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Shanghai Auto Parts to set up plant in Morocco

Shanghai Auto Parts said it plans to set up a production plant in Morocco, which boasts an expanding automotive sector that is adapting to the needs of the electric vehicle industry. The plant would cost some 130 million dollars or 1.3 billion dirhams, the company said in a statement. The plant, to be called Shanghai […]

Kenya’s president dismisses almost entire cabinet amid simmering discontent

Kenyan President William Ruto on Thursday (11 July) fired almost all the ministers in his cabinet, including the attorney general, with immediate effect and promised to form a new government as the current one has struggled with discontent over a cost-of-living crisis and the East African country’s debt. In a televised address, Ruto promised that […]

African ‘transition states’ at crossroads: experts call for reforms, innovation, and investment

Leading African economists and policymakers have sounded the alarm on the urgent need for governance reforms, domestic resource mobilization, and strategic partnerships to transform the continent’s fragile “transition states” from crisis to growth. Speaking at a recent high-level policy dialogue during the 66th Annual Conference of the Nigerian Economic Society, experts emphasized that 24 African […]