First Independent Mena Newspaper
The global coronavirus epidemic will knock 8.9 points off of Morocco’s economic growth in the second quarter of 2020, says Morocco’s Statistics agency (HCP). In its updated forecast for first semester of 2020, le “Haut Commissariat au Plan” says Covid-19 will cost the country $2.9 billion in economic loss due to a sharp drop in […]
Egypt Railway Authority is in the process of buying 50 new locomotives from German multinational conglomerate company as the most populated Arab country embarks modernizing its rail way sector. The deal which is in the pipeline according to Arab Finance Brokerage includes maintenance works for 50 of Siemens Henschel, a model that has been efficiently […]
At least 50 people were killed in Nigeria when fuel from a crashed truck that they were siphoning up caught fire, local media reported. The incident happened on Monday afternoon after a fuel tanker trying to avoid a pothole overturned and fell off the road in Ahumbe village in Benue State, according to a spokesman […]
King Mohammed VI chaired, on Thursday in the integrated industrial platform “Atlantic Free Zone”, in the commune of Amer Saflia (province of Kenitra), the inauguration of the new French automaker PSA Peugeot plant worth €557 million. The group’s industrial project in Morocco is based on the creation of a complete automotive ecosystem. Construction work […]
The roadmap for the promotion of vocational training in Morocco has been presented to King Mohammed VI at a meeting he chaired Thursday in Rabat. The roadmap provides inter-alia for the setting up of “des cités de métiers”, platforms of professions and skills, in each of the twelve regions of the Kingdom. The Cities will […]
The Economic Community of West African States (ECOWAS) has finalized its new Regional Master Plan for the Production and Transmission of Electric Power. The plan, which was presented by Secretary General of the West African Power Pool (WAPP), Siengui Appollinaire Ki, aims to increase power access and coverage across the West African region. The new […]
After Kenya and Rwanda, the German car giant Volkswagen continues its expansion plan in East Africa. A Memorandum of Understanding (MoU) was signed on Monday by Thomas Schaefer, Head of the Volkswagen Sub-Saharan Africa Region, and the Commissioner of the Ethiopian Investment Commission (EIC), Abebe Abebayehu to deliver a joint vision for the development of […]
A delegation of Tunisian investors is in Ghana to explore business opportunities from different sectors including Agric-food, information technology, construction and engineering, state-run news agency reported. According to Deputy Trade Minister, Carlos Ahenkorah, the move will allow Tunisia to manifest its business prospects in Ghana to complement the West-African nation’s industrialization agenda. MrAhenkorah urged the […]
Tanzania’s President’s office last weekend said India’s Bharti Airtel has agreed to give part of its stake in Airtel Tanzania to the government. If confirmed, Tanzania government’s holding in the mobile phone operator will rise to 49 percent from 40 percent. According to local media, the announcement followed talks in Dar es Salaam between President […]
France’s flagship carrier Air France in a statement has said it will wrap up flights to the Saudi capital Riyadh from next end this month because of “economic performance”. “Air France has decided to suspend its direct flights to Riyadh, Saudi Arabia as of February 1, and continues the cooperation with Saudi Arabian Airlines on […]