First Independent Mena Newspaper
Africa Collective, an independent, business-driven network dedicated to creating a platform for exchange and action on African topics, will kick off a series of activities during the time of the World Economic Forum (WEF), which takes place January 15-19 in Davos, Switzerland. Held in partnership with the African Continental Free Trade Area (AfCFTA) Secretariat, Africa […]
Safran group, a leader in aircraft equipment manufacturing, has pledged to support and develop further Morocco’s aerospace industry ecosystem which continues to attract foreign investment. Under an agreement signed Wednesday with the Moroccan government, the French company, which designs, develops and manufactures aircraft engines & rocket engines, pledges to support its local suppliers and service […]
Desert Metals, a mining company listed in Australia, has acquired Côte d’Ivoire-based CDI Resources Limited (CDI) that controls seven gold and lithium projects in the West African country. CDI, through its subsidiaries CDI Minerals and CDI Lithium, holds interests in seven gold and lithium projects. The projects, 2,769km² in landmass coverage, comprise granted mineral permits […]
Tanzania’s Foreign Direct Investment (FDI) figures went up almost twofold year-on-year to $1.05 billion between July and September against $524.4 million in the same period last year, a positive development that is widely attributed to growing investor confidence in the East African country. Released by the state-run Tanzania Investment Centre (TIC) in its quarterly bulletin […]
Africa Development Bank (AfDB) has announced the launch of the Special Agro-Industrial Processing Zones Alliance (SAPZ) to mobilize at least $2 billion in financing and investment commitments from its members to develop the continent’s food and agribusiness industry over the next five years. The project has been hailed as a significant step towards making Africa […]
STAR SEAFOOD, a Norwegian Seafood Company, is mulling plans to inject €100 million into Mauritania’s Nouadhibou free trade area for a three-phase project that will generate more than 2,800 jobs. The chairman of the authority of the FTA of Nouadhibou (the country’s second city) Ba Abdoulaye Mamadou met Monday October 30 with representatives of the […]
Governments from Africa’s Sahel have recently met with potential donors and other organizations at the Hand-in-Hand Investment Forum 2023, organized by the Food and Agriculture Organization of the United Nations (FAO), where they presented dozens of projects aimed at boosting agricultural production and food security in a sustainable and profitable way. The FAO’s matchmaking initiative, […]
Chinese power and fiber optic cable manufacturer Hengtong will set up a plant in Egypt to produce fiber cable as result of a deal between the Chinese company and the Suez Canal Economic Zone (SCZONE). Hengtong will invest $18 million for the project with a capacity of up to 2 million kilometers in the zone. […]
Egypt Wednesday August 30 accorded South Korean tech giant Samsung a golden license to set up a mobile phone plant to produce, after the North African provided the firm another permit to manufacture tablets for educational use. The future factory, 6,000 square meters, is expected to generate 768 direct and indirect jobs and located in […]
British Petroleum (BP), an oil and gas global giant, announced Monday August 28 plans to inject $3.5 billion in Egypt for the next three years. BP’s chief executive Bernard Looney made the announcement after meeting with President Abdelfattah al-Sisi. The investments will go towards research, exploration and development, the office of the Egyptian leader announced. […]