Growing Morocco’s $2 billion-a-year Aerospace Industry
Efforts are part of a years-long push to transform the largely agrarian economy through subsidizing manufacturers of planes, trains, and automobiles. Officials hope it dovetails with efforts to grow Moroccan airlines, including the state-owned Royal Air Maroc. The French engine manufacturer is among the 130 aerospace companies active in Morocco, where parts ranging from wings […]
A Loan from an UAE Company May Tie Up most of South Sudan’s Oil Revenues for Many Years
A little-known company run by a distant relative of the Abu Dhabi royal family agreed to lend $12.9 billion to South Sudan in exchange for repayment in oil, making it one of the largest ever oil-for-cash deals and the latest such intervention in a struggling African country. According to an unpublished report by a United […]
Boycott Forces Fishmongers in Egypt to Slash their Prices by up to 50%
A campaign against high prices, which began in the major cities of Port Said and Alexandria, has spread elsewhere under the slogan “let it rot”. The protest began online weeks ago, sparked by the ongoing price hikes of almost all goods. President Abdul Fattah al-Sisi has previously advised consumers to boycott products that become unaffordable as […]
Everything Begins With Water
Water is life. Human existence totally depends on it. Water relates to all aspects of human development, and remains the single greatest power to drive industrialization, health and gender equality across the continent. Access to clean water remains a challenge in parts of the continent, and have serious consequences for health and sanitation. Each part […]
Rwanda: African Development Fund to provide a partial credit guarantee to support the financing of green and sustainable initiatives
KIGALI, Rwanda, 26 April 2024 -/African Media Agency(AMA)/-The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, has approved a partial credit guarantee to support Rwanda’s mobilisation of financing to implement green and social initiatives. The Partial credit guarantee for mobilisation of sustainable financing for Rwanda project will […]
DRC Concerned about How Apple Makes its Products
Lawyers representing the DR Congo have written to Apple CEO Tim Cook demanding answers on the sourcing of minerals used to manufacture the company’s products. The lawyers shared concerns that Apple’s supply chain may be tainted by blood minerals — those obtained through unethical mining practices — from the DRC. Amsterdam & Partners said it […]
Nestlé Called Out on “Harmful Double Standard” in African Markets
Public Eye, a Swiss investigative organisation, sent samples of Nestlé baby-food products sold in Asia, Africa and Latin America to a Belgian laboratory for testing. The laboratory found in many cases that baby formula with no added sugar sold in Switzerland, Germany, France and the UK contained unhealthy levels of sugar when sold in countries […]
Flooding in Tanzania has Killed More than 150 People
It has left at least 236 injured, the country’s Prime Minister Kassim Majaliwa said on Thursday. More than 10,000 houses have been damaged and upwards of 200,000 people have been affected, Majaliwa told the Tanzanian parliament in the capital Dodoma. The prime minister added that “the heavy El Nino rains, accompanied by strong winds and […]
Kenya has Joined a Growing List of Nations Seeking to Regulate TikTok
According to reports, the Kenyan government has advised lawmakers against banning TikTok and instead recommended stricter rules to regulate the platform. “Rather than imposing a ban on TikTok, the ministry proposes adopting a co-regulation model,” the information and communication ministry said in an advisory to the panel, which was shared with Reuters on Thursday. The […]
New Project Aims to Address Ghana’s Housing Challenges
The Ghana Statistical Service has reported that approximately six million of Ghana’s 33 million population are in urgent need of housing. Economic challenges and limited access to financing have hindered many Ghanaians from buying or building homes. An initiative to help provide much-needed homes in Ghana is turning shipping containers into eco-friendly homes. Affordability is […]
