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Egypt, Japan sign $301m agreement to finance Cairo Metro’s 4th line

Japan will release to Egypt $301 million to finance the implementation of phase one of Cairo Metro’s fourth line. The related agreement was signed between Egypt’s Minister of International Cooperation, Rania El-Mashat and the Minister of Transport, Kamel El-Wazir, and Japan’s Embassy in Egypt and the Japan International Cooperation Agency (JICA), Mubasher reports. The funds […]

Morocco’s ONCF draws investors’ interest at AfDB’s Africa Investment Forum, commitments exceed $14 billion

Morocco’s railway operator ONCF has presented a “strategic” plan to expand the service for a total cost of 8.8 billion dollars, in a project that drew interest of investors offering up to 14 billion dollars, head of the African Development Bank chief Akinwumi Adesina said. The project was a “big success” for Morocco, Adesina said […]

Moroccan-Spanish industrial & trade cooperation reviewed in Madrid

Prospects for bolstering industrial and trade cooperation between Morocco and Spain were reviewed at a meeting in Madrid Friday that brought together the two countries’ Industry and Trade Ministers Ryad Mezzour and Reyes Maroto. The meeting was an opportunity to draw up a positive assessment of bilateral cooperation in industrial and business realms, in light […]