NewsNorth Africa

Tue,23Sep2014

North Africa

Finding a balance between Trade and Climate change

Parched soil by the White Nile. Khartoum, Sudan. Photo©Arne Hoel / World BankIs Africa under a climate change siege? Can the region expand its trade under current conditions? Experts say yes to both questions, but, in addition to reducing barriers to new and existing trade, countries will have to use their ecosystems to protect the continent's productive sectors from the negative impact of climate change.

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African countries come to the WTO prepared - Arancha González

Arancha González, ITC executive director. Photo©ITCThe International Trade Centre (ITC), a subsidiary of the United Nations Conference on Trade and Development (UNCTAD) and the World Trade Organisation (WTO), provides technical assistance on global trade to businesses in developing countries. Arancha González, the ITC's executive director, talks about the centre's activities and Africa's growing influence in the global marketplace.

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Infrastructure: Dangote's cement rivals

With the growth in continental production capacity many countries can cut their imports. Photo©ReutersAfrica's economic growth is driving demand for building materials. Nigeria's Dangote Cement and Europe's Lafarge and Holcim are the top players fighting for dominance in Africa's cement trade.

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Egypt must cut red tape to win second Suez Canal investors

Photo©ReutersEgypt must strip back bureaucracy to attract investment in its planned second Suez canal and bring in new laws making it easier for companies to get licences and land, a legal firm linked to the project said.

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Safi Energy secures $2.6bn financing to build Moroccan power plant

Photo@ReuterscoalSafi Energy Company has secured $2.6bn in financing to build a 1,386-megawatt coal-fired power plant in southern Morocco, state news agency MAP reported.

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Egypt reaches $8.5 bn funding goal for Suez Canal expansion

Photo©ReutersEgypt has raised the $8.5 billion it needs to fund a project to expand the Suez Canal, the central bank governor told state television on Monday.

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