Trans-Saharan-gas-pipeline

Tire Industry: Chinese Qingdao to Build $297 Mln Plant in Morocco

Qingdao Sentury Tire Company is planning to build a $297 million radial tires manufacturing plant in Morocco’s northern city of tangier. The new investment shows that Morocco continues to attract foreign investors due to its political stability, geostrategic position, skilled manpower, connectivity and proximity to European, Mideastern and African markets. The Tangier tire factory will […]

Benin ‘greenlights’ exports of Niger’s oil following China’s mediation

Benin and Niger finally appear to have resolved their trade dispute following the mediation by the Chinese government, which has led Benin to lift the blockade preventing Niger’s oil export through its territory to China. Tensions between the two West African neighbors began last year after Niger’s ruling junta ousted the country’s democratically elected president […]

Afreximbank poised to help Senegal raise $500m

The African Export-Import Bank (Afreximbank) is in advanced discussion with Senegal’s oil refiner to raise $500 million in syndicated finance, a senior official of the bank told Reuters. The funds will be used to upgrade the company’s old refinery. Société Africaine de Raffinage (SAR), is the oldest refinery of West Africa. The company has recently […]