The European Bank for Reconstruction and Development (EBRD) has adjusted Egypt’s economic growth projection upward, anticipating a 4% increase in FY2024/2025, indicating a positive recovery trajectory. Growth for FY2023/2024 was revised to 2.7%, with GDP expansion expected to reach 3.2% in 2024 and 4.5% in 2025. Inflationary pressures have moderated, with inflation declining to 25.7% […]
Huayou, a Chinese manufacturer of electric vehicles battery materials, would invest 200 billion dirhams or $20 bln in a plant in Morocco’s region of Laayoune Sakia El Hamra in the Sahara, the regional investment center announced. A delegation of the Chinese group visited the region where officials introduced competitive attractions to help the company export […]
Guinean President Umaro Sissoco Embaló has expressed his willingness to continue serving as “President of Guinea-Bissau” if his supporters desire it, reversing a decision he made just last week. Previously, Embaló had announced he would not seek a second term, citing his wife’s advice. “It was a decision I made after listening to the opinion […]
