German conglomerate Siemens has completed a 400 MW extension to the Toshka substation in Egypt, three months after breaking ground, the company announced. The turnkey substation is located near the Egyptian-Sudanese borders, about 1,300 kilometres away from Cairo. The completion of the project paves the way for the realization of the $60-70 billion Egypt-Sudan interconnection […]
Automotive parts manufacturer Aptiv is mulling to relocate some of its production from Ukraine to Morocco, Aptiv’s CEO Still Joseph Massaro said. “Aptiv, based in Dublin, is trying to shift production to Poland, Romania, Serbia and possibly Morocco,” AP news agency reported citing Massaro. After the coronavirus pandemic and now the war in Ukraine, Morocco […]
Experts at a recent 57th Conference of African Ministers of Finance emphasized the need for African governments to prioritize local currencies for trade and transactions. Hanan Morsy, chief economist of the UN Economic Commission for Africa, highlighted that reducing reliance on the U.S. dollar would protect Africa’s economies from external financial shocks. Africa’s use of […]
