Africa Features Headlines International

Burkina Faso: dozens of soldiers, civilians killed in jihadist-hit north

At least 28 people, including soldiers and civilians, have been killed in two separate attacks by rebel fighters in northern Burkina Faso, a regional governor and the army said in separate statements. The army said on Monday (30 January) that a combat unit in Falagountou, in the country’s north near its border with Niger, came […]

Africa Blogs Community Headlines International

Laurent Gbagbo urges ECOWAS to set up regional counterterrorism brigade

Laurent Gbagbo, Cote d’Ivoire’s ex-leader, has called on regional grouping ECOWAS to establish counter-terrorism brigade to curtail terrorism that has plagued the region. Gbagbo was speaking at a meeting of his party PPA-CI, at Bayota, a town in south-central Ivory Coast. “The problem in the Sahel today is the jihadists,” he said. For a 77-year […]

Blogs Community

Cameroon, Nigeria to join Ivory-Ghana-led Cocoa cartel, boosting growers’ leverage

Cameroon and Nigeria have requested to join the Côte d’Ivoire-Ghana Cocoa Initiative (CIGCI), a joint body spearheading the interests of the two countries in the Cocoa trade — if both countries are admitted, the initiative will represent about two-thirds of global Cocoa production. The initiative was set up after a 2018 declaration by Ivory Coast […]

Africa International

Ivory Coast calls for ECOWAS emergency summit over its troops held in Mali

Ivory Coast on Wednesday (14 September) slammed Mali for “blackmailing” over 46 Ivorian troops who have been detained by Bamako and urged leaders of the regional bloc ECOWAS to discuss the crisis “as soon as possible”. Mali’s ruling junta last week tied the troops’ release to the extradition of Malians living in Ivory Coast — […]

Africa International

Ivory Coast: Laurent Gbagbo detained again despite acquittal

Prosecutors at the International Criminal Court (ICC) on Wednesday asked that Ivory Coast’s former president, Laurent Gbagbo, should be kept in custody while they prepare an appeal against his acquittal. The court should only release Gbagbo and Charles Ble Goude, leader of the pro-Gbagbo militant group Young Patriots who was also acquitted, under strict conditions […]

Business Finance

West Africa CFA franc zone members aim to issue $4.82 bln in debt in 2019

The eight countries of the West African CFA franc zone plan to issue 2.723 trillion CFA francs ($4.82 billion) in debt in 2019, Reuters reported. Member countries using the West African CFA franc – a currency pegged to the euro – include Ivory Coast, Senegal, Guinea-Bissau, Mali, Burkina Faso, Niger, Togo and Benin. They share […]

Africa International

Moroccan Attijariwafa Bank Inks Partnership Accords with Ivorian Defense Ministry

Moroccan Attijariwafa Bank Group has inked two partnership agreements with the Ministry of Defense of Côte d’Ivoire, showing the two countries strong determination to improve the working and living conditions for the members of the Ivorian army. The two deals were signed in Abidjan under the chairmanship of President Alassane Ouattara and King Mohammed VI […]

Finance Headlines Morocco

Moroccan Banks Operating in 22 African Countries (Financial Times)

Moroccan banks are operating now in 22 African countries and around 17 per cent of their foreign activity is on the continent, says Financial Times in a special report shedding lights on Morocco’s economic potentials. “These African countries represent a real growth potential given the level of banking penetration, which remains one of the weakest […]

Egypt Headlines

Egypt: IMF, ADB agree to release billions to support Egypt’s weak budget

The International Monetary Fund (IMF) and the African Development Bank (ADB) have approved this week release of billions in form of loans to Egypt in order to support its weak budget suffering from lack of foreign assistance and a huge domestic debt, reports say. The IFM according to reports has approved the first $1 billion […]

Columns Features Opinions

Morocco Building Africa’s Future for Africans’ Sake 

Can Africa rely on its own resources and capacities to hit its development targets? Until the few past years, nobody believed that Africans can really do it except Morocco which has always said it is doable. It seems that the North African nation loves to take up challenges. This Muslim, Arab & African country (US […]