Egypt Features Headlines

East Cairo Monorail Set for Landmark Launch on 9 November

Egypt will inaugurate the first phase of the East Cairo Monorail on 9 November, marking a transformative step in Greater Cairo’s transport modernization agenda. Announced by Deputy Prime Minister and Minister of Industry and Transport, Kamel El-Wazir, during the second Cairo Forum, the project forms part of a broader national vision to enhance connectivity between […]

Business Features Finance

New ‘independent’ Africa credit rating agency on track to launch in 2025

A new credit rating agency designed to address the needs of sovereign borrowers in Africa, and led by an African Union (AU) Commissioner, is on track to be launched in 2025, according to a senior AU official. Speaking with reporters in Accra, the AU Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, Albert Muchanga, […]

Business Emerging Markets Headlines Morocco

Industry takes lion’s share in Morocco’s government investment plan for 2023

The Moroccan government has approved 76.7 billion dirhams, or 7.67 billion dollars in investment projects, of which the industrial sector took the largest chunk. The government geared 53.6 billion dirhams to industry, that is 70% of the total investments planned this year, followed by desalination with 14% and renewable energies with 4%. In total 21 […]

Africa Features Headlines International

Burkina Faso, Guinea ink 22 agreements spanning several areas

Burkina Faso and Guinea have signed 22 agreements in several areas including security and defense, Anadolu news agency reports. The agreements were signed during the Joint Cooperation Commission held over the week-end, the agency notes, citing a report of the meeting. The report reveals that the agreements cover areas including crafts, air services, transport and […]

Headlines Tunisia

Tunisian Parliament rubber-stamps cabinet reshuffle

Tunisian Prime Minister Hichem Mechichi won a confidence vote from the parliament for the recent cabinet shake-up that saw the entry of 11 new ministers. Lawmakers approved Mechichi’s new picks for the ministries of interior, justice, health, employment, industry, energy, agriculture, environment, sports, culture and land affairs. Mechichi conducted the reshuffle on Jan. 16 on […]

Business Headlines Morocco

Moroccan industry retrieves 93% of jobs lost to Covid-19

The Moroccan industry is steadily recovering from the repercussions of the coronavirus and the restrictive measures related to it with 93% of jobs lost to the virus now retrieved, industry minister Moulay Hafid El Alamy said. In this respect, 100% of jobs lost in the pharmaceutical industry were restored while the rate is 97% for […]

Business Headlines Morocco

Morocco leading African country in infrastructure, industry- PM says

Morocco is among Africa’s best performing countries in industry, scientific research and infrastructure, said Head of the government Saad Eddine EL Othmani. Morocco comes on top of African rankings for best highways and motorways as well as best rail network and largest ports, said El Othmani. “This is the result of well-thought strategies,” he said, […]

Headlines Morocco

South Sudan’s President Rejects Parallel between his Country’s Independence and Sahara Issue

South Sudan’s president Salva Kiir Mayardit put the final nail in the coffin of the Algerian-backed SADR separatist entity by making it clear that there is no parallel between his country’s struggle for independence and the Sahara issue. “While considering that the issue of the Sahara is different in its genesis, legal and political background […]

Headlines Morocco

Zambia’s President Sees Promising Prospects for Ties with Morocco

Ahead of the upcoming visit by King Mohammed VI to Lusaka, President of Zambia, Edgar Lungu, expressed strong will to boost ties with Morocco, several Zambian media outlets reported. “I do look forward to receiving His Majesty at the end of the week. I am confident we shall have fruitful discussions aimed at augmenting bilateral […]

Headlines Morocco

King Mohammed VI to Visit Ethiopia after COP22

King Mohammed VI has postponed his visit to Ethiopia until the end of the climate summit COP22 which will be organized in Marrakech on November 7-18. A statement of the Royal office said that King Mohammed VI and Ethiopia’s Prime Minister Haile Mariam Dessalegn held talks over the phone and agreed to postpone the visit […]