First Independent Mena Newspaper
South African President Cyril Ramaphosa has welcomed the opening of a new Huawei Innovation Center in the country, expressing hope that the Chinese giant’s new technologies would help Africa “leapfrog into the Fourth Industrial Revolution.” Speaking at the launch event in Johannesburg, Ramaphosa commended Huawei for its “confidence in the South African economy and its […]
Not all Africans are poor — this could arguably be the main message from the 2023 edition of the annual Africa Wealth Report by London-based Henley & Partners that reveals that the ‘Big 5’ wealth markets in Africa — South Africa, Egypt, Nigeria, Kenya, and Morocco — together account for a significant 56% of Africa’s […]
The Johannesburg Securities Exchange (JSE)-listed AEP Energy will convert the two diesel-fired Nairobi power plants it’s acquiring from Iberafrica to gas-fired generators whose electricity is cleaner and cheaper, the company said. The South African giant is buying out Spanish company Naturgy Energy Group, which held 100 per cent shareholding in the Iberafrica diesel plants […]
Morocco’s economic capital, Casablanca, has been ranked second African city to house the largest number of billionaires by Forbes Africa Magazine in its 2017 ranking of African billionaires. The city comes right behind the Kenyan capital Nairobi, which has toppled the South African capital Johannesburg. Casablanca, according to the famous magazine, is home to 5,000 […]
Casablanca Finance City has leapt up 9 places in the new ranking of the Global Financial Centers Index (GFCI) released on Monday in Busan, Korea. According to this new ranking, unveiled in the seventeenth Global Financial Centres Index (GFCI 17) which rates 82 financial centers, Casablanca Finance City has moved up from the 51st rank […]
A Moroccan diplomat accredited to South Africa has been reportedly killed and his lifeless body was found in his home in Pretoria on Tuesday. According to Morocco’s Embassy in South Africa, the victim, M. Noureddine Fatmi, who was in charge of consular affairs, was apparently murdered in his apartment in the district of Monument Park […]
Casablanca Finance City or CFC has won 11 positions in the new ranking of the Global Financial Centers Index (GFCI) released on Monday at a ceremony hosted by the CFC authority in Casablanca. With this new ranking of 83 financial centers, Casablanca Finance City has moved up from the 62nd place it held last March, […]
The Egyptian government has set aside several development and investment projects despite the ongoing crisis as revealed by the ministers of the civil aviation and investment respectively. The Civil Aviation Minister, Samir Embaby Mewaly, has announced that the government will be pumping $20 million in a project aimed at developing the vicinity of the capital’s […]