First Independent Mena Newspaper
A decision to set up the East African Monetary Institute (EAMI) — the Central Bank of East Africa — which is widely seen as a key institution required in implementing a single currency regime, will be made this year, East African Community (EAC) Secretary-General Peter Mathuki has said. Member states have so far failed to […]
Uganda has switched from a Chinese to a Turkish company to build a proposed $2 billion railway line linking its capital to the border with Kenya but analysts say Chinese investors poured doubt on the viability of the project. The proposed railway is designed to link up the capital city Kampala with one being built […]
The Sovereign Fund of Egypt (TSFE) and Etisalat Egypt have launched Erada Microfinance to provide access to a wide range of financial services to micro and small enterprises (MSEs). Erada uses financial technology (FinTech) and provides access to a diversified set of innovative financial products for MSEs to expand their businesses, Mubasher.info reports. The partnership, […]
Belgium’s energy firm, John Cockerill, plans to invest in green hydrogen as part of a joint venture in Morocco where they plan to manufacture key equipment to transform electricity into hydrogen at a lower cost, Afrik21 reported. “In Morocco, John Cockerill will manufacture alkaline electrolyzers. This is the most widespread technology for the production of […]
China and Benin signed a Memorandum of Understanding (MoU) on partial debt cancellation Saturday during the visit of the Chinese top diplomat Qin Gang to the African country. Qin said his visit was to “identify more fields of action”, Africa News reports. “China intends to work together with Benin to implement the projects agreed by […]
Special economic zones (SEZs) are mushrooming in Africa and while many challenges lay ahead, these zones have shown considerable potential for they can play a tremendous role in the development of the African continent. Policymakers all across Africa have increasingly resorted to SEZs with the aim of turning around their countries’ economic fortunes, as they […]
Uganda has begun to court Yapi Merkezi, a Turkish firm, that is building the Tanzanian railway for financing and construction of a railroad after it cancelled all contractual work it had earlier signed with China Harbor Engineering Company. The east African nation has canceled the deal it signed with the Chinese company to build a […]
A U.S. Congressional delegation, composed of seven members representing the Democratic and Republican parties, highlighted, Friday in Rabat, the Kingdom’s regional leadership in North Africa and across Africa, in favor of peace, under the enlightened vision of King Mohammed VI. “Our interest in the days ahead is to continue to work for peace in this […]
African diaspora is in need of urgent action to reduce the cost of remittances, an instrumental source of investment and a key factor in reducing poverty in the continent, said participants at an African meeting in Rabat. There are some 150 million Africans living outside the continent with remittances estimated at 100 billion dollars in […]
The strengthening of cooperation between Morocco and Libya in the fight against financial crimes was at the focus of a meeting between public prosecutor at the Court of Cassation, president of the Public Prosecutor’s Office, El Hassan Daki, and chairman of the Administrative Control Authority in Libya, Suleiman Al-Shanti. During this meeting, Daki gave an […]