Egypt’s Central Bank:The Country’s Economy’s “Sluggish”

Egypt’s gross domestic product (GDP) growth rate continued to slow down in the first quarter of the 2013/2014 fiscal year to reach slightly more than 1 percent compared to 2.1 percent in 2012/2013, according to the Egypt’s Central Bank. Deputy CBE governor Ranaia al-Mashat said in his statement that economic activity remained sluggish in the […]

Morocco Receives First Batch of Abrams Tanks

Morocco received yesterday (Sunday) at Casablanca’s port the first batch of the US-made M1A1 Abrams main battle tanks, as part of an order of 250 similar armored tanks. Last May, Moroccan media reported that the US will deliver to the Royal Armed Forces 22 Abrams this summer. The first convoy of this heavy armored tank […]

Kenya-Tanzania power project moves forward to meet its 2020 deadline

The Kenya-Tanzania Power Interconnection Project has moved forward with the division of lots and the commitment of contractors to set up a 510km 400kV transmission line and accompanying substations. With the completion deadline set for 2020, the project is being implemented by the Tanzania Electric Supply Company (Tanesco) in collaboration with Kenya Electricity Transmission Company […]