Zambian-MP Grace Njapau

Egypt to unveil IPO program details for state companies within 2 weeks

Egypt’s Prime Minister Mostafa Madbouly has announced the government’s intention to unveil the plan for offering state-run companies on the Egyptian Exchange (EGX) in 2023 within two weeks. Madbouly, Asharq business reports, indicated that the Cabinet would soon reveal the names of the companies to be offered on EGX throughout 2023. Egypt has been planning […]

Moroccan-Mauritanian partnership cuts watermelon prices in half in Nouakchott

An agricultural partnership between Moroccan and Mauritanian private producers is yielding significant benefits for consumers in Nouakchott, as locally grown “Moroccan watermelons” flood the market at dramatically reduced prices. The cooperation, established during the joint commission meeting between the two countries in February 2024, has enabled Moroccan watermelon varieties to be cultivated in Mauritania’s Rosso […]

Remittances by Moroccans abroad hit record $10.7 bln

Remittances by Moroccans abroad hit a record 100 billion dirhams ($10.7 bln) in 2021 compared to 70 billion dirhams in 2020, offsetting losses of the tourism sector, minister delegate in charge of investments said. Remittances have contributed to the consolidation of Morocco’s international reserves which rose to 330.4 billion dirhams ($35.7 bln), enough to cover […]