Africa’s richest man, Aliko Dangote, in a recent interview with the BBC, disclosed that his proposed refinery in Kenya might cost substantially less than the $17 billion originally predicted, as the tycoon hopes to use lessons learned from the construction of his gigantic Lagos refinery to speed up the new project. Aliko Dangote announced that…
The UAE has built one of the continent’s largest investment pipelines across ports, mines, farms and renewable energy. The next stage is whether those projects leave African countries with infrastructure, processing capacity and local businesses that can outlast the deal. The Financial Times reported that UAE entities have announced more than $168 billion in African…
Africa’s solar demand is rising as countries look for cheaper and more reliable power. The next contest is whether the continent remains a buyer of Chinese equipment or builds factories that can create jobs and retain more value locally. Nigeria, South Africa, Morocco and Ethiopia are expanding solar manufacturing plans as power demand rises. Chinese…
In July, about 72,000 Moroccans entered Ceuta, a Spanish territory on Africa’s northern coast, during a two-day migration surge, leaving the world in shock and subsequently raising questions. About 72,000 Moroccans entered Ceuta, a Spanish enclave in North Africa, in a two-day surge in July, raising international concerns. Questions arose regarding who organized the mass…
Colombia has joined the US in recognising Morocco’s sovereignty over Western Sahara, reversing the position of the previous administration and handing Rabat a fresh diplomatic victory in its campaign to build international support for its claim over the disputed African territory. Colombia has recognized Morocco’s sovereignty over Western Sahara, reversing its previous support for the…
For decades, America’s engagement with Africa was largely defined by aid, public health programmes, security partnerships and political diplomacy, but Washington is now making a harder commercial calculation as it seeks to secure critical minerals, opening both direct and indirect investment opportunities for resource-rich African countries. The US is increasing investment in critical minerals to…
The Moroccan government has recently introduced a significant expansion of its national employment strategy, committing an additional MAD 15 billion, which is approximately $1.65 billion, to drive job creation. Morocco has allocated an additional MAD 15 billion (about $1.65 billion) to expand its national employment strategy. The Employment Roadmap 2030 targets creating one million net…
Africa has emerged as one of Diageo’s strongest-performing regions just as the British drinks giant prepares to relinquish direct ownership of its remaining beer business on the continent. Diageo’s Africa operating profit surged 43.5%, making it the company’s fastest-growing major region. Organic sales rose 13.3%, despite the group’s global sales declining 2%. The growth comes…
A new NATO-like defence alliance between Saudi Arabia, Pakistan and Turkey has revived attention on Pakistani arms deals worth more than $5 billion with Sudan and Libya, which Saudi Arabia had earlier moved to halt in the wake of the US-Iran war. Saudi Arabia, Pakistan, and Turkey signed the Mecca Joint Defence Agreement, declaring collective…
