BCIJ

Burkina Faso: AfDB allocates €48.82 million for a power plant

The African Development Bank (AfDB) has just allocated €48.82 million to Burkina Faso for the construction of a solar plant. The funding was allocated in the form of a loan to build a 52 MW power plant as part of the bank’s “Desert to Power 2020-2024” initiative. Upon completion, the plant will provide energy to […]

Egypt: 3month successful stock market gains ends

Stock markets in Egypt suffered another major loss with fingers pointing at different reasons after a successful 3month recording of gains. The main index slide by 3,5% but the Egyptian pound rose against the US dollar. Investors are skeptical about Egypt’s future especially with the fast approaching May presidential elections coupled with the continuous violence […]

Morocco, key hotspot for hotel expansion in MENA region

Morocco is the next hotspot for hotel expansion in the Middle East and North Africa region, with an influx of hotels set to open in the next few years, said Hotelier Middle East on its website. The website, specializing in the hotel business, featured statements by leading hotel operators in the region such as Hilton […]