hub africa forum 2

Tanger Med group revenue up 12.3% in 2024

Tanger Med Group, which manages the largest Mediterranean port, logistics and industrial zones, reported an annual 2024 revenue up 12.3% to $1.23 billion. The performance was largely on the back of higher container activity in the port, ranked 17th worldwide. Morocco’s Tanger Med port has widened the gap with other Mediterranean competitors, outperforming all with […]

MARSA MAROC PICKS RIKON FOR CRANE TRANSPORT PROJECT

Morocco’s leading port operator Marsa Maroc has awarded to Latvian RIKON firm the contract for the complex transportation of a fully assembled, German-produced Double Jib Level Luffing crane from the Port of Nador to the Port of Safi in Morocco.   The project involves the transport of the crane in a fully assembled state, a logistically […]

Egypt’s Central Bank:The Country’s Economy’s “Sluggish”

Egypt’s gross domestic product (GDP) growth rate continued to slow down in the first quarter of the 2013/2014 fiscal year to reach slightly more than 1 percent compared to 2.1 percent in 2012/2013, according to the Egypt’s Central Bank. Deputy CBE governor Ranaia al-Mashat said in his statement that economic activity remained sluggish in the […]