First Independent Mena Newspaper
Benin is set to launch the construction of its first Financial district planned to be home to financial institutions and key companies including State-run firms, “24 Au Benin” reports. The first phase of the project is about the construction of one five-storey building used for offices, two seven-storey buildings also for offices. The first phase […]
The United Nations Conference on Trade and Development (UNCTAD) highlighted Morocco’s headway in the automotive sector and its growing exports that contrast with Algeria’s car industry debacle. Using 2019 figures, UNCTAD showed in a detailed report how Morocco produced 403,218 vehicles compared to 60,012 in Algeria, which in 2020 had to halt production altogether. “In […]
A BRICS currency replacing U.S dollar is a ‘ridiculous’ idea, says the top economist who named the group — especially in light of the fact that China and India are not able to even agree on BRICS membership expansion that will shape the organization’s future. The BRICS group has revealed its internal divisions, with India […]
Both Egypt and China’s ministers of Agriculture signed Wednesday August 16 to collaborate on developing drought and salt-tolerant crops to overcome water scarcity and salinity in Egypt as the country confronts the major impacts of climate change, “Ahram Online” reports. Egypt’s El-Sayed El-Quseir and his Chinese counterpart Tang Renjian signed the agreement which the Egyptian […]
The UN Conference on Trade and Development has praised the progress made by the automotive industry in Morocco, which is now positioned as a production platform with the entry of several groups, including German Motor Distributors, Renault, Snop (parts and components supplier), Stellantis, Sumitomo Electric Wiring Systems and Yazaki. In its “Economic Development in Africa” […]
African countries must reduce their reliance on other Western countries by boosting intra-Africa trade and also by eliminating their exploitation of Africa’s raw materials, according to the AfCFTA Secretary General and Uganda’s president. Speaking at the 2023 Zenith Bank International Trade Seminar on Non-Oil Export, the Secretary General of AfCFTA, Wamkele Mene, said that economic […]
The English Premier League (EPL) will this 2023-2024 season promote Egypt as a travel destination as part of the North African country’s efforts to attract more holidaymakers. The Egyptian General Authority for Tourism (EGAT) will run two-minute commercials on big electronic screens in various stadiums hosting EPL games, “Ahram Online” reports. The EGAT plans to […]
Mastercard has acquired a minority stake in the fintech subsidiary of South African telecommunications giant MTN in a deal valued at a whopping $5.2 billion, whereby the partnership will see Africa’s biggest mobile company to strategically leverage the US giant’s technology for its payments and remittance expansion in the continent. By snapping up the minority […]
Morocco sits on tremendous uranium reserves thanks to its world’s largest phosphates deposits that could help the country power its desalination plants and export surplus, the Middle East Institute said. The paper, by Michael Tanchum, recalls that 73% of the world’s phosphate rock reserves contain an estimated 6.9 million tons of uranium, that compares to […]
The 8th Hassan II Great World Water Prize will be held on May 18, 2024 in Bali, Indonesia, under the theme “Water resource security for food sovereignty and shared prosperity,” the Ministry of Equipment and Water said. Created in 2002 and awarded for the first time at the 3rd World Water Forum in Kyoto, Japan, […]