Energy Features Headlines

Africa’s palm oil sector to see prices falling in 2023 as output rises

Although palm oil production has been linked to environmental damage and human rights abuses, it remains an important industry providing jobs and contributing to economic growth in several countries in Africa. The global palm oil market size reached US$53.1bn in 2022 and looking forward, the market is expected to reach US$67.6bn by 2028, exhibiting a […]

Business Emerging Markets Features Finance Headlines

Russia, India to move away from US dollar in their trade exchanges with Africa

Trade exchanges between Russia and Africa should move away from the US dollar and be facilitated by transition to national currencies, Russian President Vladimir Putin has said, just as Tanzania and India have inked an agreement establishing a platform by which their bilateral trade will be carried out in their own currencies, not the dollar. […]

Africa Features Headlines International

South Africa still holds “neutral” stance on Ukraine war — minister

The meeting of financial chiefs of the Group of 20 (G20) leading economies held in Bengaluru, India, on 24-25 February 2023 failed to issue a proposed final communiqué in the face of Russian and Chinese objections, which has again brought into spotlight the self-proclaimed ‚neutrality’ of South Africa and many other countries on the continent. […]

Asia Business Egypt International

Egypt, India ink MoUs in many areas including ICT, cybersecurity

Egypt and India signed several memoranda of understanding covering the areas of ICT, cybersecurity, youths and sports, broadcast, and culture. The MoUs were signed on the sidelines of President El-Sisi’s three-day visit to India to participate for the first time ever in the South Asian country’s 74th Republic Day celebrations, Egypt’s Presidential office indicated Wednesday. […]

Asia Business Headlines International Morocco

OCP, India seal deal for supply of 1.7 million tons of fertilizer over 12 months

Morocco’s OCP Group and the Indian government have sealed an agreement on the supply of fertilizers to the Asian country. In a statement released over the weekend, OCP said it will supply more than 1.7 million metric tons (MT) of phosphate fertilizers to Indian companies during the agricultural season over the next twelve months. “The […]

Blogs Community Features Headlines

South Africa vows to use BRICS chair role to advance African interests

South Africa will use its chairmanship of the BRICS group of leading emerging economies — comprising Brazil, Russia, India, China and South Africa — to focus on advancing African interests, the country’s President Cyril Ramaphosa has said. South Africa has just taken over the chairmanship of the BRICS — a bloc widely seen as an […]

Asia Business Headlines International Morocco

India seeks food security through more Moroccan phosphates supplies

Indian chemicals and fertilizers minister Mansukh Mandaviya will be visiting Morocco this month to seal long-term phosphates supply deal amid surging prices in the international market. Indian media reported that in addition to Morocco the minister, accompanied by Indian firms, will also visit Egypt to set up plants for Diammonium Phosphate (DAP) and Nitrogen-Phosphorus-Potassium (NPK) […]

Headlines Morocco

Morocco: E-visa for nationals of four more countries as of Jan. 10, 2023

Nationals of Jordan, India, Guatemala and Azerbaijan will benefit from the electronic visa (e-visa) to visit Morocco from January 10, 2023, the Ministry of Foreign Affairs announced this Wednesday in a statement. This decision is part of the efforts made by the Kingdom, on the national and international levels, aiming at the digitization of public […]

Asia Business Energy Headlines International Morocco

India’s richest person to invest in a 10 GW project in Morocco

India’s richest person Gautam Adani is negotiating with Moroccan authorities the setting up of a giant clean energy project that would produce 10 gigawatts, Bloomberg reported. Adani’s group is considering building solar and wind plants as well as facilities to produce and export green hydrogen, the news agency reported citing anonymous sources. Morocco currently has […]

Business Emerging Markets Headlines

Indian pharma company halts cough syrup production after Gambia child fatalities

India has halted all production at Maiden Pharmaceuticals’ main factory near New Delhi after a WHO report that the company’s cough syrups exported to the Gambia may be linked to the deaths of dozens of children there. The recent incident which has claimed the lives of 69 children, according to WHO, has come as a […]