Algiers Mosque Project

Kenya Airways, South African Airways joint venture faces regulatory headwinds

The partnership between Kenya Airways and South African Airways, which want to form a pan-African airline, will be treated as a merger on the back of the effect that the joint venture will have on competition in the region, the COMESA Competition Commission (CCC) has said. Kenya’s flag carrier operates in countries that are members […]

Morocco seeks 60,000 tons of rail for Marrakech TGV

Morocco has launched a tender for 60,000 tons of rail to extend Africa’s fastest train to Marrakech. Morocco has inaugurated the high-speed train, known as TGV or Bourak in Arabic, in 2018 linking Casablanca to Tangier. The new railway would cost 612 million dirhams ($62 million), Moroccan state-owned rail operator ONCF said. Morocco’s extension of […]

Inflation-hit Zimbabwe launches new gold-backed currency

Zimbabwe has finally launched a gold-backed currency to bring down inflation, ending a decade of dollarization. The new currency or Zig- standing for Zimbabwe Gold- is the latest attempt to end hyper-inflation in the country which lasted for 25 years. Zig is intended to be a market-determined exchange rate, said Zimbabwe’s central bank governor while […]