West, China must ‘urgently’ cooperate to avert Africa’s debt distress

The West and China should seek deeper cooperation over Africa’s debt conundrum in 2023, without which many countries on the continent will face debt distress and defaults, a new research paper by Chatham House warns. The report warns that although China’s lending to Africa did not cause the current African debt distress in most cases […]

Nador West Med: Marsa Maroc, TIL Ink Partnership Agreement

Marsa Maroc and Terminal Investment Limited (TIL), a subsidiary of Mediterranean Shipping Company (MSC), the world’s leading shipping group, signed a partnership agreement under which TIL will acquire a stake in the concessionary subsidiary of a container terminal at the port of Nador West Med. “Upon finalization of this agreement, which is subject to the […]

Chinese Company Wins Contract to Build Africa’s Tallest Skyscraper in Rabat

State-owned giant China Railway Construction Corporation (CRCC) has won the contract to build Africa’s tallest skyscraper in Morocco’s capital Rabat. The Chinese company said in a statement that it will build the 250-meter-tall edifice in cooperation with Morocco’s largest contractor, The General Construction Company of Casablanca (TGCC). CRCC said it will take responsibility for 60% […]