Top Headlines

Morocco's economic growth is expected to grow 3.1% in 2023 thanks to a rebound of the primary sector, says the World Bank's in its latest report “Responding to Supply Shocks”.

China-Africa digital services hub focused on facilitating trade established in Hunan China’s Hunan province has unveiled a China-Africa Digital Services Hub that focuses on cross-border communications support and data-sharing between Chinese companies working in Africa.

Moroccan pharmaceutical company Laprophan signed on Friday a cooperation agreement with China’s Sinopharm, strengthening the link between the two countries in the sector.

The Ethiopian Capital Market Authority (ECMA) discloses that it is under discussion with the National Bank of Ethiopia (NBE) to explore avenues for current retail financial firms to step up as investment banks with a separate subsidiary in the upcoming capital market.

Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh has called for deeper private sector participation in the blue economy initiative to harness greater benefits from the maritime industry.

The Egyptian Prime Minister, Mostafa Madbouly, indicated that the Arab country hopes to list at least 20 state-owned companies in 2023 as part of a larger strategy aimed at generating more revenues, Zawya reports.

The Moroccan company OCP Group is reportedly in talks to help Tanzania overcome its food security challenges through the establishment of a fertilizer factory in the East African country.

Oil drilling began on Tuesday in a Chinese-operated field in Uganda. According to a government official, the East African country expects to start production by 2025. The China National Offshore Oil Corporation, CNOOC, operates the field.

The value of Moroccan exports of phosphate and derivatives reached $10.6 billion (MAD 108 billion) at the end of November 2022, the Financial Studies and Forecasts Department (DEPF) indicated in its economic report for January 2023.