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