Spanish Vox party

Madagascar in search of $100m to revamp flag carrier

Madagascar Airlines needs $100 million for its rehabilitation, Valery Ramonjavelo, the country’s Minister of Transport and Meteorology has announced, explaining that the funds aim at making the State-run airline independent. The airline, launched in April 2022 in replacement of bankrupt Air Madagascar, has presented a turnaround plan known as “Phoenix 2030”, expected to help improve […]

Egypt seeks to lure $10B FDI in FY 2022-2023

Egypt is looking to attract $10 billion-foreign direct investments for the fiscal year 2022-2023, Arab Finance reports citing a report by the Ministry of Planning and Economic Development on the goals of the budget bill. The report says the government is also pursuing the creation of around 900,000 jobs annually to keep the unemployment rate […]

Africa’s first hydrogen power plant in Namibia to produce electricity by 2024

The green hydrogen power plant in Namibia — the first in Africa — will start producing clean electricity power, 24 hours a day all-year round, by 2024. French independent power producer HDF Energy expects that, once operational, its Swakopmund green hydrogen power plant, built to the tune of $181mil., will boost electricity supply in the […]