Botswana threats to severe ties with diamond giant De Beers

Botswana’s President Mokgweetsi Masisi has warned that his country may sever ties with diamond giant De Beers if talks to renegotiate a sales deal prove unfavorable to his government, AFP reports. Masisi also called on the nation to rally behind his government as it tries to hammer out a better deal. The country is Africa’s […]

Japan’s Furukawa Opens Optical Fiber Plant in Tangier

Japan’s Furukawa Electric opened in Tangier Automotive City a plant specializing in optical fiber, the first for the Japanese giant in North Africa and the Middle East. The plant was built for a cost of 200 million dirhams over a surface area of 31,000 square meters and is expected to create 200 direct jobs. “Furukawa’s […]

Egypt: al-Sisi almost doubles minimum wage few weeks ahead of controversial constitution amendments

Egyptian President Fattah al-Sisi Saturday shot up the minimum wage by 67 per cent from 1,200 Egyptian pounds ($69.27) to 2,000 ($115.74) per month as he embarks on extending his stay in power. The Egyptian leader speaking at a women event said the decision was expected to come late June. As part of the decision, […]