Asia Business Emerging Markets Headlines International Morocco

Morocco to back China’s textile Sunrise group with $410 mln

Morocco will offer a financial aid to China’s textile giant Sunrise Group worth 410 million dollars, to help fund an industrial project that would employ 11,000 people. The news came following a visit by Akhannouch- who was in China to attend an Africa summit- to a Sunrise factory where he met officials from the Chinese […]

Africa Asia Headlines International

Mali gets Chinese military support, a hard blow to Algerian regime

Mali military rulers have sealed a military partnership with China amid heightened tension with the feckless neighboring Algerian regime, accused by Bamako of interfering in its domestic affairs and supporting terrorist groups threating its stability. Under an agreement signed in Beijing on the sidelines of the ongoing China-Africa cooperation forum, China will provide the West […]

Asia Business Emerging Markets Headlines International Morocco

EV Battery: Morocco attracts new Chinese mega-project, whetting investors’ appetite

Morocco’s electric vehicle battery ecosystem is gaining momentum with the announcement of a new $363.5 million investment to be injected by China’s BTR New Material Group in its second plant to be built in Mohammed VI Tangier Tech City. In its latest press release, the Shenzhen-based firm said its 2nd factory in Morocco will produce […]

Africa Asia Business Emerging Markets Headlines International

African countries aim to broaden cooperation with China at upcoming FOCAC in Beijing

Political leaders from many African countries and representatives of relevant regional and international organizations will participate in this year’s Summit of the Forum on China-Africa Cooperation (FOCAC) that will be held in Beijing September 4-6, the Chinese Foreign Ministry has announced. Leaders of FOCAC’s African members and representatives from all around the continent reportedly plan […]

Asia Energy Headlines International Morocco

Morocco, China discuss cooperation in nuclear safety

Morocco and China have discussed at a meeting in Beijing earlier this week their cooperation in nuclear safety, in a step towards bolstering international nuclear safety standards. The meeting brought together the Director General of the Moroccan Agency for Nuclear and Radiological Safety and Security (AMSSNuR), Saïd Mouline, and Chinese Vice-Minister of Ecology and Environment […]

Africa Asia Business Emerging Markets Headlines International

Africa’s trade deficit with China shrinks due to soaring minerals exports, weaker currencies

Africa’s trade deficit with China has shrunk in the first half of this year, as exports from some, especially resource-rich, African countries have soared in the first half of the year, while imports from China to Africa fell slightly, according to the latest Chinese customs data. During the first six months of this year, China’s […]

Africa Business Emerging Markets Headlines International

Germany’s top diplomat visits West Africa to mend ties amidst Sahel instability

Germany’s top diplomat has talked up the prospect of closer political ties with Senegal and the Ivory Coast, two of the last democracies in a region otherwise plagued by sectarian conflict, in the latest attempt by a senior EU politician to rebuild the bloc’s political influence in West Africa. Germany’s Foreign Minister Annalena Baerbock is […]

Africa Asia Business Energy Headlines International

China’s oil imports from Africa plunge amid shift to suppliers in Gulf, Asia and Russia — report

Africa once accounted for more than a third of Chinese oil imports, but now major African oil suppliers are struggling with declining production and exports to China that has found other markets due to geopolitical considerations, infrastructure issues, and domestic political problems, according to a recent report by the Carnegie Endowment for International Peace. China […]

Africa Energy Features International

Africa’s rare earths to boost global supply, adding 9% to market, by 2029 — report

Currently a minor player in the rare earth market, African mines have the potential to supply almost 10% of the world’s rare earth elements by 2029, thereby introducing alternative suppliers into a market currently dominated by China, according to a latest forecast by Benchmark Mineral Intelligence. China’s current domination of the global market for rare […]

Africa Business Emerging Markets Headlines International

Guinea-Bissau, Chinese leaders hold talks, upgrade ties, as experts warn of dependency risk

Guinea-Bissau and Chinese presidents held talks in Beijing on Wednesday (10 July), with the two leaders announcing that the relations between both countries will be elevated to a strategic partnership. Umaro Sissoco Embalo, President of the Republic of Guinea-Bissau, who is in China for a 5-day state visit ending on 13 July, was hosted by […]