First Independent Mena Newspaper
The recently-launched Saudi-Egyptian Investment Company (SEIC) has reportedly added three other Egyptian listed company to its portfolio after acquiring fertilizer giant MOPCO. Abu Qir Fertizilers and Chemical Industries, Alexandria Container and Cargo Handling and E-Finance for Financial and Digital Investments are the companies, Zawya reports citing Egypt’s planning ministry’s website. SEIC also reportedly acquired 25 […]
Central African ministers meeting in Cameroon Wednesday August 10 have agreed to merge the 11-member Economic Community of Central African States (ECCAS) with the six-member Economic and Monetary Community of Central Africa (CEMAC) in a move to boost trade and growth. The economy ministers said they want to foster regional integration, accelerate economic transformation and […]
South Africa’s Aspen Pharmacare may soon be forced to halt its Covid-19 vaccine production as the overall demand, including government contracts for Covid-19 antivirals and vaccines, dry up. Aspen currently produces vaccines for Johnson & Johnson and, in March, it struck a deal to produce, price, and sell its own-brand version of the shot for […]
Many, if not most, African economies have endured a torrid time over recent years, as their finances have been hard hit by two global crises – Covid-19 and the Russia-Ukraine war. As a result, numerous states across Africa have turned to the International Monetary Fund (IMF) for assistance. Ghana is expecting to receive $3 billion […]
Snap Inc. signed Tuesday a Memorandum of Understanding with Qatar’s Government Communications Office (GCO) to open a new office in Doha, expanding its footprint in the Middle East and North Africa (MENA) region, a statement by the Gulf country has announced. “This move is part of Snap’s efforts to support and create opportunities for its […]
The recently launched Saudi-Egyptian Investment Company (SEIC) is set to acquire 25 per cent of stakes in Egyptian fertilizer giant Misr Fertilizers Production Company (MOPCO) for an unrevealed amount. The deal, Arab Finance reports citing a source who asked not be named, might have been executed Tuesday or it would be carried out this Wednesday […]
Morocco and Mauritania are in talks to set up an internet cable interconnection building on the inroads of Moov Mauritel, a subsidiary of Morocco’s Maroc Telecom. Moroccan and Mauritanian media said the cable would be laid inland crossing the Sahara territory, offering Mauritania a second alternative besides the “African Coast to Europe (ACE)” cable. The […]
The United States has decided to support Morocco with integrated air defense networks against missile & drones’ attacks, dealing another hard blow to the Polisario militias, which are armed, funded and sheltered by the ruling Algerian military junta. The decision has been approved lately by the U.S. Congress in its vote for the appropriation bill […]
The European Union has reached out to the kingdom of Morocco to study possibilities to invest in the Morocco-Nigeria gas pipeline project that will connect up to Spain, in view of replacing Russia which is using its gas as political weapon. The move came after Nigerian President Muhammadu Buhari called on European Union countries and […]
The UK Foreign Affairs Committee has labelled Saddek Elkaber, the Governor of the Central Bank of Libya (CBL) “well-known financier of militias and gangsters” who runs a “troubled organization.” The committee’s bashing of the Libyan official comes after a meeting between Elkaber and Governor of Bank of England Andrew Bailey in July, Libya Update reports. […]