EU Greenlights an €800 million Package of Financial Guarantee Programs in Africa, Neighborhood

As part of its External Investment Plan, the EU Tuesday gave its green light to a package of financial guarantee programs worth around €800 million. This will help to leverage an estimated €8-9 billion in public and private investment in Africa and the Neighborhood, the European Commission announced in a press release. The decision is […]

Morocco plans its second largest desalination plant in Nador

Morocco will invite bids by the end of the year for a 250 million cubic meters desalination plant in the north-eastern city of Nador, water and equipment minister Nizar Baraka said. The plant would be the second largest in the country after Casablanca’s which is planned to start supplying fresh water in 2027, Baraka told […]

UK Maintains Flight Ban on Egypt’s Sharm el-Sheikh Airport

Egypt’s tourism revenues were hard hit by a travel ban on its popular winter sun destination of Sharm el-Sheikh, which continues to be maintained by the UK. A charm offensive has been launched by Egyptian authorities to highlight the attractions of other Red Sea resorts since the UK banned its airlines to land in Sharm […]