As a growing number of giant Chinese companies chose to invest in Morocco for its political stability and competitive assets, the Algerian regime became extremely worried to see its neighboring country taking the lead and thriving while Algeria is lagging behind and sinking into the abyss. In a desperate move to address the situation, Algerian […]
The European Investment Bank (EIB) will loan Egypt by year’s end €1.1 billion in form of financing package for the implementation of three transport projects in the Arab country. The package will come in two installments. The first tranche will take place in December and valued at €600 million, the Egyptian cabinet said in a […]
Moroccan company Somagec has signed a preliminary deal to build a power link between Angola and the Democratic Republic of Congo (DRC), for $1.3 billion. The project will bolster the integration of the region’s energy market, in an area where access to electricity is still low. The high-voltage transmission lines will also enable Angola to […]
