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‘Proud of belonging to Africa,’ King Mohammed VI says

King Mohammed VI expressed, in an interview with Malagasy media, strong pride of belonging to Africa and deep feelings of appreciation to African peoples and countries he has visited during his African tours. “I would like to pay tribute to my African brothers and to our continent. Every visit for me has been an occasion […]

IMF members increase contributions; Africa gets third seat on board

The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third seat on its executive board at its first meetings on the continent since 1973. The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a […]

Chinese company considers $2bn investment in cast-iron pipes, steel industry in Egypt

Shen Ching, a Chinese company producing cast-iron pipes and steel industry, has announced plans to invest $2 billion in Egypt’s Suez Canal Economic Zone. Head of the Chinese firm, He Kijo, made the announcement during a meeting with Prime Minister Mustafa Madbouli in Egypt. The project is set to be built on an area of […]