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Rwanda eyes over $96 million from tea exports in 2019-2020

The government of Rwanda is expecting to earn 93 billion Rwandan francs ($96.5 million) from the export of 34,000 tons of tea in 2019-2020. Rwanda earned $90.5 million from tea exports in 2018, a 7.4 percent increase from 2017. Over the same period, coffee accounted for $68.7 million worth of exports, up 7.2 percent from […]

Ghana inks $2.6 billion Agreement for a Sky train project

Ghana inks $2.6 billion Agreement for a Sky train project

Ghana has signed a $2.6 billion Concession Agreement with South African firm African Investment SkyTrain Consortium to construct a world-class mass transport system in the city of Accra. The MOU was signed on Monday on the sidelines of the ongoing Africa Investment Forum (AIF) in Johannesburg, South Africa. The deal was signed in the presence […]

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Ivanka Trump Hails Morocco’s King Leadership on Critical Issue

Ivanka Trump, daughter and senior advisor to the US President, has praised the leadership of King Mohammed VI on critical issues such as peace and security in the Middle East, as well as to ensure peace, stability and development for Africa. In a joint press release issued Friday following the three-day visit paid to Morocco […]

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Air France to return in Liberia from 2020

Air France has announced the return of its flights to Liberia almost 5-years after the French carrier left the West African nation. The main reasons that prompted Air France to quit the Liberia route five years ago was “the bad nature of the runway at Monrovia’s Roberts International Airport,” the airline said. Another reason was […]

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Rwanda: Volkswagen electric cars hits Kigali streets

Volkswagen has started importing electric powered Golf models into Rwanda for a local ride-hailing service, local media reported. VW already assembles cars in the East African nation and intended to test infrastructure and performance in the region’s climate. According to VW’s Africa boss Thomas Schaefer, the plan for Africa is that ultimately, “we replace the […]

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Egyptian smartphone maker SICO to start exports to Germany

Egypt’s first smartphone maker, SICO, will begin exporting its devices to Germany in November as part of its expansion plan to sell its products in Europe, the group said. SICO which already exports to the Gulf manufacturers a range of 3G/4G mobile phones and smartphones which include the Nile X smartphone which is manufactured by […]

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Rabat-London Ink Post-Brexit Association Deal

To ensure continuity of its trade and economic relations after the Brexit, the United Kingdom signed on Saturday in London with Morocco an Association agreement, building on the two countries deep cultural, political and economic ties Signed by UK Minister of State for North Africa Andrew Murrison and Moroccan Foreign Minister Nasser Bourita, the agreement […]

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Morocco among three top African nations for doing business

Morocco was listed along with Mauritius and Rwanda as the top-performing African economies in the “Doing Business 2020” report released Thursday by the World Bank Group. Morocco improved its spot jumping 7 spots in the listing to take the 53rd place amid 190 countries. Morocco has maintained its third position behind Mauritius, which ranks 13th […]

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Morocco’s King Stresses Importance of Justice in Promoting Investment & Entrepreneurship

King Mohammed VI has stressed the crucial role justice and the rule of law in promoting economic growth, boosting investment, encouraging free enterprise and protecting entrepreneurship. In a message addressed to participants in the 2nd international conference on justice, organized Monday in Marrakech, under the theme “Justice and Investment: the Challenges and the Stakes”, the […]

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Transport: Kenya to open $1bn Chinese-built railway line

Kenya will soon open a new railway line to connect the capital Nairobi to the Rift Valley region, local media reported. Kenyan President Uhuru Kenyatta is expected to commission the extended railway line that is a key component of the proposed Mombasa-Nairobi-Malaba SGR project. The 120 km stretch has been built by the China Communications […]

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