Spirit AeroSystems, Major Bidder for Bombardier Plants in Morocco & Belfast

American company Spirit Aero systems is reportedly the major bidder for the acquisition of the two bombardier plants in Morocco and Northern Ireland, said on Friday Reuters, citing sources familiar with the matter.   However, no deal has so far been sealed and the negotiations are still underway. Both the Canadian aerospace firm and Spirit […]

AfDB allocates €62M for rural electrification in Côte-d’Ivoire

The African Development Bank (AfDB) has granted a loan of €62.35 million to Côte d’Ivoire, the bank said in a statement. The funds are intended to finance the Project for the Strengthening of Electrical System Works and Access to Electricity (Proser). The AfDB grant will help finance the electrification of 1,388 rural localities in the […]

Egypt seeks to lure $10B FDI in FY 2022-2023

Egypt is looking to attract $10 billion-foreign direct investments for the fiscal year 2022-2023, Arab Finance reports citing a report by the Ministry of Planning and Economic Development on the goals of the budget bill. The report says the government is also pursuing the creation of around 900,000 jobs annually to keep the unemployment rate […]