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Category: Business
English Premier League to promote Egypt destination this season
The English Premier League (EPL) will this 2023-2024 season promote Egypt as a travel destination as part of the North African country’s efforts to attract ... Read More
Mastercard ventures into African fintech, snapping up $5.2bn stake in continent’s no.1 telco
Mastercard has acquired a minority stake in the fintech subsidiary of South African telecommunications giant MTN in a deal valued at a whopping $5.2 billion, ... Read More
Morocco poised to tap into phosphates reserves to produce uranium- Think Tank
Morocco sits on tremendous uranium reserves thanks to its world’s largest phosphates deposits that could help the country power its desalination plants and export surplus, ... Read More
African central banks’ rigid exchange rate regulation scrutinized by IMF
The International Monetary Fund (IMF) has slammed African central banks for their misguided currency regulation, especially with regard to the ineffective disposal of their foreign ... Read More
Burkina Faso strips off French company Meridian of new Ouagadougou international airport contract
Burkina Faso authorities have cancelled a concession deal with French company Meridian AM to design, build, finance, operate and maintain a new International airport in ... Read More
E-payment leader in Egypt to launch new digital bank by end of 2023
Fawry, Egypt's leading E-payment solutions provider, will turn its online payment portal “myFawry” into a digital bank in 2023, the country’s stock exchange market indicated ... Read More
Africa’s venture-capital market shrunk by whooping 40% in 2023, as startups struggle
The African venture-capital (VC) market witnessed a 40% drop in funding from the previous year in the first six months of 2023, reflecting cautious investor ... Read More
Bali to host 8th Hassan II Great World Water Prize on May 18, 2024
The 8th Hassan II Great World Water Prize will be held on May 18, 2024 in Bali, Indonesia, under the theme "Water resource security for ... Read More
Spiro, electric motorbike manufacturer, to expand fleet in Togo & Benin
Spiro, a leading electric motorbike manufacturer and clean energy provider in Africa, has landed $63 million loan from GuarantCo, a company in the Private Infrastructure ... Read More
China’s Huayou mulls $20 bln EV battery investment in Morocco’s Sahara
Huayou, a Chinese manufacturer of electric vehicles battery materials, would invest 200 billion dirhams or $20 bln in a plant in Morocco’s region of Laayoune ... Read More