King Mohammed VI chairs signing of deals on 2020-2027 drinking & irrigation water supply program

Africa: Microsoft opens development centers in Nairobi, Lagos

US-based tech giant Microsoft Corp will launch this year two hubs in Nairobi and Lagos with an investment of over $100 million over five years as it seeks to partner with local talents and governments on the continent, Bloomberg reports. Microsoft will launch two hubs this year and plans to hire 100 workers at the […]

Egypt taps on IFC to advise on IPO program

Egypt signed Sunday a five-year agreement with the International Finance Corporation (IFC) to advise on its Initial Public Offering (IPO) program under which dozens of state-run companies will be listed on the stock market. The World Bank’s for the Empowerment of the Private Sector will act as a strategic advisor to the government for the […]

ONEE, Nareva and GE Vernova sign MOU to decarbonize Laâyoune power plant

Morocco’s National Office of Electricity & Drinking Water (ONEE) has partnered with GE Vernova’s Gas Power business and Nareva to decarbonize Laâyoune Power Plant, which is powered by three GE Vernova 6B heavy-duty gas turbines. The project, first of its kind in Africa, will enable the North African Kingdom to generate carbon-free electricity using green […]