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Egypt’s EGAS Signs $43m Oil Exploration Deal with Wintershall Dea

The Egyptian Ministry of Petroleum & Mineral Resources signed a new agreement with the Egyptian Holding Company for Natural Gases “EGAS” and the German company Wintershall Dea to search for and produce oil and natural gas in eastern Damanhur area in the Nile Delta with a minimum investment of $43 million and $11 million grants […]

Morocco’s Bank of Africa seeks to bring Indian investments to Morocco

Morocco’s Bank of Africa, formerly known as BMCE Bank, signed a deal with Export-Import Bank of India (EXIM Bank) to back investments in both ways. The MoU was signed during a Webinar by representatives of the two banks who highlighted investment opportunities in innovative sectors. Speaking at the video conference, Morocco’s ambassador to India Mohamed […]

Morocco’s King Renews Pledge to Make of Sahara a Hub for Interaction between Africa, Europe

King Mohammed VI has renewed the pledge to make of the Moroccan Sahara provinces a hub for trade and human interaction between Africa and Europe and a bridge between Morocco and its African roots. This came in a message he addressed on Wednesday to the first African Congress on maintenance, preservation of road assets and […]