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Morocco’s RAM to launch first direct flight to China

Morocco’s national carrier, Royal Air Maroc, has announced it will launch in January the first direct flight between the North African country and China that has become the kingdom’s tourism market target. The airline said the first flight will take off on January 16 next year. The expansion to China is part of the management’s […]

Morocco’s OCP, AUC & AUDA-NEPAD pool efforts to promote Agriculture in Africa

The African Union Commission (AUC), AUDA-NEPAD and Morocco’s OCP Group have just formed a tripartite partnership to support the development of the agricultural sector in Africa. The main purpose of this partnership is to facilitate effective coordination of the implementation and delivery of a set of goals as outlined in the African Union Malabo Business […]

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South Africa: ‘xenophobic’ attacks against foreigners’ property

The police in Johannesburg Monday said they have detained over 70 people believed to have attacked shops and cars owned by foreigners. Police managed to disperse dozens of people who looted shops and burned down cars believed owned by foreigners among whom several Nigerians. Events started earlier in the day as hundreds of people staged […]

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TICAD VII: Egypt strikes deal with Japan’s leading bank to boost mutual investments

Egypt’s General Authority for Investment and Free Zones (GAFI) has penned a Memorandum of Understanding with Japan’s top banking group in a move that will enable both sides to increase mutual investments, Zawya news reports. Egypt’s minister of investment Sahar Nasr according to the media made the announcement in a statement on Wednesday. The MoU […]

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Maroc Telecom strikes new deal with state for telecoms infrastructure development

Morocco’s leading telecommunication company, Maroc Telecom, has inked a new deal with the government to develop the kingdom’s telecoms infrastructure for the next three years. The deal, valued at 10 billion dirhams ($1 billion) targets provision of high-speed mobile broadband as well as fixed lines, the firm said in a statement.   The government currently […]

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Nigeria: Bahrain-based Lamar Holding to inject investment into Fintech startup TechAdvance

Bahrain-based energy investment Lamar Holding will invest $1 million into TechAdvance, one of Nigeria’s Fintech startups. The investment will help TechAdvance carry out its expansion program across emerging markets, Zawya media reports citing a statement of the Nigeria firm. Created in 2009, TechAdvance develops payments applications and transformation softwares. “The payments space in emerging markets […]

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Angola to privatize 86% of its public companies by 2022

The Angolan government plans to privatize 86% of its public companies by 2022.   According to Macauhub news agency, citing Vera Daves de Sousa, Secretary of State for Finance and Treasury of the Angolan Government, the State has sold 171 of its 195 public enterprises to private investors. Eighty of them should be sold by […]

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Cameroon to ban import of 50 products to boost local industry

Cameroon’s Ministry of Commerce has announced that the Central African nation would suspend the importation of about 50 products. The ministry is yet to provide details about the concerned products and the deadline for the implementation of the ban. According to local media, no less than 12 sectors are concerned, because of the excess nature […]

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Morocco’s Agentis starts building $50m hospital in the Côte d’Ivoire

Moroccan company Agentis has started the construction of a new regional hospital in Côte d’Ivoire.   The construction of the new regional hospital (CHR) in Adzopé, 100 km north of Abidjan, was launched by the head of state Alassane Ouattara, who welcomed the construction of this new facility as, he said, it “will fill a […]

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Namibia inaugurates 40-hectare Chinese-built port terminal

Namibia’s president, Hage Geingob has unveiled a new $200 million port terminal to double the country’s port capacity from 350,000 containers to 750,000 per year. With the extension, Namibia has now joined countries such as Australia, Brazil, Dubai and the Netherlands in the utilization of reclaimed land for port expansion, President Geingob said in his […]

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