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China’s Influence growing in Africa; US Senate fights back!

The United States Senate has adopted with an overwhelming majority the creation of the United State Development Finance Corporation (USIDFC). This mega-agency, which will have the capacity to mobilize $60 billion, is mainly meant to counter China’s growing economic influence in Africa and is seen as a response to the Chinese initiative “One belt, one […]

Morocco, Russia willing to set up tripartite partnership with Africa

Morocco and Russia have voiced willingness to set up a tripartite strategic partnership with Africa that would involve both the public and private sectors. Such a partnership will enable the undertaking of projects that will be beneficial to all three parties. The willingness was expressed during the 7th session of the Moroccan-Russian Joint Economic, Scientific […]

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Growth in Sub-Saharan Africa Slower than Expected

Sub-Saharan African economies are still recovering from the slowdown in 2015-16, but growth is slower than expected, according to the October 2018 issue of Africa’s Pulse, the bi-annual analysis of the state of African economies by the World Bank. The average growth rate in the region is estimated at 2.7 percent in 2018, which represents […]

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UN Office, Moroccan Agency to foster South-South Cooperation

The Moroccan Agency of International Cooperation (AMCI) and the United Nations Office for South-South Cooperation (UNOSSC), have signed a memorandum of understanding (MoU) to promote South-South cooperation in Africa. Morocco, a founding member of the African Union has made South-South cooperation an instrument for the advent of a new Africa that believes in its potential. […]

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King Mohammed VI, Emblematic Figure of Pan-Africanism, Latin-American Centre

King Mohammed VI is an “emblematic” figure of Pan- Africanism, said Antonio Yelpi, President of the Latin American Centre for Democracy Studies. Morocco, under the leadership of King Mohammed VI, is striving to develop a set of strategies aimed at consolidating Morocco’s relations not only with all the countries of the African continent, within the […]

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Theresa May in Africa to boost post-Brexit fortunes

British Prime Minister Theresa May is traveling to South Africa, Nigeria and Kenya this week on her first African tour to “deepen and strengthen” partnerships as the UK prepares to leave the EU in 2019. The trip “comes at a time of enormous change across Africa with a unique opportunity, as the UK moves towards […]

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Beijing Summit to Boost Sino-African relations

The upcoming Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) will be an important opportunity to deepen Sino-African cooperation, officials said on Monday. The summit themed: “China and Africa: toward an even stronger community with a shared future through win-win cooperation”, will be convened in Beijing in Sept 3–4. African leaders, representatives of African […]

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Africa’s World Cup Dream Ends

The 2018 World Cup dream ended Thursday night for Africa, after a particularly destructive first phase for the participating five African nations. No African team will participate in the knockout stages, a first since the 1986 World Cup. Senegal, Africa’s last hope in the tournament, was eliminated from the World Cup after it lost 1-0 […]

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Europe should stop exploiting Africa- Pope Francis

Europe should stop exploiting Africa and invest in ways that benefit the continent more, Pope Francis said in an interview while discussing the migration of Africans to Europe. According to the Supreme Pontiff of the Universal Church, European countries must invest in Africa, but invest in an orderly way and create employment, “not go there […]

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Africa: Swedfund Commits $14.7 million to Evolution II Energy Fund

Swedfund, Sweden’s development finance institution that supports companies in Africa, Asia, Latin America and Eastern Europe, has invested SEK 126m in the Evolution II Fund, which is focused on clean energy supply and resource efficiency in Sub-Saharan Africa. Evolution II invests in affordable, least-cost, low-carbon clean energy infrastructure projects and promotes growth in resource efficiency […]

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