Category: Business

Zanzibar eyes resources, ICT sectors to diversify economy away from tourism

August 5, 2023

Zanzibar has put 12 new oil and gas exploration blocks up for grabs, which in line with President Hussein Mwinyi’s $2.4 billion plan to entice ... Read More

Guinea gives mining companies until August 31 to return export proceeds

August 4, 2023

Guinea authorities, Thursday August 3, gave August 31 ultimatum to mining companies operating in the country to repatriate at least 50 per cent of their ... Read More

China’s Sentury to launch construction works of Morocco’s first tire plant this August

August 4, 2023

Sentury Tire, a Chinese tire manufacturing giant, will build a first Morocco tire facility in the North of the country, 35 km from Tanger-Med port, ... Read More

Bayt Mal Al-Quds Asharif Agency to empower city’s families through small-scale productive projects

August 4, 2023

Rabat-based Bayt Mal Al-Quds Asharif Agency will support and empower Al-Quds families through small-scale productive projects under an agreement signed Wednesday with Al-Quds Governorate. The ... Read More

Niger’s coup aborts Algeria’s pipeline dream

August 3, 2023

The military coup in Niger has added political instability to terrorism risks in a region beset with violent extremism and weak states making Algeria’s ambitions ... Read More

IFC accords $150m loan to Olam to boost palm oil production in Gabon

August 3, 2023

The World Bank’s private sector financing arm, International Finance Corporation (IFC), has provided a credit package of $150 to Olam Palm Gabon, the subsidiary of ... Read More

EAC’s strategic partnership with EU helps boost its agri-exports to bloc

August 3, 2023

The East African Community (EAC) last year exported agri-food products worth a staggering 2.16 billion Euros to the European Union, according to a recent report ... Read More

Kenya, Uganda revive SGR railway extension deal, mull joint resource mobilization

August 3, 2023

The governments of Kenya and Uganda have now revived the plans to build a standard gauge railway (SGR) between them, with each of them pursuing ... Read More

Tourism: ONMT partners with Wego to promote Moroccan destination

August 2, 2023

Moroccan National Tourism Office has partnered with Wego, a leading online travel marketplace in the Middle East and North Africa (MENA), to promote the Moroccan ... Read More

Egypt, Turkey keen to boost trade to $15 billion over next five years

August 2, 2023

Egypt’s Minister of Trade and Industry Ahmed Samir, Tuesday August 1, as he began a trip to Turkey announced that the North African country plans ... Read More