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New development model should end oligopoly and foster fair competition – regulator says
The competition council called for putting an end to monopolies that created an oligopolistic situation in Morocco, citing the sectors of fuel distribution, banks, insurance companies and cement producers. In its annual report for 2019, the first since the council’s reactivation the same year, the council recommended for the new development model to break up […]
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 Sunday August 13, in a statement. The future bank will provide a variety of financial services, including payments, consumer lending, savings, and investments, the online payment firm indicated. Downloads of […]
Ethiopia to commission the Genale Dawa III hydroelectric dam
Ethiopian Deputy Minister of Water and Irrigation, Frehiwot Woldehanna has announced that the Genale Dawa III hydroelectric dam would be commissioned in the second half of 2019. According to China Gezhouaba Group Company (CGGC, the contractor in charge of the project, the dam will start supplying electricity to the national grid by the second half […]



