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OCP Group’s JESA subsidiary wins $403 million contract in Benin

The joint venture between OCP Group and Jacobs Engineering Group of the United States (JESA), has just signed a contract with the Millennium Challenge Account-Benin II (MCA-Benin II) covering the 2017-2022 period. Benin’s second Grant Compact, worth $ 403 million, including $375 million as a grant, will finance an Electricity Power Program. The aim is […]

Morocco’s OCP Group to Help Ghana Develop Fertilizer Industry

After launching successful partnership operations with several African countries, Moroccan OCP Group, the world’s largest exporter of phosphates, has been chosen by the Government of Ghana to help it carry out its new Fertilizer Expansion Program (GFEP). A Memorandum of Understanding (MoU) was signed lately by the two sides. The OCP group pledged to work […]

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Sahara Population Benefits from EU-Morocco Farm & Fisheries Deals (EU Commissioner)

The returns and profits gained by the population living in the southern provinces of Morocco from the agriculture and fisheries accords were highlighted Tuesday at the EU Parliament by Commissioner for Economic & Financial Affairs Pierre Moscovici. During debates on renewal of EU-Morocco Farm accord at International Trade committee (INTA), Moscovici said the new agreement […]

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Nigeria hits MTN with $8bn bill, shares plunge

MTN Group shares on Thursday plunged to the lowest level since 2009, a day after the Nigerian central bank ordered Africa’s largest wireless carrier to return $8.1 billion it says were repatriated improperly over eight years. The demand by Nigeria’s central bank comes two years after MTN agreed to pay more than $1 billion to […]

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South African malls reopen after bomb threats

South Africa’s biggest shopping malls — the Mall of Africa located between Johannesburg and Pretoria, and the Sandton City mall — have been shut down and evacuated due to a bomb threat on Wednesday. Both malls resumed activity later in the evening after police found no explosive devices at either location. The bomb threat is […]

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Beijing Summit to Boost Sino-African relations

The upcoming Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) will be an important opportunity to deepen Sino-African cooperation, officials said on Monday. The summit themed: “China and Africa: toward an even stronger community with a shared future through win-win cooperation”, will be convened in Beijing in Sept 3–4. African leaders, representatives of African […]

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Kenya emerges as Africa’s top avocado exporter

Kenya beats South Africa to emerge as Africa’s top avocado exporter, Africanews reported. According to Food and Agricultural Organization, the East African nation produces an average of 191,000 tons of avocados per year, and is ranked the largest producer in Africa followed by South Africa. Mexico is the largest producer of avocados in the world […]

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Tunisia’s equal inheritance law to boost female entrepreneurship – IFC

Tunisia’s parliament will soon debate a controversial bill to grant equal inheritance rights to men and women in the North African country, President Essebsi said last week. Under the current system, men receive twice the share of any inheritance granted to women. According to IFC, the new inheritance law that will grant men and women […]

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Nike stores closed in South Africa over “racist” web post

Several Nike stores in South Africa were shut down Wednesday after a video went viral Tuesday showing a Nike employee’s husband making a racist comment. In the video, Adam Catzavelos, who is married to Kelly Catzavelos, a brand merchandise manager for Nike Africa, describes a beach in South Africa as “heaven on Earth” because there […]

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Morocco’s SGTM secures 420 MW dam deal in Cameroon

The Belgian company BESIX, in partnership with French company NGE and Moroccan company SGTM have been awarded a contract to design and build 420 MW Nachtigal hydroelectric power station in Cameroon. Located on the River Sanaga about 65 km north of Yaoundé, the new hydroelectric dam is expected to increase the country’s electricity generating capacity […]

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