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Gambia, Morocco sign agreements at joint cooperation commission

Business /

Republic of The Gambia and the Kingdom of Morocco signed several cooperation agreements and memoranda of understanding on the sidelines of the 3rd session of the Joint Cooperation Commission between Morocco and The Gambia. The session was held under the co-chairmanship of the Minister of Foreign Affairs, African Cooperation, and Moroccan Expatriates, Nasser Bourita, and his Gambian counterpart, Mamadou Tangara. One of the agreements concerns mutual assistance between the customs administrations of both countries to enforce customs legislation and prevent, investigate, and suppress customs offences. Another agreement was signed in the field of maritime fishing to establish a framework for cooperation between the two parties in various areas of maritime fishing, including fishing, technical and scientific research, aquaculture, fish processing industries, and promoting partnerships in the private sector of maritime fishing.

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Ivory Coast beats defending champ Senegal on penalties

Africa /

A week ago it looked as if the Ivorians were set for a humiliating group-stage exit from their own AFCON, but now they are into the quarter-finals after beating Senegal 5-4 on penalties following a tie that finished 1-1 at the end of extra time. The Elephants scraped into the knockout phase with the worst record of the four best third-placed sides to advance, after finishing the first round with a humiliating 4-0 loss to Equatorial Guinea, their heaviest ever home defeat. They followed that by sacking veteran French coach Jean-Louis Gasset and trying unsuccessfully to bring in former boss Herve Renard on a short-term deal. But instead former player Emerse Fae was appointed on an interim basis, hoping to rouse a shell-shocked team for a daunting tie against the holders.

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Nigerian Stock market’s turnover hits 10-year high

Business /

Total turnover at the Nigerian equities market rode on the back of intense bargain-hunting to its highest in a decade. The market performance was driven largely by increased transactions by institutional and individual Nigerian investors amid optimism that ongoing economic reforms would lead to improved returns. Official report by the Nigerian Exchange (NGX) at the weekend indicated that total transactions at the equities market rose by 53.94 per cent to N3.578 trillion by the year ended December 31, 2023 as against N2.324 trillion recorded the previous year. The previous highest turnover was in 2014 when the market recorded transactions worth N2.676 trillion. The lowest turnover was in 2016 with total transactions of N1.511 trillion. It had dropped from N2.168 trillion in 2020 to N1.899 trillion in 2021. Transactions over the years included N1.928 trillion in 2019, N2.404 trillion in 2018, N2.543 trillion in 2017, N1.906 trillion in 2015 and N2.051 trillion in 2013. The record surge in transactions’ value further underscored that the record-breaking price appreciation at the Nigerian market was underpinned by strong demand.

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