Libyan warlord Mahmoud al-Werfalli

Morocco Launches Incentives to Attract More Industrial Investments

Morocco announced on Monday an ambitious investment reform plan including multiple incentives, in a bid to capitalize on its business climate and political stability to attract more industrial investments. The incentives were revealed during a ceremony in Rabat chaired by King Mohammed VI. They include tax exemption benefiting industrial companies for up to five years, […]

AU sanctions Tunisia for failing to pay 2020 dues

The African Union slapped sanctions on Tunisia for failing to pay 2020 membership dues, the Tunisian Foreign Minister has told state-run news agency TAP. Othmane Jarandi told the agency as part of the sanctions, the North African country will be deprived of voting and consultation rights during the next six months. The top diplomat revealed […]

Africa: AfDB disburses $500 million for renewable energy

The African Development Bank (AfDB) has approved a loan of $500 million for Africa’s electrification through renewable energy. The Energy Inclusion Facility (EIF) will distribute the loan among major project promoters and off-grid suppliers across the continent. According to the pan-African financial institution, $100 million will go to off-grid providers to enable them expand their […]