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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. […]

Africa-COVID-19: Worrying decline in remittances from the Diaspora

The United Nations Economic Commission for Africa is concerned about the alarming decline in remittances from African Diaspora. With the global economic crisis, these Diasporas are sending less money to their countries of origin. This year, the decline is expected to reach 21% or $18 billion less than in 2019. The anti-poverty organization ONE and […]

Norwegian company wins $2Mln deal to power 4 poultry plants in Morocco with solar energy

Norwegian company “Empower New Energy” has won a $2 million contract to equip four poultry plants of Zalar Holding with solar photovoltaic panels for the production of electricity. The project is developed in partnership with the experienced Moroccan renewable energy company – JET Energy. It is expected to generate 3800 MWh per year. This will […]