First Independent Mena Newspaper
Country Manager Hesham Mekawi of British Petroleum (BP) Egypt has stated that the company will invest more than $12 billion in the country before the end of 2020 to unlock the country’s oil and gas potential. He was speaking at an energy conference in Alexandria. Egypt has been undergoing gas shortages and the government was […]
Chief Executive Officer of state-owned Sonatrach, Said Sahnoun, asserted that their five-year investment plan will go ahead despite plummeting oil prices. Addressing the ninth North Africa Oil & Gas Summit held in Algiers, he also said that the exploitation of shale oil for production is scheduled for 2022. Analysts believe that the global slumping of […]
The US Automaker Ford became last week the 60th international company to establish regional headquarters in Casablanca Finance City. Ford which has just obtained the CFC status will base the African regional headquarters of its branch, the Ford International Business, in Casablanca Finance City wherefrom it will manage its operations across the continent. The CFC […]
Tunisia has renewed its intentions to bolster dealings with Iran during the visit of the North African country’s Chamber of Commerce head Najib Houli there. He had a meeting with the members of Fars Chamber of Commerce in the provincial capital city of Shiraz in Southern Iran. The two countries have been making efforts to […]
Egypt and Dana Gas have reached an agreement after the fruitful intervention of the United Arab Emirates government. Dana Gas was unwilling to supply Egypt with gas due to the outstanding arrears of $160 million. The two parties reached an agreement on Thursday in a “win-win agreement.” Cairo owns foreign energy firms a sum of […]
The 5th edition of the Global Entrepreneurship Summit (GES 2014), which was held in Marrakech (Morocco) from 19 to 21 November, brought together over 3000 entrepreneurs, together with heads of state, high level government officials, global entrepreneurs, small medium enterprises (SMEs), corporate leaders, and young entrepreneurs. The summit, convened under the theme: “Harnessing the power […]
The positive evolution scored by the sector of information technologies in Gabon as evidenced by the launch earlier this year of the 4 generation of mobile telephony services has made of this country a pioneer in Central Africa. Gabon Telecom, one of the most vital internet providers in this Central African nation, was actually the […]
Ambassador Dr. Mohamed Ahmed Kisuule of Uganda was in Pakistan where he met with the Islamabad Chamber of Commerce and Industry (ICCI) to present investment opportunities that assure earnings ranging from 300% to 400%. Pakistani investors are not that much present in Uganda. The Senior Vice President of the ICCI, Muhammad Shakeel Munir, showed interest […]
Algerian and French government officials were gathered at the western city of Oran to witness the opening of a €50 million Renault car factory in Algeria that will produce 25,000 units per year before rising to 75,000 by 2019. The plant is a joint venture and will be producing the ‘Symbol’ model; a saloon based […]
Part of its continuous efforts to promote the automotive sector, Morocco signed last week five performance contracts that will support the deployment of four ecosystems in the automotive sector, namely automotive wiring, automotive seating & Vehicule interior; metal / stamping; and automotive batteries. The contracts, signed on the sidelines of the 4th edition of “Automotive […]