Africa_Tourism_Development

Egypt: Beltone and Madkour Group sign $8.21mln leasing and factoring agreement

Beltone Holding announced that its subsidiary, Beltone Leasing and Factoring, has signed a leasing and factoring agreement with Madkour Group, totaling EGP 400 million. The agreement includes a sale and leaseback arrangement for Madkour Group’s administrative unit assets at the “Zizinia” project in New Cairo, valued at EGP 300 million. Additionally, it provides EGP 100 […]

Morocco to launch works to build 800 MW solar plant in autumn 2019

Morocco is strengthening its regional leadership in renewable energy with the launch of works to build Noor Midelt 1, a giant 800 MW solar plant in Central Morocco, the Moroccan agency for sustainable energy said. The Plant will be built by a consortium of French EDF Renewables, UAE’s Masdar and Morocco’s Green of Africa, MASEN […]

Libya has little chance of holding elections this year – Fathi Bashagha

Fathi Bashagha, one of Libya’s rival Prime Ministers, has said that the oil-rich African country has little chance of holding elections this year. Without a unified government “there will be no elections and chaos will continue”, he told Bloomberg in an interview. Fathi Bashagha, who is engaged in a stand-off over the premiership with Abdul […]