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North Africa

Ethiopia, Algeria Agree to Enhance Business Ties

business

State Minister Hirut Zemene dubbed Ethio-Algerian relations ‘very fraternal’. Foreign State Minister Hirut Zemene discussed ways of improving economic cooperation with her Algerian counterpart Ramtane Lamamra in Oran, Algeria Sunday. In a statement to the press after the meeting, Hirut said the talks focused on improving bilateral consultations. “We have agreed to further develop our business and people-to-people relations,” she ...

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Algeria, Saudi Arabia Sign MoU On Trade Cooperation

saudi

Algeria and Saudi Arabia signed Tuesday, in Riyadh, a memorandum of understanding in trade cooperation as part of the official visit paid by Prime Minister Abdelmalek Sellal to Saudi Arabia. This agreement was signed, on the Algerian side, by Minister of Maghreb Affairs, African Union and Arab League Abdelkader Messahel and Minister of Commerce and Investment Majed Al-Kassabi, on the ...

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Sudan: Investment Minister Welcomes Tunisian Traiki Investment Group

money

The Minister of Investment Dr. Mudathir Abdul-Ghani Abdul-Rahman reviewed, when he met with the Tunisian Traiki Investment Group’s delegation Tuesday, investment opportunities in the country The minister pointed to the advantages and incentives granted to investors including exemptions from customs, simplification of procedures and the guarantees offered by the Investment Law, adding that the investment is deemed as an important ...

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Tanzania: Egyptian Investors Eye Tanzania Health Sector

gold

Egyptian business executes have said they are interested in investing in Tanzania. They recently toured Tanzania to explore investment opportunities. Delegation leader Moustaf Nour told The Citizen that Tanzania’s abundant resources and conducive environment were attractive for investors. The World Bank’s Doing Business Report, released in October 2016 ranked Tanzania No. 132, up from No. 139 last year. He named ...

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Egypt: New Tariffs Could Boost Customs Revenues By Egp 6 Billion – Finance Ministry

tarriff

Import tariffs increases would boost customs revenues by EGP 6 billion a year, if imports remained at current volumes, Egypt’s finance ministry said in a statement on Sunday. Egypt has imposed on Thursday an increase on customs duties on 320 goods, to 60 percent for many items. The decision aims to encourage domestic production and reduce imports, according to the ...

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Egyptian Pound Official Rate Remains Steady, Plummets On Black Market

cairo

Egypt’s central bank kept the pound steady at the official rate on Tuesday, while it traded at an unprecedented 18 pounds to the dollar on the black market in the past two days. The central bank said it sold $120 million at the weekly sale, with the cut off price stable at the official rate of 8.78 pounds per dollar, ...

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Algeria: Air Algerie Plans to Launch New International Routes, Says CEO

algeria

CEO of Air Algérie, Mohamed Abdou Bouderbala, on Monday in El -Oued announced plans to reinforce national airline’s air transportation network by the launching of new international routes. “Air Algérie plan to launch new international routes is part of the airline strategy to meet the demands of its customers from the Algerian community abroad and the economic operators,” said Mohamed ...

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Egypt: Alternative Fuels Can Help Power Egypt’s Cement Sector, IFC Study Finds

egypt

A new report by IFC, a member of the World Bank Group, finds that Egypt’s cement producers could save money and lower greenhouse gas emissions by using waste, so-called alternative fuels, to power their production facilities. The study, Unlocking Value: Alternative Fuels for Egypt’s Cement Industry, assessed the potential for producers to increase the use of alternative fuels and recommend ...

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Liberia: Morocco to Raise U.S.$30 Billion for Africa Agriculture Sector

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The Government of Morocco has launched a new initiative that seeks to mobilize US$30 billion to assist African countries in the agriculture sector to transform and adapt to changing climate. According to the media advisory on the 22nd Sitting of the Conference of the Parties (COP22), discussions will center on how to implement the new idea at a comprehensive gathering ...

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