The International Monetary Fund (IMF) and the African Development Bank (ADB) have approved this week release of billions in form of loans to Egypt in order to support its weak budget suffering from lack of foreign assistance and a huge domestic debt, reports say. The IFM according to reports has approved the first $1 billion […]
Apollinaire Joachimson Kyelem de Tambela, Prime Minister of Burkina Faso replaced Thursday Minister of Industrial Development, Trade, Handicrafts and Small and Medium Enterprises, Donatien Nagalo and Minister of Urban Planning, Land Affairs and Housing, Yacouba Dié, both wanted out of his cabinet. In a decree announcing the reshuffle, the Premier replaced Nagalo with Serge Gnaniodem […]
Chinese Sunrise Group has launched a major textile project in the Moroccan city of Fez which will host the 20-ha factory complex, including yarn spinning, weaving, dyeing, printing, and ready-to-wear garment manufacturing. This facility, spearheaded by Sunrise subsidiary Euwen Textiles, will use renewable energy and water recycling systems. It is expected to create around 3,000 […]
