Japan carmaker Nissan has received initial approval to produce 100,000 car units per year in Egypt, which targets car export to revive its vehicle production industry. Nissan will manufacture the car, jointly with state-owned carmaker El Nasr Automotive Manufacturing, Minister of Public enterprise, Hesham Tawfik told media. Majority of cars produced will be exported. Egypt […]
As Egypt works towards rejuvenating its economic activities through partnership and encouraging foreign investments, a joint venture was announced by US Deputy Secretary of State for Management and Resources, Thomas Nides, between one of the regions’ biggest investment institution in Egypt, Abraaj Capital, and the US Overseas Private Investment Corporation (OPIC) with plans to invest […]
Algeria’s aged and ailing military regime is still bogged down in a cold-war mentality that made the country diplomatically and politically isolated more than ever. The recent maneuvers at the TICAD Japan-Africa summit once again shows the fading voice of Algeria on the continent. Algeria has squandered its oil and gas wealth to buy positions […]
