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Morocco’s car manufacturing platform strengthened by new comer

Morocco, as a car manufacturing platform, has been strengthened by a new comer, the Chinese world leader in electric car making, BYD group. Following suit to French automakers Renault and Peugeot, BYD group decided to establish an electric car factory near Tangier, a decision that falls in line with the strong resolve of King Mohammed […]

Morocco Supports Social, Economic Projects in Côte d’Ivoire

Morocco and Côte d’Ivoire are bound by an enduring alliance underpinned by south-south cooperation and a co-development approach. The visit paid by King Mohammed VI to Abidjan, which started on Sunday, is reflective of the keen interest attached by the two leaders to overseeing the social and economic development projects launched in Côte d’Ivoire with […]

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Congo-Brazzaville: Dangote opens the biggest cement plant in central Africa

The Lagos-listed cement giant Dangote group owned by Africa’s richest man Aliko Dangote has officially opened a $300 million cement production plant in the Republic of Congo, the group said in a statement. The plant, which has a production capacity of 1.5 million metric tons per annum, is located at the Mfila area of capital […]

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Angola, South Africa supress entry visa for their respective nationals

South Africa and Angola have concluded a visa exemption agreement under which ordinary passport holders are not required to obtain a visitor’s visa for visits shorter than 30 days. The move comes a day after Angolan president Joao Lourenco arrived in South Africa for a two-day state visit aimed at strengthen cooperation between the two […]

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South Africa expects investments from BRICS countries

South Africa’s energy minister David Mahlobo on Tuesday told parliament that the government is looking to its BRICS partners to help build a new 400,000 barrel per day refinery in the southern African nation. South Africa is at a tipping point regarding its refining capabilities, the minister said. The cost of the new refinery was […]

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Nigerian economy grows 1.4% in Q3 2017

Africa’s largest economy grew 1.4 percent year-on-year in the third quarter, the statistics office said on Monday.Data published by Nigeria’s National Bureau of Statistics (NBS) on Monday shows that the economy grew 1.4 in the third quarter of 2017. The new growth signals the start of a permanent turnaround in the country’s economic fortunes after […]

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Moroccan Economy Offers Platform for French Companies Willing to Invest in Africa- French PM

French Prime Minister Edouard Philipe said that the Moroccan economy offers a platform for French companies willing to invest in Africa notably in fields relating to services, finance and trade. Philipe, who was speaking at the Moroccan-French Business Forum, which he co-chaired along with Head of the Government Saad Eddine El Othmani, highlighted the importance […]

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Senegal’s national carrier inks order for A330neo

Air Senegal, the new flag-carrier of Senegal, has signed a memorandum of understanding to buy two Airbus A330-900neos plus two options at the Dubai Airshow, local media reported. Created in April 2016, Air Senegal is part of the Senegalese government’s air hub project, seeking to make of Dakar the first regional air hub in West […]

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Dangote sells two of his Nigerian noodle plants

Dangote Noodles Limited, a unit of Nigerian company Dangote Flour Mills, has sold two production lines for $12.26 million, the company said on Tuesday. The company, controlled by Africa’s richest man, Aliko Dangote, said the two units were sold to rival pasta maker De United Foods Industries. The purchasing company will continue marketing the products […]

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Côte d’Ivoire eyes about 400,000 tons of cotton this year

Côte d’Ivoire’s Cotton and Cashew Council on Thursday announced that the West African nation is expecting to harvest about 400,000 tons of cotton this year, an increase of 60,000 tons compared to the previous season. According to the head of the council, the forecast is based on the good rainfall and better government support through […]

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