Europe Features Headlines International

From departure to dialogue: France and Senegal chart new diplomatic course

In a landmark meeting at the Élysée Palace, French President Emmanuel Macron  and Senegalese President Bassirou Diomaye Faye launched a renewed phase in Franco-Senegalese relations, signaling a shift from military presence to partnership grounded in respect, transparency, and shared development goals. The summit followed France’s withdrawal from its last military bases in Senegal, which was, […]

Business Features Finance Headlines

Africa pays high price for misjudged risk — $75bn lost annually

Misjudged risk assessments and persistent financial bias are costing African countries a staggering $75 billion annually in inflated borrowing costs and lost revenues, according to the Africa Finance Corporation (AFC). AFC President Samaila Zubairu described the misperception as a “prejudice premium,” arguing that Africa’s default rates are “really, really exaggerated.” Research by Moody’s Ratings supports […]

Africa Business Emerging Markets Energy Headlines International

Africa needs stronger resources governance amid current global critical minerals rush — experts

African governments need to develop robust strategies for the critical minerals sector amid global rush for the continent’s lithium and other strategically important rare metals, a recent research has found. Demand for lithium, for example, tripled from 2017 to 2022, while the critical minerals market doubled in five years, reaching US$320 billion in 2022, according […]

Africa Energy Headlines International

Senegal’s new govt to audit oil, gas, mining industries, pledging to protect investor rights

Senegal will conduct a comprehensive audit of the oil, gas and mining sectors, according to the newly elected President Bassirou Diomaye Faye, who, however, also thought to reassure jittery investors they were welcome in the country. The audit is one of the first policy moves announced by the 44-year-old former tax inspector who stated that […]

Africa Headlines International

Senegal: short election campaign in full swing for delayed presidential vote on 24 March

Campaigning for the upcoming presidential election is in full swing in Senegal, as the country’s voters will head to the polls this Sunday (24 March), in which as many as 93 candidates, including six women, initially declared their intent to run. But this year, the total of 19 presidential candidates that were ultimately confirmed, were […]

Africa Headlines International

DR Congo goes to polls amid concerns about transparency and ‘hate speech’

As millions of Congolese citizens Wednesday (20 December) head to polling stations to cast their vote one of the most anticipated elections of 2023, the European Union has, among others, expressed concerns about transparency, especially after its observer mission pulled out, and also about “the hate speech, violence and incidents that have marked the last […]

Business Headlines International Morocco

Marrakesh hosts international conference on public sector performance & transparency

The city of Marrakesh hosted on Sept.19 an international conference organized by Moroccan Ministry of Economy & Finance, in partnership with the World Bank on “Public Sector Performance and Transparency”. The event was attended by experts in IT and administrative reform, decision-makers, representatives of international organizations and lecturers from Côte d’Ivoire, Cape Verde, Spain, Greece, […]

Business Finance Headlines Morocco

Morocco Gets $450 Mln World Bank Loan for Modernization of Public Sector

The World Bank approved on Wednesday a $450 million loan for Morocco which is deploying sustained efforts to modernize its public sector through the implementation of an ambitious governance reform program . Over the past few years, Morocco has embarked on long-term and wide-ranging reforms to improve the overall performance of the public sector and […]