Home » Archives by category » Business (Page 2)

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 […]

Read More

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 […]

Read More

China Yunhong Group to invest over $300 million in Burkina Faso

In Burkina Faso, Chinese industrial giant, China Yunhong Group plans to invest about 200 billion FCFA (about $336.6 million) over the next five years in the West African nation. The information was disclosed during a meeting between the company’s CEO, Li Yubao, and President Roch Marc Christian Kaboré. Li Yubao said his group’s planned investments […]

Read More

Benin to modernize its 300-hectare transit port

Benin to modernize its 300-hectare transit port

The government of Benin has announced plans to upgrade its major port in capital Cotonou to make it more competitive, reported AFP news agency. The 300-hectare transit port is the economic heart of Benin, handling an annual freight volume of around 12 million tons. It contributes more than 60% of GDP and mobilizes more than […]

Read More

China lifts its beef ban on South Africa

China lifts its beef ban on South Africa

outh Africa has resumed beef exports to China after an outbreak of the highly contagious foot and mouth disease (FMD) in Vhembe, a northern district of Limpopo province halted trade. In January, The World Organization for Animal Health has officially suspended South Africa temporarily as an exporting country until the affected area is free of […]

Read More

Niger to open export-processing zone

Niger has announced a plan to set up an export-processing zone to become more attractive and indirectly increase its economic comfort. According to communiqué released by the government, the main interest in creating a free zone in Niger is to stimulate economic growth and reduce poverty. “The development of a free zone is an important […]

Read More

South Africa: unemployment hits 29%, 11-year high

South Africa: unemployment hits 29%, 11-year high

Unemployment rate in South Africa has jumped to its highest since the global financial crisis more than a decade ago, data showed on Tuesday. The increase in joblessness was preceded by a sharp rise in jobless claims from the Unemployment Insurance Fund (UIF) between 2018 and 2019. Claims rose 21% to 9.2 billion rand, the […]

Read More

King Mohammed VI’s 20-year Reign: Ambitious Reforms & Great Infrastructures

As Moroccans prepare to celebrate on Tuesday July 30 the twentieth anniversary of the accession of Mohammed VI to the throne, much has already been written on the undeniably positive record of these years of rule. On top of this record, lies the quality of the relationship between King Mohammed VI and the Moroccan people […]

Read More

Liberia President George Weah eyes new agricultural bank

Liberia’s President George Weah has announced that his government was contemplating the establishment of an agricultural bank. He underlined that his government is committed to transform the lives of Liberians through decisive implementation of the national development framework, the pro-poor agenda for prosperity and development. According to AfDB President Akinwumi Adesina, the African Development Bank […]

Read More

Renault to start assembling, distributing two models in Nigeria

French automaker Renault announced Thursday it reached a deal with a Nigerian local partner for the production and distribution of its “Logan” and “Duster” models. Lagos-based Coscharis Group will provide its plant for the production and distribution of the Renault vehicles through its sales network in the West African country. “With a population of over […]

Read More