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Billions of dollars in remittances flowed to Africa in 2017 – Report

The World Bank and other development partners have revealed that the total money transfers by African migrants to their region or country of origin surged from $34 billion in 2016 to $38 billion, in 2017. The amount includes intra-African transfers. According the Word Bank’s report “Migration and Remittances: Recent Developments and Prospects”, released on April […]

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King of Morocco: AfCFTA fulfils African youths’ ambition to build a strong, integrated Africa.

The Launch of the African Continental Free Trade Area fulfils African youths’ desire and ambition to build a strong, integrated Africa and is a critical step towards the achievement of multifaceted development in the continent, said King Mohammed VI of Morocco. This came in a speech the Monarch addressed to the Extraordinary Summit of heads […]

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South-South Cooperation, One of Best Tools for Africa’s Emergence – King of Morocco

King Mohammed VI of Morocco has once again stressed on Friday the importance of the promotion of South-South cooperation as a means to meet the legitimate expectations of African populations and ensure Africa’s emergence. In a message he addressed to participants in the 4th edition of the Crans Montana Forum, which kicked off Friday in […]

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US Secretary of State Rex Tillerson starts week-long first Africa trip

The United States will give more than $533 million in humanitarian aid for victims of conflicts and drought in Ethiopia, Somalia, South Sudan and the West and Central African countries bordering Lake Chad, US Secretary of State Rex Tillerson said. Tillerson made the announcement at a speech in Virginia before departing for a week-long trip […]

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Africa: Mauritius attracts 90% of India’s foreign direct investment

The Indian think tank group, Observer Research Foundation, in a research note published on February 21 revealed that one single country has collected 90% of Indian direct investment flows to Africa between 2008 and 2016. According to the think tank, Mauritius received $47.6 billion Indian investments during the period, becoming the only African country where […]

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Africa: Conflict, climate change behind hunger of 224 million – UN

About 224 million people are suffering from malnutrition in Africa as effects of climate change and conflicts bite, the United Nations warned on Monday. According to the UN Food and Agriculture Organization (FAO), the situation is a “cause of concern” as the continent’s population was expected to reach 1.7 billion by 2030. The rise in […]

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Towards a single air transport market in Africa

The African Union is planning to launch an African single air transport market with 40 plus countries expected to be signatories. So far, 23 African countries out of 54 have subscribed to the single African air transport market. In his New-Year address, the President of the African Union Commission, Moussa Faki Mohamed, indicated that the […]

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World Bank, AFD Partner with Morocco in support of AAA initiative

The World Bank and the French Development Agency (AFD) decided to partner with Morocco to implement the Adaptation of African Agriculture Initiative, through a one million Euro Funding. The Memorandum of Understanding related to this partnership was signed in Paris Tuesday on the sidelines of the One Planet Summit that saw the participation of King […]

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UN needs record $22.5 bln aid in 2018 to assist war victims, mostly in Africa

The United Nations on Friday launched a record humanitarian appeal for $22.5 billion aid to assist about 90.1 million war-victims in Africa and Middle East in 2018. According to the UN, needs are rising substantially in Burundi, Cameroon, Central African Republic, Democratic Republic of Congo, Libya, Somalia and Sudan, and remain exceptionally high in Nigeria, […]

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Burkina Faso: Macron vows to break ‘Françafrique’ ties, create 450 million jobs in Africa

France’s President Emmanuel Macron on Tuesday told youths in Burkina Faso that he belonged to a new generation of French leaders who want to break with France’s past politics with its former colonies known as the “francafrique.” The 39-year-old leader who was on a visit to Burkina Faso, part of a tour leading him also […]

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