Home » Archives by category » Business (Page 2)

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

Nigeria’s oil minister seeks new funding options in Saudi Arabia

Nigerian Oil Minister Emmanuel Kachikwu and the president of Saudi Aramco on Tuesday discussed investment options in the midstream and downstream sector, Nigeria’s petroleum ministry said Wednesday in a tweet. Aramco officials and Kachikwu who was visiting Saudi Arabia discussed areas of shared investment interests such as refining and petrochemicals production, according to Reuters. Kachikwu […]

Read More

Kenya betting big on geothermal plants in Rift Valley

In Kenya, Chinese company Kaishan Renewable Energy Development has signed procurement, engineering and construction (EPC) agreement to build a $65 million geothermal power plant. The project called Menengai III geothermal is located in the Rift Valley in western Kenya. Nairobi-based Sosian Energy, an independent power producer (IPP) is in charge of the development of the […]

Read More

Egypt: private electricity producers gear up for the world’s largest solar installation

Oslo Stock Exchange-listed energy company, Scatec Solar, has commissioned a 65-megawatt photovoltaic power plant within the Benban complex in eastern Egypt. According to local media, the Norwegian company is preparing to build five additional power plants, with a total capacity of 400 MW, as part of this solar megaproject in the North African nation. The […]

Read More

Ghana unveils West Africa’s biggest Waste Recovery Park

Zoomlion, the company that manages waste in Ghana, has commissioned a recycling plant in the city of Accra. The plant, the first of its kind in the country, is built on a robust technology to suit Ghana’s weather conditions. With a daily capacity of 200 tons, the plant transforms waste into fertilizer and raw materials […]

Read More

China to build infrastructure as Uganda expects first oil production

The Chinese government has disbursed $134 million to build new infrastructure in Uganda, mainly roads, that are part of a network of over 700 km planned to service the country’s petroleum sites. According to Allen Kagina, director of the Ugandan Highway Authority, nearly 30% of the planned work would be carried out by local companies. […]

Read More

Washington Approves Sale of 25 F-16 Fighter Jets to Morocco

The United States has approved the sale to Morocco of twenty-five new F-16C/D Block 72 aircraft and related equipment for an estimated cost of $3.7 billion, the Defense Security Cooperation Agency said in a statement. The Agency said the North African country also proposed to buy equipment to upgrade its existing 23 F-16 fighter jets […]

Read More