French PSA Group’s Ecosystem in Morocco required a €280 million investment
PSA group’s new plant in Kenitra, inaugurated Thursday, June 20 at an official ceremony chaired by King Mohammed VI, has required a €280 million investment. […]
Business
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 […]
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 […]
South African companies eye investment in Angola’s oil sector
The South African Oil & Gas Alliance (SAOGA) is eyeing more investment in the Angola oil and gas sector to strengthen existing relations between the […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]