First Independent Mena Newspaper
Marsa Maroc, leading port operator in the Kingdom, has announced a $300 million investment plan to expand container handling capacity at the Port of Casablanca after securing a 20-year extension of its concession to operate Container Terminal 3. The expansion will enable the port’s operator to meet growing container traffic at Morocco’s largest port. Terminal […]
Following the death of Yevgeny Prigozhin and the collapse of the Wagner Group, Russia has recalibrated its strategy in Africa, maintaining influence through a mix of rebranding, expansion, and diversification, according to a new study by The Global Initiative Against Transnational Organized Crime. The study by the Geneva-based organization notes that Moscow has quickly reassured […]
Africa’s rapid population growth is expected to lead to an increased demand on air travel, with Boeing expecting a robust annual growth rate of 6.4% in passenger traffic across the continent. Boeing, in its latest commercial market outlook, expects Africa’s commercial fleet to more than double by 2043. Regional aviation associate AFRAA estimates there will […]
Moroccan Attijariwafa Bank group, which is already present in North Africa and West Africa, is planning to set foot in East Africa through new acquisitions to be launched by the end of 2019, announced Youssef Rouissi, the bank’s deputy general manager. Speaking to Reuters on the sidelines of an investment conference in Johannesburg, Rouissi , […]