Africa Features Headlines International

Island Nation leads agricultural innovation in West African region

Cape Verde’s agricultural sector has achieved remarkable transformation four years after severe drought conditions, implementing innovative solutions including seawater desalination technology. This revival demonstrates successful adaptation to environmental challenges through modern infrastructure development and strategic planning. The program combines innovative crop introduction with expanded desalination capacity, supported by a new agricultural insurance system. These initiatives […]

Business Emerging Markets Finance Headlines Morocco

World Bank highlights resilience of Morocco’s financial sector to drought

Despite consecutive dry years, Morocco’s banking sector has shown resilience and stability, the World Bank said. “Stress tests in Colombia, Morocco, and Mexico indicate that overall physical risks such as droughts and floods as well as transition risks are relatively benign for the financial system as a whole,” the World Bank said in its “Finance […]

Africa Finance Headlines International

Drought-Stricken Malawi Receives $11.2 Million Insurance Payout

Malawi, grappling with a severe El Niño-induced drought, has received a much-needed financial boost. An insurance payout of $11.2 million has been disbursed to the southern African nation, offering a glimmer of hope in the face of a dire food crisis. This payout comes at a critical time for Malawi, one of the world’s poorest […]

Africa Community Headlines International

Southern African drought affects 68 million people- regional grouping says

Nearly 68 million people in southern Africa are suffering from the impact of drought and are in urgent need of humanitarian aid, The Southern African Development Community (SADC) said. The ongoing El Niño-induced drought, left 17% of the Southern African population grappling with severe food shortages due to declining crop and livestock production, which has […]

Emerging Markets Headlines Morocco

Drought worsens Morocco’s unemployment rate to 13.1%

Morocco’s unemployment rate surged to 13.1% on the back of persisting drought in the first half this year, compared with 12.4% the same period last year. Youth unemployment, in particular, soared to 36%, with 19% reported among degree holders, the high commission for planning HCP said. The total number of the unemployed in Morocco grew […]

Emerging Markets Headlines Morocco

Morocco’s farming sector to the test of drought

Six consecutive years of drought left Morocco’s agricultural dams at a critical filling rate, prompting a halt of irrigation in key farming areas. This year’s cereals harvest is expected to drop 43% to 3.12 million tons only, due to a lack of rainfall that induced a reduction in the cultivated area. Rainfall was down 34% […]

Emerging Markets Headlines Morocco

Drought ditches Morocco’s cereals harvest by 43% in 2024

Morocco’s harvest of three main grains, soft wheat, durum, and barley, dropped 43% to 3.12 million tons in 2024, due to a severe drought that slashes cultivated areas. The cultivated area shrunk to 2.47 million hectares, compared with 3.67 million hectares last season, the agriculture ministry said. Soft wheat harvest dropped to 1.75 million tons, […]

Africa Headlines International

Drought, conflict hamper Sahel’s green wall

Formally begun in 2007 by the African Union, the Sahel’s green wall which consisted in planting trees to fight desertification has been facing headwinds partly due to drought, conflict and lack of funding. The project is estimated to cost 36 billion dollars and be completed after 17 years from its launch but was hampered by […]

Africa Headlines International

UN raises $630mil, short of target $1bn, to tackle Ethiopia’s dire humanitarian crisis

A United Nations-led donor event held in its headquarters in Geneva on Tuesday (16 April) managed to secure financial pledges only for about two-thirds of the $1 billion it was seeking to raise to assist millions of Ethiopians affected by conflict, drought and floods. The donor conference raised about $630 million, thus falling short of […]

Blogs Community Headlines Morocco

Morocco dam filling rate improves to 30.7% on recent rainfall

Torrential rain in different Moroccan regions last week boosted water reservoirs reaching an average of 30.7%, compared with 23% few days ago. While the recent rain is a boon for a drought-hit farming sector, it reached a surplus in some northern dams and mitigated water shortage in other areas. The region of Souss, a key […]