First Independent Mena Newspaper
Guinea authorities, Thursday August 3, gave August 31 ultimatum to mining companies operating in the country to repatriate at least 50 per cent of their revenues from exports. The warning came from the ministry of Mining and Geology, citing articles of the Guinea’s mining Code. Moussa Magassouba head of the department addressed the companies in […]
Sentury Tire, a Chinese tire manufacturing giant, will build a first Morocco tire facility in the North of the country, 35 km from Tanger-Med port, Africa’s largest container port which handles over half of all cargo going through Moroccan ports. The deal okaying the plant breaking ground and operationalization was signed by the company’s manager […]
The military coup in Niger has added political instability to terrorism risks in a region beset with violent extremism and weak states making Algeria’s ambitions to establish a gas pipeline channelling Nigerian gas an unfeasible project. Algeria has for long fantasized about a pipeline to transport Nigerian gas to Europe, a project that has been […]
The East African Community (EAC) last year exported agri-food products worth a staggering 2.16 billion Euros to the European Union, according to a recent report by Eurostat, which highlights the success story of a collaboration between both partners that contributes to the EAC’s economic development. According to Eurostat, the EU’s statistics authority, the volume of […]
The governments of Kenya and Uganda have now revived the plans to build a standard gauge railway (SGR) between them, with each of them pursuing individual financing for their SGR portions, with Kenya signing commercial contracts and Uganda set to finalize its deal soon. These steps signal renewed efforts in both countries to upgrade infrastructure […]
Moroccan National Tourism Office has partnered with Wego, a leading online travel marketplace in the Middle East and North Africa (MENA), to promote the Moroccan destination, offering travelers unforgettable holiday experiences thanks to its captivating landscapes, rich heritage and warm hospitality. Mamoun Hmedan, Wego Chief Commercial Director, said: “We are excited to embark our partnership […]
Egypt’s Minister of Trade and Industry Ahmed Samir, Tuesday August 1, as he began a trip to Turkey announced that the North African country plans to increase the volume of bilateral trade with Turkey. From $10 billion to $15 billion over the next five years. Samir’s visit (August 1-3) is the first for an Egyptian […]
Morocco’s trade deficit contracted by 6.8% in the first six months this year, thanks to a rise in car exports and a drop in energy imports, the foreign exchange office said. Imports dropped to 358 billion dirhams, while exports rose to 221 billion dirhams leaving a deficit of 138 billion dirhams. Morocco has prepared the […]
The number of Singaporean companies doing business in Africa has soared from only 60 in 2018 to more than 155 companies today, which demonstrates that the wealthy city-state increasingly views Africa as a very important market that should not to be ignored. In a sign of this deepening connection, Singaporean Prime Minister Lee Hsien Loong […]
After spending more than US$1 billion to acquire mining sites in Zimbabwe over the past two years, massive Chinese investment could help catapult Zimbabwe to become the world’s fifth biggest primary producer of the material that’s vital to battery electric vehicles and the green revolution, mining consultancy CRU said. The investments by Chinese companies, including […]