Algeria: State-Owned IMETAL Takes over ArcelorMittal’s Shares in Three Companies

Algerian public company IMETAL specialized in metal work and steel industry took control on Sunday of shares of Indian giant ArcelorMittal in ArcelorMittal Algérie (AMA,) ArcelorMittal Pipes and Tubes Algeria (AMPTA) and ArcelorMittal Tebessa (AMT,) reports say. The deal has been in the pipeline since October last year. The Indian giant controlled 49 per cent […]

Uganda, Tanzania set new deadline for oil pipeline agreement

The governments of Tanzania and Uganda have committed to conclude discussions and sign the contentious Host Government Agreement (HGA) as well as reach Final Investment Decision (FID) for the crude oil export pipeline by June. The execution of the 1,445km stretch of underground crude oil pipeline from Hoima in Uganda to Tanga in Tanzania will […]

Morocco speeds up airport modernization push ahead of 2030 World Cup

Morocco is pressing ahead with a broad airport modernization program, including terminal expansions, digitalization and new transport links, as it prepares for rising air traffic driven by an increase in tourists ahead of the 2030 World Cup it will co-host. A new railway station will also be built to connect Casablanca’s main airport terminal directly […]