Japan, which lags behind other major economies when it comes to investment in Africa, has been increasingly concerned that the pandemic has weakened African economies and worsened their dependence on Chinese investment and aid. US investment in Africa is seven times larger than that of Japan, that of the UK and France is more than […]
In a pessimistic tone that bodes ill for Algeria’s economic prospects, Algerian Prime Minister Abdelmalek Sellal announced yet a new slump in the country’s foreign exchange reserves, which currently stand at $112 billion. As Algeria’s revenues continue to be battered by the slump in oil prices, Sellal, who was speaking in Annaba at a meeting […]
French and Indian companies, Eiffage and Infra International, have been awarded a €300 million contract for the supply of drinking water in several regions of Côte d’Ivoire. The West African nation plans to construct 6,000 boreholes of drinking water in several localities of the country. The €300 million contract with Eiffage and Infra International is […]
