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. […]
Business
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. […]
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 […]