World Bank urges Mauritania to diversify economy for sustainable growth

The World Bank has urged Mauritania to adopt decisive reforms to safeguard macroeconomic stability and promote more inclusive and sustainable economic growth. In a statement shared on social media, the Bank stressed the critical need for economic diversification, highlighting the overreliance on the mining sector as a major vulnerability. It recommended that revenues from mining […]

China’s oil imports from Africa plunge amid shift to suppliers in Gulf, Asia and Russia — report

Africa once accounted for more than a third of Chinese oil imports, but now major African oil suppliers are struggling with declining production and exports to China that has found other markets due to geopolitical considerations, infrastructure issues, and domestic political problems, according to a recent report by the Carnegie Endowment for International Peace. China […]

Morocco: Italian Magneti Marelli to open shop in Tangier

The Italian car component producer will launch an automotive plant in the city of Tangier for the production of shock-absorbers for car and commercial vehicle. The plant will start production in 2019 and will create up to 500 jobs when in full flesh, by 2025. The project will necessitate a global investment of around 37 […]