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Category: Business
Africa’s recovery and future will take center stage at IMF-WB meeting in Marrakech
There will be "a very strong focus on the African continent” during the annual meeting of the World Bank Group (WB) and the International Monetary ... Read More
East Africa’s weakening currencies don’t improve trade balances, defying economic theories
The depreciation of all domestic currencies in the East African region over the past year has not led — in a defiance of conventional economic ... Read More
Climate Technologies: U.S. Dalrada Corp. sets up subsidiary in Morocco
U.S. Dalrada Financial Corporation, a leader in climate technology, clean energy, and precision manufacturing, has announced the setting up of a subsidiary in the Moroccan ... Read More
Samsung gets golden license to set mobile phone factory in Egypt
Egypt Wednesday August 30 accorded South Korean tech giant Samsung a golden license to set up a mobile phone plant to produce, after the North ... Read More
Dozens of African countries in attendance at 3rd China-Africa Peace and Security Forum in Beijing
As many as 50 African States have sent officials to the third China-Africa Peace and Security Forum taking place in Beijing as part of China's ... Read More
Morocco completes first phase of major waterway
Morocco succeeded in connecting the water-rich Sebou basin with a dam in the Bouregreg basin that supplies Rabat and Casablanca. The project is planned to ... Read More
Tunisia on brink of default as government drags feet on reforms
Tunisia is now the African country facing the highest default risk as the government remains reluctant to implement reforms to be eligible for an IMF ... Read More
China Development Bank to support SMEs in Africa with $400-million loan to Cairo-based Afreximbank
The China Development Bank (CDB) and the African Export-Import Bank (Afreximbank) inked Monday August 28 a $400-mllion loan to be used to support the financing ... Read More
Côte d’Ivoire: Faman Toure re-elected chairman of Chamber of commerce and industry
Faman Toure, the outgoing chairman of Côte d’Ivoire’s Chamber of commerce and industry (CCI-CI), won Monday August 28 another six-year term in the position. Toure’s ... Read More
China eyes new arms markets, allies in West Africa amid waning French influence
China is making inroads into the West African arms market and is also looking to make new allies and build influence in the region amid ... Read More