NewsNorth Africa

Mon,20Nov2017

North Africa

Tunisia to offer $50bn of projects to foreign investors

Tunisia's Investment Minister Fadhel Abdelkefi in Tunis, Tunisia. Photo: Zoubeir Souissi/ReutersTunisia will offer foreign investors and financiers participation in $50bn of projects as it seeks to create jobs to maintain political stability, the country's investment minister said.

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Libya resumes output at key Waha oilfield

Oil workers at a refinery inside the Brega oil complex in eastern Libya. Photo: Hussein Malla/AP/SIPALibya resumed production at the key Waha oilfield last week bringing overall production to 580,000 barrels per day, a senior Libyan oil official said on Tuesday.

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Barclays sells Egyptian business to Morocco's Attijariwafa Bank

The logo of Barclays is seen on the top of one of its branch in Madrid, Spain. Photo: Sergio Perez/ReutersBritain's Barclays has completed the sale of its Egyptian business to Morocco's Attijariwafa Bank as part of its shift towards focusing on the United States and Britain.

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Chinese company to spend $20bn developing second phase of Egypt's new capital

A model of a planned new capital for Egypt is displayed for investors. Photo: Amr Abdallah Dalsh/ReutersChina Fortune Land Development (CFLD) has signed a deal to develop and manage 14,000 acres (5,700 hectares) of Egypt's new administrative capital at a cost of $20bn, the Egyptian cabinet said in a statement on Monday.

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Egypt's fintech innovators pick up speed

Candidates brainstorm at the 1864 accelerator bootcamp. Photo: Vinciane Jacquet for The Africa ReportA highly informal economy has inspired tech innovators to find tailored solutions, and investors are responding.

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Morocco signs deal with Boeing to attract suppliers

The Boeing logo is seen at their headquarters in Chicago. Photo:Jim Young/ReutersMorocco has signed an agreement that Boeing will seek to attract its suppliers to boost the kingdom's aeronautics industry.

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