Over the first eight months of this year, the number of tourists visiting Morocco peaked sharply, and, consequently, the country had its tourism revenues rise. Morocco earned 71.4 billion dirhams ($6.9 billion) from tourism in the first eight months of 2023, up 33% in the same period in 2022. This was disclosed by the Moroccan Ministry of Tourism, Handicrafts, and the Social and Solidarity...

When addressing the nation on Sunday, October 1, on the eve of his country's independence day, Colonel Mamadi Doumbouya (pictured) took stock of the situation since he came to power and announced his next steps. “Our country, Guinea, is on the path of reconciliation, development and prosperity. But many things still need to be done. Many challenges remain. And we have to address them all...

Gambian President Adama Barrow and African Development Bank Group head Dr Akinwumi Adesina pledged on Monday to work together to boost rice production and invest in the country’s vibrant youth and women entrepreneurs. “The Russian-Ukrainian war presents an opportunity for us to solve the problem of food security. There’s no reason why Africans shouldn’t feed themselves,” President...

The Bank has already contributed USD 25 million to fund the preparatory phase of the project. Moreover, along with its partners, it mobilized USD 15.6 billion during the Africa Investment Forum (AIF) in 2022.  The highway will link the most economically dynamic cities and ports and the most densely populated urban areas in West Africa. Meeting on 9 July 2023, alongside an ECOWAS summit in...

Despite a promise made by the Russian president at the inaugural Russia-Africa Summit in 2019 to increase trade with the continent to "$40 billion over five years," recent figures for the first nine months of this year indicate that Moscow still has a significant gap to bridge. Trade between Russia and Africa reached $15.5 billion in the first nine months of 2023, marking a significant...

When he came to power on September 30, 2022, following a military coup, Captain Ibrahim Traoré said the deteriorating security situation needed to be addressed. Burkina Faso's transitional President, Captain Ibrahim Traoré, made a resolute declaration in an exclusive interview broadcast on national television, RTB, last September 29. "Elections are not a current priority; security is,” he...

Ahead of the 28th United Nations Conference on Climate Change (COP 28), the African Development Bank Group has launched country-by-country economic reports to guide African policymakers in their discussions at the global event. The new Country Focus Reports (CFRs) provide analysis and policy recommendations to strengthen countries' active participation at COP 28, which takes place in Dubai,...

Since French troops were ousted from Niger, questions have arisen about their potential new location. Earlier this week, a Nigerien media outlet issued a warning that a French military base was being established near Kandi, in the Alibori department to the north of neighboring Benin, with which relations had become tense since the July 26 coup. This information was subsequently reported by the...

Sixty-five startups in Africa have now reached the status of scale-ups, having exceeded a valuation of $50 million, according to a report issued on September 21 by Startup Genome. The report emphasizes that a scale-up is an intermediate level between startups and unicorns, which are companies with a valuation over $1 billion. Usually, a startup achieves this level only after...

The French African Foundation (FAF) kicks off the third edition of its Young Leaders program, from October 2 to 5 in Paris, with young visionaries from a wide range of sectors coming together for a resilient, prosperous and action-oriented Africa. The French African Foundation announces the launch of the third edition of its iconic Young Leaders program. The event will be held in Paris from...