Africa / News

EBRD 2022: Auto components manufacturing starts shift from war-afflicted Emerging Europe to North Africa

Clare Nuttall in Marrakech May 12, 2022

OEMs have asked manufacturers of cable harnesses to move to safer locations, such as Morocco and Tunisia.

EBRD 2022: Board of governors walk out after Russians insist on speaking

Ben Aris in Marrakech May 11, 2022

The majority of the delegates at a closed session of the EBRD board of governors walked out of the hall when the EBRD’s Russian director Sergey Verkashanskiy insisted on speaking at the annual meeting in Marrakech on May 11.

EBRD 2022: Living in a time of turbulence

Ben Aris in Marrakech May 11, 2022

The war in Ukraine is spilling out to affect the economies of the entire catchment area of the European Bank for Reconstruction and Development, which includes Emerging Europe, Central Asia and North Africa.

MENA countries’ stances vary as Russia-Ukraine war escalates

bne IntelliNews March 7, 2022

The recent Russian invasion of Ukraine is having a disruptive economic impact on the MENA region by driving up global wheat prices, which will impose yet more financial burdens on an already cash-strapped Egypt, the world's largest wheat importer.

Global grain supplies in danger as war in Ukraine hits production and delivery

bne IntelliNews February 28, 2022

Prices for wheat in the global grain market have already soared to decade-long highs as the war in Ukraine shuts down ports and threatens to disrupt the harvest.