First Independent Mena Newspaper
Tanzania’s President’s office last weekend said India’s Bharti Airtel has agreed to give part of its stake in Airtel Tanzania to the government. If confirmed, Tanzania government’s holding in the mobile phone operator will rise to 49 percent from 40 percent. According to local media, the announcement followed talks in Dar es Salaam between President […]
The eight countries of the West African CFA franc zone plan to issue 2.723 trillion CFA francs ($4.82 billion) in debt in 2019, Reuters reported. Member countries using the West African CFA franc – a currency pegged to the euro – include Ivory Coast, Senegal, Guinea-Bissau, Mali, Burkina Faso, Niger, Togo and Benin. They share […]
France’s flagship carrier Air France in a statement has said it will wrap up flights to the Saudi capital Riyadh from next end this month because of “economic performance”. “Air France has decided to suspend its direct flights to Riyadh, Saudi Arabia as of February 1, and continues the cooperation with Saudi Arabian Airlines on […]
Dubai free zone operator DMCC announced Sunday it awarded the contract for the construction of 78-storey ‘Uptown Tower’ in uptown Dubai district to Belhasa Six Construct, an entity of BESIX, reports say. “Awarding Six Construct the contract to construct Uptown Tower is an important step in bringing the much-anticipated Uptown Dubai district to life. The […]
Morocco’s state-owned Company “Office National des Hydrocarbures & des Mines (ONHYM) and Nigerian National Petroleum Corporation (NNPC) have chosen Penspen to carry out the 1st phase of the FEED (Front-End Engineering) of the gas pipeline project to run from Nigeria upto Morocco. The FEED first Phase consists of a detailed review of the feasibility study […]
Shipments of wearable devices in the Middle East, Turkey, and Africa (META) region reached 1.13 million units in the third quarter of 2018, according to the latest insights from International Data Corporation (IDC). The global technology research and consulting firm’s Worldwide Quarterly Wearable Device Tracker shows that shipments were up 77.6% on the corresponding period […]
The French Development Agency (AFD) will extend the Moroccan Electricity and Drinking Water facility (ONEE) a €50 million loan to help it implement a program on the improvement of the performance and resilience of drinking water services in Morocco’s Northern provinces. Under the loan agreement, signed last week in Rabat, the ONEE will enlarge access […]
The Moroccan National Committee for the Business Environment (CNEA) has partnered with the International Finance Corporation (IFC) to improve the business climate in the North African country. Under the agreement signed Thursday by the two parties, IFC pledges to support CNEA in identifying the main barriers to the development of Morocco’s private sector. IFC, member […]
Morocco is building a brand-new terminal in the Rabat-Salé airport to keep up with a growing number of passengers and air traffic as the North African country has become one of the world’s popular tourism destination and an attractive hub for investors. King Mohammed VI, who spearheads the country’s modernization, launched on Wednesday the construction […]
The European Bank for Reconstruction & Development has unveiled its strategy for Tunisia for the period 2018 to 2023. Through this strategy, the Bank pledges to support competitiveness of Tunisian companies by opening markets and strengthening governance. The EBRD country strategy also seeks to promote economic inclusion for women, young people and populations living in […]