Over the past 10 years, US-exports to Morocco have tripled in volume since 2006 when the two nations signed a free-trade agreement. This was revealed in a study conducted by the International Trade Administration (ITA), the US State department in charge of international trade. In fact, according to statistics from the institution, American exports amounted to $482 million from 2003 to 2005...

In Kidal, Mali, 1,500 homes have been provided solar kits, as part of a solar energy project funded by UN’s mission to Mali (MINUSMA). The implementation of this project for the electrification of rural areas was carried out by NGO AFORD (Association for Training, Research and Development). “Families that received the kits are extremely happy, not only because they were given light but also...

The US and Cote d’Ivoire reinforced their cooperation by signing a contract related to modern aviation. US ambassador to Cote d’Ivoire, Terence McCulley, and Ivorian Minister for Foreign Affairs, Albert Toikeuse Mabri signed on August 16, 2016, the “Open Skies” Agreement which aims to boost trade relations in commercial aviation between the two countries. The agreement which is...

Chinese car manufacturer Beijing Automobile International Corporation (BAIC) will build a factory in an industrial zone situated in the Eastern Cape province, South Africa, for R11 billion ($823.30 million), the zone’s operator announced on August 18, 2016. An agreement for the investment was signed between the Public Chinese Group and the Coega Development Corporation, which manages the...

The Congolese government announced in a statement released on August 19 that it has scaled down its growth forecasts for 2016 to 4.3% from 5.3% earlier, as a result of low commodity prices. The authorities which initially expected a 9% growth this year has cut its projections thrice, in August and June, as demand for commodities slumped due to slowdown of Chinese economy and lower prices of...

On an inspection visit in Bejaia Wednesday, the Algerian Minister of territory, tourism and craftsmanship, Nouri Abdelwaheb announced that an investigation commission would be quickly set up to review tourism lands in the Kabyle wilaya and assess how State properties are attributed to private investors “Putting some order in the management of lands should solely profit investors that may add...

Crowdfunding, internet-based collective fundraising model that allows multiple individuals to directly finance (in a traceable manner) projects, is fully expanding across East Africa. In fact, online crowdfunding platforms have raised in 2015, $37.2 million, in four East African nations: Kenya -$22 million, Uganda - $7.5 million, Tanzania - $4.2 million and Rwanda -$3.5 million....

In Africa, the five most attractive nations for international investors are Ethiopia, Nigeria, Morocco, Ghana and Senegal. This was revealed in the latest study of consulting firm Havas Horizons and the Choiseul Institute covering 2016 to 2020 and entitled “Financing African Growth by 2020: Global Investors’ View”. In the framework of the study, 55 global investors active in Africa...

Nigeria’s crude oil production has dropped by 29% to 1.56 million barrels per day, against the country’s budget target of 2.2 million bpd, the Minister of State for Petroleum Resources, Emmanuel Kachikwu (photo) revealed. The Minister said the country’s production reduced by 700,000 bpd below the budget’s target production. The shortfall was as a result of the crisis in the Niger Delta...

Royal Dutch Shell is to become the first client to start lifting oil from the Tweneboa, Enyenra and Ntomme (TEN) oil field as the company is expected to lift some hundreds of thousands of barrels of oil from the field before the end of August.This is coming a day after the TEN field achieved its first oil flow on budget and on schedule, signaling commercial oil production from Ghana’s second...