakkoury and Burkina Faso’s energy Minister Bachir Ismael Ouedraogo. This cooperation agreement fits into Burkina Faso’s endeavor […]

Africa Finance Headlines International Morocco

Maroc Telecom Acquires 61% of Burkina Faso’s Onatel

Morocco’s largest telecom operator “Maroc Telecom” completed the acquisition of a 10% stake in ONATEL on the Abidjan Regional Stock Exchange for €41 million, bringing its shareholding in the Burkina Faso subsidiary to 61%. This transaction, at a price of CFAF 8,000 per share, allows Maroc Telecom to strengthen its stake in the leading operator […]

Africa Headlines International

Al-Qaeda Offshoot Claims Responsibility for Burkina Faso Terrorist Attacks

An alliance of terrorist groups loyal to Al-Qaeda and led by Malian Jihadist Iyad Ag Ghali claimed responsibility for the simultaneous attacks on the military headquarters of Burkina Faso and the French Embassy in Ouagadougou. The group said that the attack is a retaliation against France, which has launched an operation against terrorists in northern […]

Africa Headlines International Mauritania

Security Council Welcomes Deployment of Multinational Force to Counter Terrorism in Sahel

The UN Security Council unanimously welcomed in a resolution the deployment of a military force by West African states to combat terrorism and arms, drug and human trafficking in the Sahel region after France and the US reached a consensus on the issue. To secure the support of the US, France softened the resolution language […]

Africa Headlines International Morocco

Morocco, on a Charm Offensive to Join ECOWAS

King Mohammed VI of Morocco sent messages with envoys to heads of state of the West African Economic Community (ECOWAS) which the Kingdom applied to join. In this regards, Minister Delegate to foreign Affairs, Nasser Bourita handed Royal messages to the heads of state of Ghana, Nigeria, Mali and Gambia. In the same vein, head […]

Africa Headlines International Morocco

Morocco’s Ambassador Hands Credentials to President of ECOWAS Commission

The President of the Economic Commission for West African States (ECOWAS), Marcel Alain De Souza, met on Thursday in Abuja, Moha Ou Ali Tagma, who handed him his credentials as Morocco’s Extraordinary and Plenipotentiary Ambassador to the sub-regional organization. Morocco, which has an observer status in the ECOWAS and is bound by strong relations with […]

Africa International

Moroccan Attijariwafa Bank Inks Partnership Accords with Ivorian Defense Ministry

Moroccan Attijariwafa Bank Group has inked two partnership agreements with the Ministry of Defense of Côte d’Ivoire, showing the two countries strong determination to improve the working and living conditions for the members of the Ivorian army. The two deals were signed in Abidjan under the chairmanship of President Alassane Ouattara and King Mohammed VI […]