Egypt applies to join Shanghai-based New Development Bank

Egypt has reached a deal with Shanghai-headquartered New Development Bank (NDB) to join the financial institution whose strategy the Arab country says is in line with its vision. Minister of Finance Mohamed Maait according to the statement from his department held talks with NDB’s Chairman Marcos Troyjo on the sidelines of COP27. Both parties, the […]

China’s investment in Tanzania soars, as trade relationship with Nigeria takes dip

China’s investment in Tanzania has hit a record $1.8 billion since President Xi Jinping’s visit in the East African country 10 years ago, while bilateral trade between China and Nigeria has taken dip by about a third in 2022 compared to 2021. China’s direct investment stock in Tanzania is 2.5 times that of 2012, according […]

Canary Islands, Mauritania set up joint Commission to spur economic exchanges

Mauritania and Spain launched Tuesday November 21 in Canary Islands a joint economic commission to establish “relations of trust” between Canary Islands and Mauritanian companies, to develop joint projects in several economic fields, reports say. The Commission is made of around 25 companies from the Canary Islands and several Mauritanian companies active in trade, fishing, […]