Investments

Morocco plans trains assembly plant- minister

Morocco plans to set up a train assembly plant that will be geared for exports as well as for domestic use as the country expands its rail network, the transport minister Abdessamad Kayouh said. Briefing MPs on the latest developments on the rail sector, the minister said rail operator ONCF will add an additional 1300 […]

Benin gets €39m loan from AfDB to boost private sector’s contribution to economic development

The Board of Directors of the African Development Fund, the African Development Bank Group’s concessional window, approved a €38.84 million loan to Benin to help implement the initial phase of the Economic Governance and Private Sector Development Support Program, Abidjan-based lender said in a statement. The program designed to assist the Beninese government in its […]

Namibia pulls down statue of German colonial “founder” of capital Windhoek

Namibian authorities have removed a controversial statue of German colonial officer Curt von Francois, who was seen as a symbol of colonial oppression, following pressure from local activists. The monument was erected in 1965 to mark the 75th anniversary of the founding of the city of Windhoek, now the capital, which was credited to von […]