First Independent Mena Newspaper
The EBRD has lent €186 million the Fayoum Water and Wastewater Company to enable improve living conditions of the local three million inhabitants through the development and expansion of wastewater services. The EBRD financing will be complemented by a loan of €172 million provided by the European Investment Bank, while the EU Neighborhood Investment Facility […]
The Algerian government released its 2030 vision for economic development, dubbed “New Growth Model,” warning of the unsustainability of the current subsidies system and urging economic diversification to reduce dependency on hydrocarbons. “In all sectors of the public service (electricity, gas, water, rail transport, telecommunications), tariffs are kept at levels lower than the cost of […]
Morocco and Madagascar have decided to lift their cooperation in all sectors to new higher levels within the frame of a solidarity-based and win-win partnership. The two countries hailed the excellent friendship ties existing between Moroccan and Malagasy people and the 12 intergovernmental agreements, inked in the fields of politics, agriculture, sea fishing, energy, logistics, […]
Moroccan Outiti Bouziane has won lately the Energy Globe Award 2016 for the liquid sewage treatment project carried out in the province of Al-Haouz, suburbs of Marrakech, one of the world’s popular travel destinations. The wastewater treatment project, carried out in the rural village of Asselda in a bid to improve the living conditions of […]
The Moroccan Oulmès water company (LEMO) announced Wednesday it notched a deal with the Benin water company “Eau Techonologie Environnement” (ETE) becoming the main shareholder of ETE with 55%. The deal was signed on August 17 after LEMO clinched 55% shareholding from Cauris Croissance Fund (45.74%) and Christian Mondjanagni (9.26%) founder and shareholder at ETE. […]
Morocco’s King Mohammed gave a good lesson in civics in a speech he delivered on Thursday on the occasion of the 62nd anniversary of the Revolution of the King and the People, a milestone in the fight against French colonization that speeded up the independence of the North African country. From the onset, the King […]
Ethiopia’s project to construct the Grand Renaissance Dam, a $4.2 billion hydroelectric project that will divert the Blue Nile from its natural course, has flared up passions downstream in Egypt. Although some experts deem that Ethiopia’s move is largely technical and will not alter the water flow that is vital for both downstream states, Egypt […]
The Arab Contractors (AC), one of the leading construction companies in Egypt and the MENA region, has won a $30mln contract for the extension and modernization of the Abidjan International Airport cargo facilities. The project, funded by the Islamic Development Bank, will enable the Ivory Coast authorities to replace the old airport by a new […]