Africa Emerging Markets Headlines International Morocco

AU PSC calls for integrating environmental dimensions in peace, security & development strategies in Africa

The Peace and Security Council (PSC) of the African Union (AU) underscored the importance of integrating environmental and climate dimensions, including agricultural adaptation, into peace, security, and development strategies in Africa. In a communiqué issued on Saturday following a meeting on “Climate Change: Challenges to Peace and Security in Africa,” held recently under the chairmanship […]

Business Emerging Markets Features

Horn of Africa: long-term peace to come from regional integration, cooperation — UNDP report

The Horn of Africa countries should turn to trade as a solution to persistent conflict and political instability, says a new report by the United Nations Development Programme (UNDP), that suggests that the lack of intra-regional trade, as well as poor infrastructure, has fueled conflict and violence by perpetuating poverty and a sense of marginalization. […]

Business Emerging Markets Lifestyle Technology

Increasing mobile internet usage could add $795 billion to Africa’s GDP

Africa’s digital transformation is well underway, with mobile internet emerging as a significant catalyst for economic growth. A report by ‘The Economist Intelligence Unit’ estimates that expanded mobile internet use could contribute as much as $795 billion to the continent’s GDP. This opportunity aligns with the growing role of digital technology in Africa’s economic and […]

Business Features Finance

New ‘independent’ Africa credit rating agency on track to launch in 2025

A new credit rating agency designed to address the needs of sovereign borrowers in Africa, and led by an African Union (AU) Commissioner, is on track to be launched in 2025, according to a senior AU official. Speaking with reporters in Accra, the AU Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, Albert Muchanga, […]

Africa Business Energy Europe Finance Headlines International

Africa — its resources and migration — takes centre stage at G7 summit in Italy

Italian Prime Minister Giorgia Meloni, whose Africa development plan has drawn criticism, has elevated the continent as a central theme and top priority at this year’s Group of Seven (G7) leaders’ meeting, positioning Italy as a key energy hub linking Europe with Africa. Africa is high on Italy’s agenda this year at the three-day G7 […]

Headlines Lifestyle Morocco Technology

Oracle Expands R&D Activities in Morocco to Engineer AI Solutions for Global Market

U.S. computer company Oracle has announced plans to further strengthen its research and development (R&D) capabilities in Morocco by growing its local workforce to 1,000 information technology (IT) professionals. The goal is to speed up and accelerate the development of Oracle’s cutting-edge technologies that help solve customer challenges worldwide. A commitment agreement was signed Thursday […]

Europe Headlines International

Global Gateway: EU holds its rank as top provider of ‘aid for trade’ in Africa and globally

The European Union remains the world’s biggest contributor of ‘Aid for Trade’, committing over €18 billion in 2021, with Africa being the largest recipient of EU Collective Aid for Trade, followed by Asia and Europe, according to the latest EU Aid for Trade Progress Report. This amount represents 47% of all Aid for Trade originating […]

Columns Europe Headlines International Morocco

France greenlights public funding for private projects in Morocco’s Sahara

France has allowed its development agencies to fund projects in the Moroccan Sahara, a move that implies a recognition of Moroccan sovereignty over the territory, Moroccan media reported. The decision was reported by LeDesk and confirmed by Medias24 which reported that it will be officially announced during the visit of the French foreign trade minister […]

Headlines Tunisia

MEPs accuse EU executive of ‘bankrolling dictators’, claiming Tunisia’s president pocketed EU aid

Senior members of the European Parliament (MEPs) have accused the EU executive of “bankrolling dictators”, claiming that the €150 million it gave to Tunisia last year in a migration and development deal went straight to the country’s president, Kais Saied. The group of MEPs on the human rights, justice and foreign affairs committees at the […]

Africa Headlines International

Middle-Income Countries Can Be New Drivers of Regional and International Development

Morocco has called on the Middle-Income Countries to build on their assets in order to be the new drivers of regional and international development in the new world order taking shape. In his opening address made Tuesday at the High-Level Ministerial Conference on Middle-Income Countries, currently in held in Rabat, Moroccan foreign minister Nasser Bourita […]