Courtesy of Bloomberg, a report that – after decades of optimism about the region – global giants such as Bayer, Nestlé and Unilever are cutting back: Nestlé SA in August shuttered production of Nesquik chocolate milk powder in South Africa, citing falling demand. A year ago, Unilever Plc pulled the plug on the manufacturing of home-care and skin-cleansing […]
Read more »Via Zawya, a report that Saudi Arabia is looking to launch a new airline with an Africa focus: Saudi Arabia is reportedly looking to launch a new airline, which will focus on serving the African market. The airline will launch in Riyadh, with the aim of supporting tourism and investment in the kingdom and the […]
Read more »Benin has been making moves to position itself as a culture hub in the West African subregion with a series of arts festivals. Next week the second edition of the Benin International Arts Festival will take place in its largest city, Cotonou, alongside events in Ouidah and Porto-Novo. The festival promotes African creativity around music, […]
Read more »The long-term stability of Equatorial Guinea is at risk as its oil production drops and Vice President Teodorin Obiang, heir apparent to the presidency, continues to show “erratic behavior” and make “arbitrary decisions.” Bloomberg reports on the case of two South African oil workers jailed in the central African country for drug smuggling as the […]
Read more »Via Global Finance, a look at whether Egypt and Morocco can keep driving the region’s economic growth? North Africa is the fastest-growing region in the Arab world and Africa. In 2023, the combined gross domestic product of Mauritania, Morocco, Algeria, Tunisia, Egypt and Libya increased by 4.2%, compared with only 1.6% for the […]
Read more »Via Global Finance, an article on Bahrain’s big plans for development, but its geographic position is both a blessing and a curse: Bahrain was once favored to be the leading financial center of the six-member Gulf Cooperation Council (GCC). Dubai has since seized the title, and other jurisdictions in the region—including Abu Dhabi, […]
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