Business Emerging Markets Energy

Amid energy crisis, EU gives gas-rich Mozambique’s security big boost

The European Union is planning a five-fold increase in financial support to 2024 for the mission of the Southern African Development Community’s (SADC) in Mozambique, according to an internal EU document, as Islamist attacks threaten gas projects meant to reduce the EU’s reliance on Russian energy. The SADC mission — a bloc of 16 African […]

Europe International

Macron in Cameroon slams ‘hypocrisy’ on African nations

Global food crisis is one of Russia’s “weapons of war“, said French President Emmanuel Macron during a visit to Cameroon on Tuesday (26 July), dismissing suggestions Western sanctions were to blame. It’s Macron’s first foreign trip since his re-election as he seeks to reset France’s post-colonial relationship with the continent. The French leader specifically denounced […]

Energy

EU seeks to replace gas from Russia with Nigerian supplies

The European Union has intensified pressure on Nigeria to supply additional gas to Europe as it attempts to wean itself off Russian gas on the back of Vladimir Putin’s war with Ukraine. With the bloc preparing for potential Russian supply cuts, Nigeria’s Minister of State, Petroleum Resources, Chief Timipre Sylva, has called for collaboration with […]

Finance Headlines

World Bank loans Sudan $100m to combat deep food insecurity

The World Bank has released $100 million for the World Food Program to tackle “deep food insecurity” for 2 million people in Sudan. The Washington-based institution in a statement said the funds will help provide an “emergency safety net” amid worsening hunger in the northeast African nation “caused by a poor harvest and rising international […]

Europe Headlines International Maghreb Morocco

Sahara: Italian MPs and Experts Commend Spain’s Stand Supporting Morocco’s Autonomy Plan

Several influential Italian MPs and senators have welcomed Madrid’s backing of the Moroccan autonomy plan offered for the Sahara under its sovereignty, saying it is a forward step towards finding a lasting resolution of the Sahara regional conflict. Commenting on the bold Spanish move in his twitter account, Italian MEP Marco Zanni praised the Spanish […]

Africa Algeria Europe Headlines International Maghreb Morocco

EU reiterates non-recognition of Polisario’s self-proclaimed separatist entity

The EU reiterated that it does not recognize the self-proclaimed SADR republic and reaffirmed its steady position in support of UN efforts towards a mutually acceptable solution to the regional dispute over the Sahara, in yet another blow to Algeria and its separatist puppets. The position was expressed by the spokesman of the European Commission […]

Business Finance Headlines Morocco

Morocco Gets Over € 125 Mln Funding from EIB & EU to Improve Rural Schooling

The European Investment Bank and the European Union support Morocco’s rural schooling program with € 125.8 million funding to serve for the building of 150 community schools. The EIB has agreed to provide Morocco a € 102.5 million loan for this project, while the EU pledged to inject € 23.3 million under the Neighborhood Investment […]

Europe Headlines International Morocco

EU Chief Reaffirms Willingness to Deepen Ties with Morocco, EU’s Key Partner in Region

European Union Commission President, Ms. Ursula von der Leyen, has voiced the Union’s determination to strengthen further its relations with Morocco, EU’s major partner and friend in the region. The EU Chief made the remarks on Tuesday in Rabat wherein she conferred separately with the Head of Govt. Aziz Akhannouch and Foreign minister Nasser Bourita […]

Africa Headlines International Morocco Portrait Profile

Morocco, model of democracy in Africa, says European Parliament member

Morocco stands out as a model of democracy in Africa and a key partner of the European Union in the fight against illegal migration, terrorism and extremism, said Member of the European Parliament Andrey Kovatchev. Commenting lately the European People’s Party (EPP) program “Let’s focus on the MENA Region”, Mr. Kovatchev said he visited the […]

Business Finance Headlines Tunisia

EU loans Tunisia €200m for SMEs financing

Tunisia has ratified a loan agreement with the European Union for €200 million to be tapped by the country’s Small and Medium Enterprises (SMEs). The deal for the credit line which includes €50 million in form of grant, was signed back in June last year and covers the 2021-2023 period. The financing aims to boost […]