Category: AFRICA
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Development banks can boost lending by $200 bln – Paris summit
PARIS – Multilateral development banks are expected to unlock $200 billion in extra firepower for emerging economies by running their balance sheets more tightly and […]
IMF working on global central bank digital currency platform
RABAT – The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing […]
Morocco’s OCP plans $7 billion green ammonia plant to avert supply problems
RABAT – Morocco’s OCP plans to invest $7 billion in an ammonia plant using green hydrogen, produced from renewable fuel, it told Reuters, as one of […]
Auto firms race to secure non-Chinese graphite for EVs as shortages loom
LONDON – Automakers, including Tesla and Mercedes, are rushing to lock in graphite supply from outside dominant producer China, as demand for electric vehicle (EV) […]
Nigeria, Morocco, Cote D’ivoire, Liberia, Benin, Guinea Sign Mous On Nigeria-Morocco Gas Pipeline Project
Abuja, Nigeria, June 16th, 2023. West Africa marked another important milestone in energy sustainability, at the headquarters of the Economic Community of West African States […]
India’s Modi seeks African Union’s full membership in G20
NEW DELHI – Indian Prime Minister Narendra Modi has written to the leaders of the G20 nations proposing the African Union be given full, permanent […]
Security alert Altcoins worth $100 billion dropped in hot water
A slew of altcoins – a catch-all for most cryptocurrencies except bitcoin and ether – have been harpooned in lawsuits filed by U.S. regulators against exchanges Binance […]
Inside OPEC+, Saudi ‘lollipop’ oil cut was a surprise too
LONDON, June 9 (Reuters) – Saudi Arabia kept under wraps its plan to make a deep cut to its own oil output during a weekend […]
Croatia beat Morocco to bronze Qatar World Cup 2022
Croatia claimed third place by beating Morocco 2-1 on Saturday through first-half goals by Josko Gvardiol and Mislav Orsic. Morocco Atlas Lions did amazing things […]