Economy

The Commissioner for Political Affairs, Peace, and Security of the Economic Community of West African States (ECOWAS), Abdel-Fatau Musah, has reiterated the organization’s commitment to continued collaboration with Sahel nations on security and humanitarian issues. In an exclusive statement to RIA Novosti, Musah emphasized the need for collective efforts to tackle terrorism in the region, saying: “Sooner or later, we …

Tunisia is participating in the World Economic Forum, which will be held in Davos, Switzerland, from January 20 to 23, 2025. The Tunisian delegation is headed by Minister of Foreign Affairs, Migration, and Tunisians Abroad, Mohamed Ali Nafti, and Minister of Economy and Planning, Samir Abdel Hafidh. On the sidelines of the forum, the Minister of Economy and Planning will …

Egyptian Foreign Minister Badr Abdel Aty praised yesterday, Saturday, the successful cooperation among Senegal River Basin countries in managing their shared water resources. Speaking at a joint press conference in Cairo with his Senegalese counterpart, Yassine Fall, he described it as a model to be emulated, expressing hope that similar principles of consensus, partnership, and prior notification could be applied …

Editorial: Africa Eye The Casablanca Wholesale Market for Fruits and Vegetables recorded exceptional performance in 2024, with a record supply of 1,600,000 tons of goods and revenues reaching 177 million dirhams, marking a 10% increase compared to the previous year. These results highlight the market’s resilience and strong governance despite climatic challenges. The modernization of infrastructure and collaboration among various …

Rwanda backtracked on Wednesday regarding an earlier announcement that oil had been discovered in Lake Kivu, explaining that it is still in the exploratory phase and seeking partners, The potential discovery would mark the first-ever oil find in this landlocked country in the Great Lakes region, “The good news is that we have oil,” said Francis Kamanzi, director of the …

Editorial: Africa Eye Domestic demand in Morocco experienced a notable rise of 5.4% in the fourth quarter of 2024, according to the High Commission for Planning (HCP), significantly supporting the country’s economic activity. This increase boosted the contribution of domestic demand to overall economic growth by 6.2 points. The HCP reported that household consumption continued to drive this growth, showing …

Editorial: Africa Eye Moroccan authorities announced on Thursday that the Kingdom has become the leading tourist destination in Africa in 2024, achieving an unprecedented record in the number of visitors. This statement was made by Mustapha Baitas, the official spokesperson for the Moroccan government, during a press conference held in Rabat. Baitas confirmed that Morocco welcomed 17.4 million tourists in …

Frédéric Samson SOHOUNDE, JOURNALISTE ET FORMATEUR A L’UNIVERSITE Entrepreneurship in West Africa, particularly in Senegal, is experiencing significant growth with the rise of startups and innovation initiatives. However, several challenges persist, often hindering their development and sustainability. These challenges, ranging from limited access to financing to inadequate infrastructure, are particularly pronounced in countries like Senegal, a major economic hub in …

Mamoudo samoura Senegal has officially joined the group of hydrocarbon-producing countries with the commencement of operations at the Sangomar oil field, located approximately 100 km south of Dakar. This project, led by the Australian company Woodside Energy, required an investment of 5 billion dollars and aims for a daily production of 100,000 barrels. In the long term, the country expects …