EU Africa business forum

STELLANTIS DOUBLES DOWN ON MOROCCO WITH 1.2 BILLION EURO KENITRA EXPANSION

Automotive giant Stellantis has inaugurated a major expansion of its Kenitra manufacturing facility, investing 1.2 billion euros to double production capacity and achieve 75 percent local integration by 2030, reinforcing Morocco’s position as Africa’s leading automotive hub. Prime Minister Aziz Akhannouch, who officiated the July 16 ceremony, emphasized that the project embodies Morocco’s New Investment […]

Egypt: Close Islamist collaborators now at odds

Ahead of the parliamentary elections in Egypt, the discord between two Islamic oriented political parties is beginning to surface. Al-Nour, a Salafist political party, and the now banned Muslim Brotherhood that has been termed as a terrorist organization by the state are at a latent war over the control of Sinai. Crisis between the two […]

Africa agribusiness set to become $1 trillion ‘new oil’ industry by 2030 — AfDB

Africa’s agribusiness sector is expected to grow to become a $1 trillion industry by 2030, participants at a recent Africa Investment Forum (AIF) have concluded, predicting that agribusiness will become a catalyst in driving the economy on the continent. Leaders of Africa’s top agribusiness companies, who shared their thoughts on the future of the industry […]