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Chinese Wuxi Xin Hongye Wire & Cable Technology has said it will invest $34 million in an automotive cable plant to be set up in Tangier region in partnership with France’s Acome Automotive. The two partners will establish a $ 10 million joint venture named “Morocco Acome Xinhongye Automotive Cables”. The Chinese company will hold […]
Africa’s trade deficit with China shrinks due to soaring minerals exports, weaker currencies
Africa’s trade deficit with China has shrunk in the first half of this year, as exports from some, especially resource-rich, African countries have soared in the first half of the year, while imports from China to Africa fell slightly, according to the latest Chinese customs data. During the first six months of this year, China’s […]
Libya: GNA Turns Down EU’s Proposal to Build Migrant Camp on Libyan Soil
Libya’s UN-backed unity government Thursday rejected the European Union call for the creation of a migrant camp in Libya in a move to curb and control floods of migrants trying perilous trips to join countries of the 28-member block. Since 2011, following the fall of Libyan ruler Muammar Gaddafi, Libyan coasts have been departure points […]



