Finance and economy ministers from the Alliance of Sahel States (AES) have agreed to fast-track the launch of a new regional financial institution aimed at bolstering economic sovereignty and reducing dependence on external donors, following their exit from regional bloc Ecowas. In a recent meeting in Niamey, officials from Burkina Faso, Mali, and Niger reached […]
French Alstom group will invest over $16 million on a second rail plant in Morocco which is developing its rail industrial ecosystem with its local expertise to meet its mobility and transportation needs. The 2nd plant will make driving cabs for regional and underground railway trains, said Alstom in a press release issued Thursday. In […]
The Chinese electrical appliance manufacturer Midea Group is considering acquiring the Swedish appliances manufacturer Electrolux Group’s Zanussi brand and its assets in Egypt, reports say. Electrolux Group announced mid last month plans to exit the Egyptian market. The company indicated that it is preparing to sell its factories in Egypt, which produce the main appliances […]
