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Tunisia expects to receive 9 million tourists in 2019

Tunisia expects to receive 9 million tourists in 2019

Tunisian government said it is expecting 9 million tourists in 2019. About 2 million people had visited the country as of May 10, 24% up from last year. The country seeks to attract 1 million French tourists, 640,000 Russian tourists, and 390,000 German tourists this season. Last month, the Minister of Tourism Rene Trabelsi said […]

Mozambique Okays multi-million LNG project

Mozambique has approved the development of the multibillion-dollar Rovuma liquefied natural gas (LNG) project, ExxonMobil and ENI have confirmed. Exxon Mobil bought half of Eni’s 50 percent stake in the project two years ago for $2.8 billion. According to the president of Exxon, the development plan approval marks another significant step toward a final investment […]

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Morocco, Guinea sign cooperation deal in mining sector

Morocco and Guinea early this week signed a cooperation agreement in the areas of mining and geology. The agreement was initialed in Rabat by Moroccan Minister of Energy and mining Aziz Rabbah and his Guinean counterpart Abdoulaye Magassouba. The deal will pave the way for the elaboration a roadmap for cooperation in the fields of […]

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UAE investments in Egypt reach $6.66 billion in 2018

UAE investments in Egypt slightly went up in 2018 to reach $6.66 billion compared to $6.513 billion in 2017. The figures were disclosed by UAE ambassador to Cairo Gomaa Mubarak al-Junaibi during the fourth meeting of the UAE investors in Egypt. With a total of $6.66 billion investment last year, the UAE stands out as […]

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Microsoft launches $100m Development Centers in Africa

Tech giant Microsoft has launched a $100 million Africa Development Centre (ADC) with offices in Kenya and Nigeria. The program will support the recruitment of 100 full-time engineers by the end of the year, and 500 engineers by the end of 2023. The tech company is betting on African innovation in fields like fintech, agritech […]

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Zambia: Glencore plans to close two shafts, fires 2000 workers

Zambia: Glencore plans to close two shafts, fires 2000 workers

Zambia’s Mopani Copper Mines, owned by mine giant Glencore, plans to close two shafts at its Nkana mine in Kitwe. According to unions, the move could affect more than 2,000 workers. Mine Workers Union of Zambia (MUZ) President Joseph Chewe said the closure of the two shafts would affect 600 direct employees. Other union sources […]

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Peugeot to start production at its Kenitra plant

French car producer Peugeot Societe Anonyme (PSA) will launch in the second quarter (Q2) a new production factory, in Kenitra, 40 km to the north of capital city Rabat, with the first car to be unveiled as of July. PSA has pumped a total investment of MAD 6 billion ($620 million) into the project and […]

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Green Energy: Nedbank issues renewable energy bond

Nedbank, a local private bank in South Africa, has issued green bonds to support the development of four green energy projects in the southern African nation. The Nedbank’s initiative will support the construction of one wind farm and three solar farms. The Bank launched green bonds at the end of April 2019 to raise $117 […]

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Côte d’Ivoire awards Morocco’s Agentis contract to build two regional hospitals

Agentis, a Moroccan company distributor and manufacturer of medical devices has won a $97-million contract in Côte d’Ivoire to build two regional hospitals. Under the deal signed by Agentis boss Adil Mesfioui and Kobenan Koussi Adjoumani, minister of animal and fisheries resources on behalf of the Health Minister, the Moroccan company will build and equip […]

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BMW to source cobalt from Morocco, Australia instead of RDC

BMW to source cobalt from Morocco, Australia instead of RDC

German car manufacturing giant BMW has announced a plan to buy cobalt directly from mines in Australia and Morocco to ensure the metal purchased for its electric vehicles is sourced responsibly. The move of the Munich-based company follows London Metal Exchange’s supply-chain review addressing concerns that cobalt from the Democratic Republic of Congo used by […]

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