Spanish FM Josep Borell Bourita rabat

Kenyan MPs demand more details on secret $5bn railway loan deal with China

Some Kenyan lawmakers are demanding to see more documents from a secret $5bn loan agreement with a Chinese bank that financed a cross-country railway, with critics of the deal blaming the government of the day for having given too much legal authority to China. The 2011 agreement was shielded from public view until Kenya’s transport […]

China’s OPPO mulls plans to set up $20m worth smart phone producing factory in Egypt

Chinese consumer electronics manufacturer OPPO is considering setting up a smart phone producing plant in Egypt with a total investment of $20 million, the CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba said Sunday. The venture Heiba added during a meeting with Prime Minister Mostafa Madbouly will generate 650 jobs. […]

Raytheon Technologies to supply Morocco with fighter jet engines

The US Air Force has awarded aerospace and defense company Raytheon Technologies a $212.05 million contract to meet Morocco’s order for military aircraft engines, reports say, citing the Department of Defense. The Massachusetts-based company will manufacture F100-PW-229 install engines through its Pratt & Whitney business, at Hartford, Connecticut. Delivery is expected in 2025. The State […]