Egypt and Germany sign a $134 million agreement to support education and wind energy projects €32 million will fund 25 Centers of Excellence and applied technology schools Total value of debt swap instalments between both countries now reaches $338 million Egypt and Germany have signed a financial cooperation agreement worth €118 million (about $134 million)...

French retailer Casino partners with Morocco’s H&S Invest Holding to open 210 Franprix and Monoprix stores by 2035 The move follows a similar agreement in Egypt to launch 30 stores by 2028 Casino’s expansion strategy aligns with the booming MENA retail market, projected to hit $1.4 trillion by 2032 Casino Group, one of France’s leading mass-market retailers, has...

French agricultural exports to Africa declined by 2% in 2024 to $5.8 billion, a loss of about $114 million Sub-Saharan Africa saw the sharpest drop due to lower wheat imports and rising competition North African imports held steady, though political tensions affected trade with Algeria In 2024, Africa remained the third-largest market for French agricultural exports...

Dangote Industries expects to earn up to $7 million daily from fertilizer exports within two years The group’s wider export portfolio includes cement, coal, polypropylene, and refined products Port infrastructure upgrades are underway to support the scaling of Dangote’s export operations Dangote Industries Limited (DIL) projects that it could generate up to $7 million...

• Nigeria secures 1,000 billion naira (about $630 million) to expand mining exploration in 2025• The initiative targets improved geological mapping to attract investment in the underperforming sector• The mining sector, though valued at $700 billion, contributes only 1% to national GDP Nigeria’s government has committed 1,000 billion naira (about $630 million) to support...

• Morocco and Kenya signed five MoUs covering trade, housing, public service, and youth affairs• Kenya seeks to boost tea, coffee, and produce exports to help balance its trade deficit with Morocco• In 2023, bilateral trade totaled $24.49 million, heavily tilted in Morocco’s favor Morocco and Kenya have strengthened their bilateral relationship through the signing of five...

• Nigeria LNG has awarded around $90,000 in grants to 28 young entrepreneurs in Rivers State• The initiative is part of a broader SME-focused scheme addressing youth unemployment in Nigeria• The VIBES program combines training, financing, and mentoring to foster sustainable startups Nigeria LNG (NLNG) has invested around $90,000 (140 million naira) to support 28 young...

• Ethiopian Airlines adds a twelfth Boeing 777-200LR Freighter to support its Vision 2035 strategy• The aircraft will boost cargo capacity amid rising global freight demand and e-commerce growth• The move consolidates Ethiopia’s leadership in African air logistics and trade connectivity Ethiopian Airlines has expanded its cargo fleet with the delivery of a twelfth Boeing 777-200LR...

• Maroc Telecom and Inwi have asked Morocco’s telecom regulator to approve a shared infrastructure plan• The proposal includes launching two new entities for fiber and tower development• The regulator has opened a public consultation, with a decision expected after May 30 Longstanding rivals in Morocco’s telecom sector, Maroc Telecom and Inwi, have submitted a joint proposal to the...

• Family Bank plans to list on the Nairobi Stock Exchange in 2026 to boost share liquidity and finance its growth strategy• The IPO marks a potential revival for the NSE, which hasn’t seen a fund-raising listing since 2015• The bank also aims to modernize its core systems and expand regionally under a five-year plan Kenya’s Family Bank has announced plans to list on the Nairobi Stock...