CFC building

Several international firms competing for $1.5 bln Casablanca Airport expansion

A total of 28 international firms are bidding for the $1.5 billion Casablanca Airport expansion, according to Moroccan press reports. The list of the bidders includes 4 Moroccan companies, 14 Chinese firms, 5 Turkish companies, and 1 company each from Spain, Egypt, India, Greece, and Switzerland. In preparation for the 2030 World football Cup which […]

Algeria: Madame Maya convicted to 12 years in prison

Known as “Madame Maya”, the Algerian businesswoman, who passed herself off as the hidden daughter of former President Abdelaziz Bouteflika, was sentenced Wednesday to 12 years in prison.   An Algiers court also fined her six million dinars ($47,000) and ordered the confiscation of her properties, the official news agency APS said. It said Zoulikha […]

Ghana Eyes $3 billion Investment by Diaspora

Ghana’s Finance Ministry is targeting to raise $3 billion in funding from its diaspora, through African Sankofa Account to fund economic development in the West African nation. The government will structure the investment vehicle to offer better rates to depositors, Finance Minister Ken Ofori-Atta said. He said the initiative was dictated by government’s quest to […]