First Independent Mena Newspaper
Guinea-Bissau and Chinese presidents held talks in Beijing on Wednesday (10 July), with the two leaders announcing that the relations between both countries will be elevated to a strategic partnership. Umaro Sissoco Embalo, President of the Republic of Guinea-Bissau, who is in China for a 5-day state visit ending on 13 July, was hosted by […]
The African Development Bank has agreed to provide Morocco four loans totaling over €600 million to enable the North African Kingdom build a 105-km long highway, enhance territorial competitiveness, modernize the university, and support sustainable forest development. The agreements were signed Wednesday in Rabat by Minister in charge of the budget Fouzi Lekjaa and the […]
The Moroccan government has pledged to work with China and African countries to ensure success to the China-Africa Cooperation forum scheduled in Beijing in September. The pledge was made by Morocco’s top diplomat Nasser Bourita during talks held Wednesday in Rabat with Chinese Special Envoy for the Middle East Zhai Jun. The Chinese official said […]
The World Bank has launched a new $2.48 billion program that aims to improve internet adoption rates and infrastructure coverage gaps for more than 180 million people across eastern and southern Africa. The Inclusive Digitalization in Eastern and Southern Africa (IDEA) Program, launched recently, will focus on tackling common digital challenges including low internet coverage […]
Africa and Middle East are “emerging as a battleground for international tech supremacy in all areas related to enterprise technology” between the United States and China, which includes cloud, radio access networks for enterprise 5G, and artificial intelligence (AI), according to the London-based data and analytics firm GlobalData. While the growing geopolitical tensions between the […]
Senegal plans to cancel a 32-year deal with Saudi company Acwa power due to its high cost, Senegalese water minister Cheikh Tidiane Dieye said. The deal, valued at $800 million, was signed by outgoing president Macky Sall in his final days in office. New president Basirou Faye promised to review a set of deals signed […]
Oil and gas rich Nigeria has defeated Algeria and other competitors, after it was chosen as the host of the newly created Africa Energy Bank, worth $5 billion. In hosting the new lender, Nigeria will become “at the forefront of Africa’s energy future,” said Nigerian oil minister Heineken Lokpobiri. The new bank aims to address […]
French Veolia plans to sell its stake in utilities company Lydec, a Casablanca-listed company that manages water supply, electricity distribution, and sewage. Veolia will sell its stakes to Société Régionale Multiservices Casablanca-Settat, in line with authorities’ plan to put utilities under the authority of regional companies owned by the state. Lydec oversees the delegated management […]
Morocco’s largest telecom operator, Maroc Telecom, is expected to take a blow in terms of its profitability at the Casablanca stock exchange after losing a case brought by its competitor Wana Corporate. Maroc Telecom said it will appeal the decision by a commercial court in Casablanca ordering the operator to pay Wana corporate, known by […]
The World Bank has launched a new $2.48 billion program that aims to improve internet adoption rates and infrastructure coverage gaps for more than 180 million people across eastern and southern Africa. The Inclusive Digitalization in Eastern and Southern Africa (IDEA) Program, launched recently, will focus on tackling common digital challenges including low internet coverage […]