Morocco raised its automotive industry target to 1 million vehicle by 2025 in light of the positive results shown by the sector. Minister of Industry Moulay Hafid El Alamy voiced confidence in achieving such a goal, which could generate 200 billion dirhams. He said the current performance of Morocco’s car industry is moving at a faster pace to achieve the goal of 600,000 cars and 100 billion dirhams by 2020. In 2017, Morocco’s two leading car factories by Renault and PSA Peugeot in Tangier and Kenitra respectively achieved a joint output of 376,000, worth 70 billion dirhams. Between 2014 and 2017, total jobs created in the automotive sector rose to 83,845.
April 26, 2018 11:03 UTC
Home » Agri-Economics Finance 35 million euros to boost smallholder farming in DR Congo FinanceInvestmentLatest NewsSmallholder 35 million euros to boost smallholder farming in DR Congo 17 ViewsBy Oscar NkalaThe United Nations Food and Agriculture Organisation (UN-FAO) and the World Food Programme (WFP) have launched a new programme to help families that include returning former refugees rebuild their lives around agriculture in the Democratic Republic of Congo. The 35 million euro project, which seeks to empower women farmers and support peace-building initiatives in the war-torn North and South Kivu areas of the eastern DRC, will be funded through a donation from the German government. The two UN agencies will offer assistance that includes, farmer training, micro-financing for farming projects as well as numeracy, literacy, conflict-prevention and economic empowerment planning for women. FAO Acting Representative for the DR Congo Alexis Bonte hailed the initiative as a potential life-changer for the returning refugee families. The project is expected to benefit an estimated 180 000 people in the North and South Kivu provinces of the eastern DR Congo.
April 26, 2018 10:52 UTC
Part of the royal vision and strategy to modernize the public security services and enhance their efficiency, King Mohammed VI inaugurated Tuesday a new Specialized Training Institute housed under La Direction Générale de la Surveillance du Territoire (DGST), a counter-intelligence agency. The Specialized Training Institute, set up part of the development of the intelligence training system, is an integrated security complex, built over 35,000 square meters. The complex also has an armory that meets the required standards for sensitive security buildings, an ammunition warehouse, a shooting range, and a jumping course for the exercises and endurance training. The King also commended the spirit of mobilization, vigilance, and resolve shown by the DGST members in order to anticipate and defeat all terrorist and criminal conspiracies against the country. The monarch’s visit translated his resolve to provide the security body with all necessary means to fulfill its national and professional mission.
April 25, 2018 23:03 UTC
Counties North Rift dairy farmers pay less for animal feedsA worker offloads bags of dairy meal in Eldoret. photo | jared nyatayaDairy farmers are paying less for animal feeds as maize and wheat prices fall on oversupply leaving cereal growers with heavy losses. North Rift dairy farmers on Wednesday said they were accessing cheap fodder after maize prices declined to Sh1,400 per 90 kilogramme bag. “We can now mill our own animal feeds from the low cost maize and wheat produce that has cut down milk production costs,” said Joshua Melly from Cheboite, Nandi County. Wheat prices have dropped from Sh3,600 to Sh2,800 per bag as farmers rush to sell the produce in preparation for this season’s planting.
April 25, 2018 18:22 UTC
The Moroccan tourist city of Marrakech will host the joint annual meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in October 2021. The joint WB-IMF meetings bring together central bankers, ministers of finance and development, private sector executives, civil society, media and academics. The last time the Annual Meetings were held in Africa was in 1973, in Nairobi, Kenya. The Annual Meetings are usually held for two consecutive years at the two institutions’ headquarters in Washington, D.C. and every third year in another member country. The official signing ceremony for the 2021 Meetings in Morocco will take place during the 2018 Annual Meetings to take place in Indonesia in October.
April 25, 2018 17:15 UTC
An Algerian court Tuesday sentenced several nationals from Liberia, Mali and Guinea for their involvement in espionage operations for Israel, Anadolu Agency reported. Seven other defendants from Mali and Guinea were given 10 years in jail each for espionage for Israel, the Turkish news agency reported. They were arrested in possession of documents and communications equipment related to espionage for Israel. The prosecution has accused them of threatening Algerian national security, foreign espionage, and involvement in a criminal group as part of a collective project threatening national security, the Turkish-state run agency noted. The North African country bans its citizen from visiting Israel.
April 25, 2018 15:56 UTC
High profile keynote speakers, panellists, and investors opened the African Private Equity and Venture Capital Association’s (AVCA) 15th annual conference in top-performing North African economy, Morocco, on Monday. Morrocco is Africa’s biggest tourism destination, with tourism receipts topping $7 billion in 2017. The Moroccan economy grew by an estimated 4.4 percent in 2017, second only to Egypt, which grew 5 percent, according to data compiled by BusinessDay. Michelle Kathryn Essomé, Chief Executive Officer, AVCA, said “AVCA’s landmark annual global gathering comes at a time of consistent private equity deal activity and demonstrates that there is confidence in African private equity despite challenges in previous years. We believe in the power of private capital, and we will continue to serve as the catalyst and voice for PE in Africa.
