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African carriers to report net loss of $300m in 2019

African airlines are expected to report a net loss of $300 million in 2019, the International Air Transport Association (IATA) said. The expected net loss per passenger is $3.51 making Africa the weakest region globally. Globally, it is expected that 2019 will be the tenth year of profit and the fifth consecutive year where airlines […]

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Continental free trade area to boost e-commerce in Africa –UNCTAD

Opportunities abound for Africa to engage in and benefit from e-commerce and the digital economy as the African Continental Free Trade Agreement (AfCFTA) comes into force, speakers said at an UNCTAD’s Africa eCommerce Week in Nairobi, Kenya. The High-level Dialogue on Trade and the Digital Economy in Africa showed that the continent has the potential […]

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US-China rivalry in Africa set to sharpen in 2019, Control Risks says

Early signs suggest that the US-China rivalry will find its way to the African continent in 2019. While the US is multiplying warnings about the perils of Chinese debt-fueled spending for economic stability, China will continue to broaden its engagement across the continent, with particular focus on East Africa. This is one of the key […]

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COP24: Morocco’s King pleads for more support to Africa, a victim of climate change

King Mohammed VI of Morocco has once again called international partners to grant more support to Africa, a victim of climate change. “The African continent is severely affected by the negative impacts of climate change even though Africa bears no responsibility for this unjust situation,” said the Sovereign in a message he addressed to the […]

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African countries urged to sign the Luxembourg Protocol

The Chief of Industrialization and Infrastructure at the Economic Commission for Africa (ECA), Soteri Gatera, has urged African countries to sign the Luxembourg Protocol because railways are the key to open and free trade across Africa and their development is critical to the continent’s sustainable development agenda. Speaking during the fourth Program for Infrastructure Development […]

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Congo’s Ebola epidemic is world’s second-biggest outbreak

The Ebola outbreak in eastern Congo is now the second biggest in history, the health ministry said late on Thursday. This outbreak – the second this year – began in North Kivu Province before spreading to Ituri Province in the east of the country. It’s the 10th time since 1976 that Ebola has struck the […]

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Africa’s visa openness improves; challenges persist – Report

The Republic of Benin and Seychelles have ended this year in the top spot of the Africa Visa Openness Index Report 2018.  According to the report, Benin introduced a visa-free policy for all nationals of African countries, joining Seychelles in the category of most visa open nations on the continent.  The Visa Openness Index assesses […]

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African Countries Commend King Mohammed VI’s Call for Moroccan-Algerian Dialogue

The call launched on Tuesday (Nov.6) by King Mohammed VI to open a frank and direct dialogue with Algeria to settle the transient and objective differences impeding the development of the two countries’ relations was met with praise in Africa. President of Burkina Faso welcomed the Moroccan Monarch’s call and pleaded for opening borders between […]

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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 […]

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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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