In Addis Ababa, a major meeting on the future of Africa’s biggest hydroelectric dam— (GERD)—has ended without agreement. This is the fourth meeting in the latest efforts by water ministers from Ethiopia, Egypt and Sudan to find a resolution to the tensions over the project. The dam is under-construction on Ethiopia’s Blue Nile, a main […]
The recently-launched Saudi-Egyptian Investment Company (SEIC) has reportedly added three other Egyptian listed company to its portfolio after acquiring fertilizer giant MOPCO. Abu Qir Fertizilers and Chemical Industries, Alexandria Container and Cargo Handling and E-Finance for Financial and Digital Investments are the companies, Zawya reports citing Egypt’s planning ministry’s website. SEIC also reportedly acquired 25 […]
Morocco, which is already operating the Mediterranean’s largest container Port, Tanger Med, is poised to inaugurate another deepwater port dubbed Nador West Med, which would further strengthen the country’s role at the heart of global maritime traffic. While Tanger Med has a nominal capacity of 9 million containers, Nador will start with a capacity of […]