April 25, 2018 15:56 UTC
Amid state-sponsored repression and social stigma, LGBTQ people across in the Middle East and North Africa are speaking out against homophobia and transphobia. A new multimedia project from Human Rights Watch (HRW) and the Arab Foundation for Freedoms and Equality (AFE) is seeking to amplify the voices of these human rights activists. Rashed, a 21-year-old transgender man from northern Jordan, was one of 18 activists from 10 Arabic-speaking countries who participated in the video series. Hajar explained how authorities in Morocco play on family dynamics to intimidate activists, using "family as a tool of repression." Hamed Sinno, a 30-year old gay musician from Lebanon, sent a message of hope to young LGBTQ people in the Mideast and North Africa in his video.
April 25, 2018 14:15 UTC
The two Libyan dignitaries’ meeting is part of Morocco’s mediation efforts to find a way out of the Libyan crisis, based on the Skhirat agreement. “We have never been so close to a consensus on many points of divergence”, Al-Mishri noted, stressing that there is now a “clear willingness” to emerge from the Libyan crisis. Morocco has a “clear and consistent” stance, which consists in supporting Libya, the political process in this country and the dialogue between the various parties, Bourita insisted. The UN has recently confirmed that the Skhirat agreement remains the only appropriate framework for resolving the Libyan crisis. The Arab League summit held mid-April in Saudi Arabia has also voiced support to efforts seeking to reach an agreement and end the Libyan crisis through national reconciliation in accordance with the Skhirat agreement.
April 25, 2018 09:22 UTC
Moroccan airports registered 1.85 million passengers in March, up 17.69% compared to the same period last year, Morocco’s airport authority (ONDA) said. The most significant increase was registered in passengers heading to South America, posting a 50.56 percent rise, followed by North America with 28%, ONDA said in a statement. Casablanca airport accounted 40% of global air traffic, up 10.23%, ONDA said. The number of passengers passing through the airports of the tourist hubs of Agadir and Marrakech increased by 34.47 percent and 25.76 percent, respectively. In 2017, the air traffic in Morocco grew 11.63 percent from 2016 to reach a record of over 20.35 million.
April 25, 2018 08:37 UTC
Woodside discovers new oil and gas prospects in GabonWednesday, 25 April 2018 06:51This is the second oil discovery of Woodside in Gabon. (Image source: Gary Bembridge/Flickr)Australia-based Woodside Petroleum, a prominent player in Africa’s oil and gas exploration activities, has discovered a new oil prospect offshore GabonIn its first-quarter report, Woodside said that the Boudji-1 exploration well in the Likuale (F14) Block1 intersected a 90-metre gross oil and gas column in high-quality hydrocarbon-bearing pre-salt sands. Following African governments’ ambitious plans to encourage and discover new oil and gas exploration wells throughout the continent, Woodside, along with other international oil and gas majors, have expressed interest in exploring Africa’s oil and gas prospects. Woodside also has a significant presence in North Africa’s oil and gas prospects. Speaking about exploring new oil and gas fields in Africa, Woodside said that it aims to support African governments in developing important deepwater oil and gas projects.
April 25, 2018 06:45 UTC
Image Credits:This article will be updated as information becomes available, last update: Wednesday, 25 April at 10:22. Marching to the Department of Labour, the Provincial Department of Health and the Premier’s Office. South with Simmonds, West into Anderson, North into Pixley Seeme up to Chamber of Mines. North with Pixley Seeme up to Department of HealthNorth with Pixley Ka Seeme, East into Prichard, North into Rissik, West into De Korte up to Department of Labour. West with De Korte, South into Bertha, South with Mandela Bridge, South with Ntembi Pilisi, West into Rahima Moisa up to Mary Fitzgerald Square.
April 25, 2018 06:45 UTC
Photo: GCISNorth West Premier Supra Mahumapelo. Residents in the North West remained adamant that the only way calm would be restored to the embattled province, was if Premier Supra Mahumapelo was fired. The problem will be solved," a resident in Delareyville, North West told News24. Community forum member and resident Pierre du Plessis said they were working with the police to restore calm to the area. According to Du Plessis, protesters carried knives and pangas and threatened locals.
April 25, 2018 06:22 UTC
Kitlano Leeuw, 17, was fatally shot through the head during protests in Taung, North West. Anna Leeuw, 50, was hit in the lower back moments after a suspected police live round shattered her son Kitlano’s head, killing him, as violent protests demanding the resignation of North West Premier Supra Mahumapelo escalated throughout the province on Tuesday. “We were all curious to see what was happening, so we walked along with the protesters near the bridge. On Tuesday the country’s biggest public sector trade union, Nehawu, announced its plans to move its secretariat to North West as from tomorrow to work with other organisations in the push for Mahumapelo’s removal. The ANC’s Hlomane Chauke said: “Everything around the Guptas is made or starts in North West."
April 25, 2018 05:03 UTC
‘Africa’s 88 upcoming oil and gas fields to receive more than US$180bn by 2025’Wednesday, 25 April 2018 04:00Africa is on a rapid pace to explore more oil and gas potential in the region. The seven planned and announced oil and gas fields in the southern African nation, Mozambique, are estimated to receive US$46.2bn between 2018 and 2025. Among them, deepwater Golfinho-Atum Complex, two ultra-deepwater fields Mamba Complex and Coral South are the top three conventional gas fields with capex being US$17.1bn, US$15bn and US$6.8bn respectively. The top three oil and gas fields in Angola are Orca, Kaombo Complex and Lucapa, with capex being US$7.1bn, US$5.1bn and US$3.4bn respectively. The African Renaissance Project pipeline and the Gasnosu pipeline, both in Mozambique, are the second and third-longest oil and gas pipeline respectively.
April 25, 2018 04:41 UTC