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World Bank urges Mauritania to diversify economy

Mauritania must accelerate economic diversification to achieve its ambition of becoming an upper-middle-income country by 2050, the World Bank said in a report published on Nov 24, citing the limits of a development model driven by extractive industries. “The extractive-led growth path is reaching its end,” the Bank said, noting that while Mauritania posted an […]

Egypt’s Transport Ministry to Offer Tender for a New Subway Line

Egypt’s Transport Minister, Ibrahim al-Demeiry, said yesterday (March 25) that the ministry had started three new projects worth LE20 billion aimed at improving the country’s infrastructure and boosting its economic development. One of the projects is the tender for the third phase of the Ataba-Imbaba-Cairo University subway line, which is to be offered today (Wednesday, […]

Morocco’s Tanger Med Port Records World Biggest Increase in Connectivity Index- UNCTAD

Morocco’s Tanger Med port has recorded the world’s biggest increase in the connectivity index since it started operations in 2007, according to the United Nations Conference on Trade and Development (UNCTAD). In a recently released study, UNCTAD says that the extension of Tanger Med port, which required an investment of €3.5 billion, has tripled the […]