First Independent Mena Newspaper
Egypt Wednesday August 30 accorded South Korean tech giant Samsung a golden license to set up a mobile phone plant to produce, after the North African provided the firm another permit to manufacture tablets for educational use. The future factory, 6,000 square meters, is expected to generate 768 direct and indirect jobs and located in […]
As many as 50 African States have sent officials to the third China-Africa Peace and Security Forum taking place in Beijing as part of China’s security cooperation with Africa. An alternative to the US presence in the continent and European influence. Chinese authorities placed the event under the theme: “Implementing the Global Security Initiative [GSI] […]
Morocco succeeded in connecting the water-rich Sebou basin with a dam in the Bouregreg basin that supplies Rabat and Casablanca. The project is planned to carry surplus water from Sebou basin all the way to the region of Marrakech in response to water scarcity and repetitive drought that emptied reservoirs. The waterway will help save […]
Tunisia is now the African country facing the highest default risk as the government remains reluctant to implement reforms to be eligible for an IMF package of $2 billion. With one of the world’s highest wage bills in terms of percentage to GDP, Tunisia under autocratic president Kais Saied, is unwilling to implement painful reforms […]
The China Development Bank (CDB) and the African Export-Import Bank (Afreximbank) inked Monday August 28 a $400-mllion loan to be used to support the financing of small and medium-sized enterprises (SMEs) across Africa. President of CDB, Mr. Tan Jiong, and President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, signed the […]
Faman Toure, the outgoing chairman of Côte d’Ivoire’s Chamber of commerce and industry (CCI-CI), won Monday August 28 another six-year term in the position. Toure’s team known as “Ensemble pour une Chambre forte” [Together for a stronger Chamber] clinched 84 per cent of votes during a congress held in Yamoussokro. He won over rival Boni […]
China is making inroads into the West African arms market and is also looking to make new allies and build influence in the region amid waning French influence there. Senegal, Côte d’Ivoire and Mali are all French-speaking and, as former colonies, historically fell under France’s sphere of influence. And although France is still the largest […]
China has added three new areas for investment to its Belt and Road Initiative (BRI) focusing on the African continent where it has spent billions of dollars in infrastructure. The new areas are namely industrialization, increase in agriculture investment and talent development. President Xi Jinping launched the three-pronged plan during a China-Africa leaders’ roundtable meeting […]
The Chinese Tinci Materials facility in Morocco whose construction was announced end of June this year will produce 100,000 tons of Lithium hexafluorophosphate and electrolytes. The manufactured materials are intended for electric vehicles in the European market, the European Union (EU) having announced a ban on the sale of internal combustion vehicles by 2035, reported […]
Morocco is one of three African countries driving expansion in private, commercial, and military aviation, presenting lucrative opportunities on a global scale, according to a Forbes report released on Friday. Africa’s aviation industry is experiencing significant growth, with Morocco, Nigeria, and South Africa at the forefront of this upward trajectory, the report says. Morocco’s aviation […]