Home » Archives by category » Zoom (Page 2)

Algeria: business tycoon close to Bouteflika in custody on graft charges

Algeria: business tycoon close to Bouteflika in custody on graft charges

A court in capital Algiers Monday has ordered the detention of a business tycoon close to former President Abdelaziz Bouteflika, on corruption charges. Mahieddine Tahkout, owner of Cima Motors, is accused of receiving favor from the National Agency of Development and Investment (ANDI), the University Student Welfare Authority (ONOU) and Algiers urban and sub-urban transport […]

Read More

Two African nations take seats on UN Security Council

Two African nations take seats on UN Security Council

Niger and Tunisia will join the United Nations’ Security Council as of Januray 2020 for a two-year period as non-permanent members. Seven candidates ran for five seats including Viet Nam, Saint Vincent and the Grenadines, El Salvador, Estonia and Romania. The vote took place on 7 June at the United Nations (UN) headquarters in New […]

Read More

Algeria: Former head of business council facing 18 months in prison

An Algerian prosecutor Monday demanded a court to hand 18 months in jail and around €800- fine to Ali Haddad, the former chair of the Algerian business council, arrested in March at the Tunisian border, reports say. Haddad, a business tycoon and close ally of former President Abdelaziz Bouteflika appeared in Bir Mourad Rais court, […]

Read More

Rwanda to launch a 2000-unit social housing project

Rwanda plans to build at least 2,000 affordable housing units, under a joint venture between Shelter Afrique, a pan-African housing finance institution, and the Development Bank of Rwanda (BRD). The project, worth $131 million, is developed by Rugarama Park Estate and Remote Group. It will have public parks, community buildings, shops and a market place. […]

Read More

France allocates Togo €14 million for waste management

The French Development Agency (AFD) approved €14 million in funding to the municipality of Lomé, to improve waste management in Togo’s capital. Lomé, a city of more than 1.4 million inhabitants, suffers from waste pollution problems. The capital city has only one landfill at Agoè Nyivé, where more than 280,000 tons of waste are sent […]

Read More

Africa’s free trade zone on the rails

The African free-trade zone came into effect on Thursday after the 22nd member country of the AU ratified the treaty last month, thus paving the way for the founding of the AfCFTA. The African Union (AU) hopes the agreement will create a continental $2.5 trillion market of 1.2 billion people and will be the biggest […]

Read More

Morocco & UK, a shared determination to boost cooperation

Secretary of state for Foreign Affairs Mounia Boucetta met, on Thursday in Rabat, with British secretary of state for International Trade Liam Fox on ways to strengthen and broaden cooperation between the Kingdom of Morocco and the United Kingdom. “This meeting was an opportunity to review ways to foster the relation between Morocco and the […]

Read More

South Africa: Italy-based power generation company to build a 140 MW wind farm

In South Africa, Enel Green Power RSA, a subsidiary of an Italian power generation and distribution group, has announced the commencement of construction of a wind farm in the Eastern Cape province. The plant according to the independent power producer (IPP) Enel, will have a daily capacity of 140 MW and commissioned in the second […]

Read More

Morocco’s King Hosts Jared Kushner, Senior US Presidential Adviser

King Mohammed VI conferred on Wednesday in Rabat with White House senior adviser Jared Kushner on ways of “strengthening further the long-standing, solid and multidimensional strategic partnership” existing between Rabat and Washington. According to MAP news agency, the Moroccan-US talks also covered latest developments in North Africa and the Middle-East region. On this occasion, the […]

Read More

Kenya: President Kenyatta’s housing project attracts $30bln investment

The affordable housing agenda of President Uhuru Kenyatta of Kenya has received investment offer of almost $30 billion (Sh3 trillion), way above the target of Sh2 trillion, principal Secretary, Housing Urban Development Charles Higa said. The project, which is part of President Uhuru Kenyatta’s Big Four Agenda, is expected to deliver one million housing units […]

Read More