The Africa Export-Import Bank, or Afreximbank, has incorporated 11 African central banks into its flagship Pan-African Payment and Settlement System (PAPSS) that offers an alternative in which participants can conduct transactions in their currencies, eliminating the necessity for a third-party currency such as the US dollar. The PAPSS is one of the Afreximbank’s efforts aimed […]
An Algerian military helicopter crashed Sunday near Reggane (Adrar) in the south of the country causing the death of 12 soldiers. According to the defence ministry, the crash was caused by a technical problem. Two other soldiers have been injured in the crash. “A helicopter, a troop carrier Mi-171 type belonging to the Algerian air […]
Morocco has entered the global electric vehicle supply chain with COBCO’s inauguration of a 20-billion-dirham factory at Jorf Lasfar on June 25, marking the kingdom’s strategic leap into green technology manufacturing. The facility, spanning 238 hectares, represents a joint venture between Moroccan Africa-oriented investment fund Al Mada and Chinese giant CNGR Advanced Materials. As the […]
