Economic

Two Auto Battery Plants to Be Built in Morocco by Chinese Companies, Reports Say

According to media reports, an agreement was inked last year by the Moroccan government and China’s power battery company Gotion to explore the possibility of establishing an electric vehicle battery factory in the kingdom, with a potential investment of up to $6.3 billion. Two auto battery plants are planned to be built in Morocco by Chinese companies, […]

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Uganda Named Best Investment Destination in Africa by AIM Congress in Abu Dhabi

This is the second time the East African nation has received an accolade from AIM. In 2023, it won the award for the best investment destination in East Africa for attracting the best investment projects. The 13th Annual Investment Meeting (AIM) in Abu Dhabi recognized Uganda as the best investment destination in Africa, Anite Evelyn,

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Egypt’s Economic Outlook Brightens as External Financing Risks Ease

The upgrade comes as Egypt has secured significant foreign investment from the UAE and financial support from the IMF. The North African country has implemented measures to address its external financing challenges. Global ratings agency Fitch has revised Egypt’s economic outlook from stable to positive, signaling growing confidence in the country’s financial stability. A recent $35

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Economic empowerment of women and young market gardeners in N’djili thanks to the MEDTOPI project

As part of the MEDTOPI project, a promising sustainable development initiative has just emerged in N’djili, Kinshasa. This project, supported by Humundi and executed by Caritas Développement Kinshasa, recently obtained funding of €149,000 from Bruxel International – Hub Brussels. As part of the MEDTOPI project, a promising sustainable development initiative has just emerged in N’djili,

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Gabon Returns to Economic Community of Central African States

Following the military overthrow of Gabonese President Ali Bongo Ondimba in August 2023, the country was suspended from the Economic Community of Central African States (ECCAS) and the African Union pending a “return to constitutional order”. Gabon’s membership in the Economic Community of Central African States was reinstated on Saturday, more than half a year after a

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