Nissan announced, in a release published yesterday, a partnership with Algerian group Hasnaoui for a $160 million vehicle plant in Algeria. According to the release, more than 1,800 jobs will be created thanks to the plant, which should be completed by 2020. Apart from these new jobs, the plant will support many more in the supply chain. This new plant with a production capacity of 63,500...

OCP Group and NYSE-listed Cummins Inc’s MENA subsidiary signed a strategic partnership for the construction of a Master Rebuild Center (MRC) for Cummins High Horsepower engines in Khouribga, Morocco. This was announced in a release published on February 12, 2019, by OCP Group. According to this release, the new MRC, which will be completed by 2021, will be the second in Africa and the first in...

Germany provided €40 million to Tunisia for an E-government program, according to a communique published on February 12, 2019, by Tunisia’s ministry of development, investment and international cooperation. “ The modernization of the administration, a key theme of major reforms, is being implemented by the government”, said Zied Ladhari (photo), Tunisia’s minister of...

Connectivity and data center provider MainOne and satellite provider Avanti Communications signed a partnership agreement to extend broadband access to under-connected and non-connected communities. The partnership was revealed last week during Nerds Unite 2019, the annual conference organized by MainOne, which gathers IT professionals to share knowledge, learn, discover new opportunities and...

In South Africa, the communications minister Stella Ndabeni-Abrahams (photo), withdrew the controversial electronic communication law submitted to the parliament in October 2018. This decision was taken on February 12, 2019 during a meeting of the parliamentary committee in charge of telecommunications and postal services. The amendment which aroused telecom operators’ wrath some months ago...

Remittances from the Egyptian diaspora reached $25.5 billion in 2018, representing a 3.1% increase compared with the $24.7 billion of 2017, according to figures published by Central Bank of Egypt on February 12, 2019. Remittances have become the main sources of foreign exchange reserves in Egypt where it is still hard for authorities to boost exports and foreign direct investments...

Morocco's Stokvis North Africa kept rising on Casablanca stock exchange despite the announcement of disengagement from an important partner. Its shares has just completed four days in a row without a loss on the stock exchange even after Mitsubishi withdrew its license for exclusive representation on its Mitsubishi Forklift trucks. The Japanese firm was said to be unsatisfied with the sales...

The automotive equipment supplier Tuyauto Gestamp Morocco received a €7.5 million loan from the European Bank for Reconstruction and Development (EBRD) to fund the development of its welding and structural steelwork activities, the EBRD announced in a release published February 11, 2019. A co-venture of Spanish Gestamp Automocion and Moroccan firm Tuyauto, Tuyauto Gestamp Morocco will...

The Chairperson of the African Union Commission (AUC), Moussa Faki Mahamat and the President of the African Development Bank Akinwumi Adesina, met Tuesday in Addis Ababa to reaffirm their commitment to accelerate Africa’s economic transformation. Mahamat and Adesina co-chaired a high-level consultative meeting attended by senior management of both institutions to take stock of the ongoing...

The African Development Bank and UN Women held their fourth steering committee meeting on 8 February 2019 in Abidjan, Cote d’Ivoire. The two institutions have signed a memorandum of understanding in March 2016 and have since then implemented a joint roadmap to advance gender equality on the African continent. This steering committee meeting aimed to review progress and define next steps in the...