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Morocco Restarts Romanian Sheep Imports, 13,000 Units Shipped

Morocco Restarts Romanian Sheep Imports, 13,000 Units Shipped

Morocco resumed its imports of Romanian sheep last week, which had been suspended due to the outbreak of the plague of small ruminants (PPR), Cristian Laurentiu Mortasivu, General Director of Romania’s Sanitary Veterinary and Food

Business
Morocco’s 40 Under 40: A New Generation of Leaders Driving the Country’s Transformation

Morocco’s 40 Under 40: A New Generation of Leaders Driving the Country’s Transformation

Driven by a vision to foster a new generation of Moroccan leaders, Badr Boussabat co-founded “Morocco’s 40 Under 40” initiative alongside his brother Ouçama. The two brothers recognized the country’s ongoing transformation and the need

Business
Morocco’s Banking Group BOA Raises USD 300 Million for Africa Finance Corporation

Morocco’s Banking Group BOA Raises USD 300 Million for Africa Finance Corporation

Bank of Africa (BOA) UK has secured USD 300 million in funding for Africa Finance Corporation (AFC) through a partnership with seven major Indian banks, according to converging news reports on Thursday. Acting as the

Business
COP29: World Bank, EIB pledge $120bn climate finance for Nigeria, others

COP29: World Bank, EIB pledge $120bn climate finance for Nigeria, others

A group of 10 multilateral banks, including the World Bank, European Investment Bank, and Asian Development Bank, has pledged $120 billion annually by 2030 to boost climate finance to low and middle-income countries, including Nigeria.

Business
Morocco’s Customs Revenues Reach MAD 76 Billion by End of October

Morocco’s Customs Revenues Reach MAD 76 Billion by End of October

Morocco’s customs revenues reached MAD 76.28 billion by the end of October 2024, marking a 9.8% increase compared to the same period last year, according to the General Treasury of Morocco (TGR). Customs revenues include

Business
Nigeria’s crude oil production rose to 1.33m bpd in October – OPEC

Nigeria’s crude oil production rose to 1.33m bpd in October – OPEC

The Organisation of the Petroleum Exporting Countries has announced that Nigeria’s average daily crude oil production edged up to 1.33 million barrels per day (bpd) in October 2024. OPEC disclosed this in a recent report

Business
Why African businesses must look beyond domestic markets – Experts

Why African businesses must look beyond domestic markets – Experts

As Africa’s retail sector continues to grow, Industry leaders and experts in the retail sector have urged African businesses to expand beyond their domestic markets. This was the crux of discussions at the Africa Retail

Business
CBN eyes $1trn economy through financial inclusion initiatives

CBN eyes $1trn economy through financial inclusion initiatives

The Central Bank of Nigeria has launched three initiatives aimed at realising Nigeria’s vision of a $1 trillion economy by 2030 through financial inclusion. The initiatives were launched at the second edition of the International

Business
US embassy urges Nigeria to strengthen security with technology

US embassy urges Nigeria to strengthen security with technology

The United States Embassy in Abuja has advised the Nigerian government to harness the power of technology to enhance its security framework and build a safer, more resilient country. Mr. Bradley Markwald, the embassy’s Senior

Business
High interest rates, insecurity lead to business constraints in Nigeria – CBN Survey

High interest rates, insecurity lead to business constraints in Nigeria – CBN Survey

Businesses across Nigeria are grappling with a difficult operating environment as high interest rates, insecurity, and multiple taxes rank among the most pressing constraints, according to the latest Central Bank of Nigeria (CBN) survey. The October Business