The African Development Bank has signed a $50 million risk participation agreement, APR, with investment and corporate bank Natixis. The 50/50 risk-sharing agreement covers a portfolio of commercial transactions totaling $100 million, which will support commercial operations worth $600 million in Africa over the next three years, said the African financial institution in a press […]
ConocoPhilips has announced the sale of its subsidiary in the North African country of Algeria in a deal worth more than a billion dollar. According to the announcement from the company, it has agreed to sell its Algerian business unit for a total of US $1.75 billion plus customary adjustments to Pertamina. The deal involves […]
Morocco’s national railway operator, Office National des Chemins de Fer (ONCF), has awarded Italian engineering company SITE two contracts worth over €140 million for the new high-speed rail line linking Kénitra to Marrakech. SITE will provide telecom, power, and cybersecurity systems for the 400-km Kénitra–Marrakech line ahead of 2030 FIFA World Cup organized by Morocco, […]
