Africa Energy Headlines International Morocco

Nigeria-Morocco Gas Pipeline: A powerful tool for development, regional integration – ONHYM Chief

The Nigeria-Morocco gas pipeline project is a genuine powerful tool for development and regional integration, stressed, in Abidjan, Director General of Morocco’s National Office of Hydrocarbons and Mines (ONHYM), Amina Benkhadra. “It is a transformative project for our continent,” said Benkhadra who was speaking before a panel of investors on the sidelines of the 3rd […]

Lifestyle Technology

Six megatrends that are forging mid-21st century Africa — USAID/BCG report

There are six megatrends in Africa that, if navigated successfully, could help in advancing the continent’s social and economic progress, a research funded by the USAID Mission to the African Union and conducted by Boston Consulting Group (BCG) has found. The world has seen many emerging economies parlay their young populations and entrepreneurial spirit into […]

Lifestyle Technology

Chinese smartphones dominate African market as demand for 5G devices grows

The demand for Chinese 5G smartphones across Africa continues to rise, as more countries on the continent keep testing 5G networks and their citizens are upgrading from 4G smartphones to 5G-enabled ones. Despite the slow pace of 5G network infrastructure development in Africa, the enthusiasm among people across the continent to be part of the […]

Business Finance

Malawi’s intra-Africa trade rises to 32%, boosted by AfCFTA — Brookings study

Trade exchange between Malawi and other countries in the African region has improved over the years, with statistics showing that Malawi now accounts for 32% of intra-Africa trade A recent study published by Brookings Institution Africa Growth Initiative indicates that at 32%, Malawi ranks on position seven out of 13 countries that have improved performance, […]

Asia Headlines International Tunisia

Japanese Premier to be absent at TICAD 8 summit in Tunisia

Japanese Prime Minister Fumio Kishida will miss the 8th Tokyo International Conference on African Development (TICAD) summit planned to take place late this month in Tunis, after the Japanese state-run news Kyodo News announced he contracted COVID-19. Kishida tested positive to the virus on Sunday at the end of his summer break. He, commenced working […]

Energy

UN report: Africa, still too reliant on commodities exports, needs to diversify

Nearly 60% of African countries remain dependent on exports of commodities despite decades-long efforts to diversify. Therefore, a shift especially to technology and financial services, among other sectors, could help them withstand economic shocks, a study recently published by the United Nations Conference on Trade and Development (UNCTAD) argues. UNCTAD’s Economic Development in Africa Report […]

Algeria Headlines

Algeria Releases ‘New Growth Model’ Warning of Unsustainable Subsidy System

The Algerian government released its 2030 vision for economic development, dubbed “New Growth Model,” warning of the unsustainability of the current subsidies system and urging economic diversification to reduce dependency on hydrocarbons. “In all sectors of the public service (electricity, gas, water, rail transport, telecommunications), tariffs are kept at levels lower than the cost of […]

Business Emerging Markets

Casablanca Hosts 5th International Africa Development Forum

Over 1200 African businessmen and senior government officials from nearly 40 countries are taking part in the 5th International Africa Development forum which opened doors Thursday in Casablanca, Morocco’s economic capital, under the theme: “New Inclusive Growth Models in Africa”. The two-day event seeks to promote trade and investment between African countries which are urged […]

Columns Opinions

Morocco’s African Policy, Unlocking the Continent’s Untapped Potential

King Mohammed VI wound up on Thursday his official visit to Tanzania, second leg of his East-African tour that previously took him to Rwanda. The Sovereign was also due to visit Ethiopia, but this third and last leg of the tour in East Africa has been “postponed” and not canceled, as reported by some media […]

Africa Headlines Morocco

A New Page Opens in Moroccan-Nigerian Relations

A new page has been opened in relations between Morocco and Nigeria after a period of tensions marking the mandate of the former Nigerian President Jonathan Good luck, who sidelined with the Polisario’s separatist thesis. A message sent by King Mohammed VI of Morocco to Nigerian President Muhammadu Buhari on his country’s National Day shows […]