Asia Finance Headlines International Mauritania

China loans Mauritania $87m for port construction

China has extended Mauritania a $87 million loan to be used for the construction of a fishing harbor expected to generate 800 permanent jobs and handle around 400,000 tons of merchandise yearly. Minister of Finance and Industry Cheikh El Kebir Moulaye Taher told lawmakers Tuesday that the future port will be located 25 km north […]

Asia Business Headlines International Maghreb Morocco

Chinese Investors Interested in Business Opportunities in Sahara

Chinese investors showed interests in the huge business opportunities offered in Morocco’s Sahara provinces and particularly in the region of Laayoune-Sakia El Hamra. It seems that the Chinese are looking for their share of the pie as several foreign investors are already operating in the Moroccan Sahara region, which is emerging as a gateway for […]

Asia Business Headlines International Maghreb Morocco

Moroccan airline RAM to launch Casablanca-Beijing air route in January

Morocco’s flag carrier RAM will start operating three flights per week between Casablanca and Beijing on January 16 as part of an expansion plan that also includes the acquisition of new long-haul aircrafts. RAM officials hope that the new route will help connect other African airports to Beijing Daxing airport, one of the largest in […]

Asia Business Headlines International Maghreb Morocco

Belt & Road initiative at heart of Arab-Chinese cooperation

Relations between China and Arab countries have been fostered after the launch of the Belt and Road initiative paving the way for more Chinese investments in the region. The remark was made by Chinese and Arab diplomats and officials attending the 8th Conference on Arab-Chinese Relations and Dialogue between Arab and Chinese Civilizations for the […]

Asia Business Headlines International Maghreb Morocco

World’s largest aluminum wheel producer launches second factory in Morocco

Chinese Citic Dicastal group, the largest producer of aluminum wheels in the world, launched a second factory worth €350 million in Morocco’s Kenitra, one year after opening a plant in the same area. Part of a project dubbed, Citic Dicastal Africa, the new plant stretches over a surface area of 30,000 square meters and will […]

Asia Finance Headlines International Morocco

China’s Export Import Bank taps into Attijariwafa Bank African network with $5 bln

China’s Export Import Bank and the Casablanca-based Attijariwafa Bank will join efforts in a $5 billion bank dedicated to boosting African exports to China and promoting industrial activity in the countries where the Moroccan bank operates. The deal attests to the credibility and large network of Moroccan banks in Africa, as well as Morocco’s efforts […]

Africa Asia Headlines International

South Sudan gets $600 million from China to pay civil servants

The government of South Sudan has received around $600 million from the Chinese government to pay outstanding civil servants’ salaries. South Sudan News Agency, quoting government sources, said the new loan aims to cover salaries payment. The move comes weeks after many South Sudanese deputies boycotted the presentation of the 2019-2020 budget, rising against the […]

Asia Business Headlines International Maghreb Morocco

Morocco on course to attract half million Chinese tourists annually

Morocco is set on diversifying its tourist emitting markets with the signing with Chinese tour operator, C Trip, of an agreement that could bring 500,000 tourists annually.   The North African country has attracted 12.3 million tourists in 2018 making it the largest African tourism market as it has become the 30th most visited country […]

Asia Headlines International Morocco

China & Morocco to Set up Traditional Medicine Center in Casablanca

The creation of a Chinese-Moroccan center of traditional medicine was at center of talks held this weekend in Shanghai between Moroccan health minister Anas Doukkali and Chinese officials.   The center will be set up in Casablanca. It will offer traditional medical treatments, training and the possibility to carry out scientific research.   This center, […]

Africa Asia Energy Headlines International

China to help Kenya pick location of first nuclear power plant

The Indian Ocean, Lake Victoria and Lake Turkana have been identified as the most optimal sites for the establishment of Kenya’s first nuclear power plant, local media reported.   China National Nuclear Corporation (CNNC) is helping the East African nation’s Nuclear Power and Energy Agency (NuPEA) to identify the sites that would host the first […]