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Egypt Air to be restructured after almost $1bn loss

State-owned aviation company, Egypt Air Holding, will be undergoing a radical restructuring after it lost almost one billion dollar within 4 years. Sabre Airline Solutions, an airline advisory firm in Texas, has been contracted to help the company get back to its heydays. The plan is expected to last for five and half years. Egypt […]

Private Investors Flock to Morocco’s Water and Electricity Sector as ONEE Unveils New Plan

Morocco’s national water and electricity utility, ONEE, has approved a 2026-2030 equipment plan worth 177 billion dirhams for electricity and 42.1 billion dirhams for drinking water, with 72 percent of the total to be financed directly by the private sector, the utility’s board decided at a session in Rabat. The electricity component centers on accelerating […]

Zanzibar launches new Wasoko tech hub for start-ups

The launch of the Wasoko Innovation Hub in Zanzibar by African e-commerce company Wasoko, in partnership with the regional government, marks the latest milestone in its rapid growth journey, which saw the start-up named as Africa’s fastest growing company by the Financial Times in May 2022. Located in Fumba Town, the Wasoko Innovation Hub will […]