NewsNorth Africa

Mon,10Dec2018

North Africa

Egypt's Carbon Holdings secures $1.25 bln to build petrochemicals complex

People enjoy a summer day at Ain El-Sokhna resort on the Red Sea, about 137 kilometers (85 miles) west of Cairo, Egypt, Monday Sept. 16, 2013. Photo:Khalil Hamra/AP/SIPAEgypt's Carbon Holdings has secured $1.25 billion in financing to build a giant petrochemicals complex in the Red Sea port of Ain Sokhna.

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African migrants turn to deadly sea route as options narrow

A member of the Marine Rescue team, center, looks at a small boat with 73 would-be immigrants aboard, sailing near the port of Christianos, after arriving from Mauritania at the Canary Island of Tenerife, Spain, Tuesday, March 21, 2006. Photo: ALVARO BARRIENTOS/AP/SIPA This year has seen a spike in African migrants sailing small wooden boats 1000 miles to the Canary Islands as the European Union and African nations cut off land routes to Italy through Libya, Niger and Algeria. Migrants say the deadly passage is one of the only viable options left

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Morocco's Attijariwafa bank to eye new Africa acquisitions from late 2019

All rights reservedMorocco's Attijariwafa Bank plans to launch a new acquisition push in Africa late next year, starting with Rwanda, Kenya and Ethiopia, a bank executive said on Thursday.

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Egypt: Sisi saved by a gas boom

Photo12/Alamy

The government’s gas-fired economic plan was a high-stakes gamble that paid off thanks to the Zohr super-giant discovery, leading to hopes of even larger gas fields

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Morocco eyes IMF deal on new credit line by end of year

Managing Director of International Monetary Fund (IMF) Christine Lagarde talks during a press conference ahead of the annual meetings of the IMF and World Bank in Bali, Indonesia on Thursday, Oct. 11, 2018. Photo: Firdia Lisnawati/AP/SIPAMorocco expects to reach an agreement with the IMF for a Precautionary and Liquidity Line (PPL) by the end of 2018, its economy and finance minister said on Tuesday.

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Morocco | Local links in the auto value chain

Renault’s Tangier plant, opened in 2012, produced its millionth vehicle in 2017; its success has led Peugeot to follow suit - DAVID TEMPLIER
In a booming sector dominated by foreign companies, local industry leaders are building on Renault and Peugeot plants to claim a bigger share of the market

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