August 30, 2016


Morocco Among Best-Selling Destinations for Travel Agencies

Morocco is among the best-selling destinations for travel agencies, according to the monthly barometer of the French National Union of Travel Agents.

French news website, Atlas Info, reported on Saturday that Morocco showed an increase of seven percent for travel in July 2016 compared to July 2015.

In collaboration with “Atout France,” the barometer indicates that the"......

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August 30, 2016


Sonatrach in counterattack on Saipam in Paris

Algeria’s energy group Sonatrach change its strategy in international arbitration case against Italy’s Saipem. It asked for considerable compensation of more than 322 million euros.

This comes in response to Italians’ request for more than 1.7 billion euros compensation.

According to a financial report, Sonatrach asked Saipem to pay it 35 million"...

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August 29, 2016


Japan-Africa business deals have potential to transform Africa: Kenyatta

Kenyan President Uhuru Kenyatta said on Sunday that a summit of African government and business leaders with their Japanese counterparts had “the potential to transform the African continent.”

Kenyatta made the remarks at the Tokyo International Conference for African Development (TICAD) in Nairobi.


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August 29, 2016


Nigeria Requires $3.1 Trillion to Meet Infrastructure Needs - Hadi Sirika

Nigeria would be needing a huge investment of $3.1 trillion dollars to implement the National Integrated Infrastructure Master Plan over the next 30 years in providing critical infrastructure for the nation's development, Minister of State for Aviation, Senator Hadi Sirika has disclosed.

Speaking while delivering his lecture at the 8th Engr. Armiya'u Memorial Lecture and"...

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August 29, 2016


New fiscal encouraging measures to support cars industry in Algeria

Although the government attracted many car making brands as part of partnerships, it decided to continue encouraging this industry through fiscal measures.

The draft financial act 2017 will include fiscal measures meant to encourage investment in cars assembly. This reflects the government’s endeavour to concretize a local industry and cover national demands. This would also lighten the burden on the Public Treasury by reducing cars importing bill.


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August 28, 2016



Algeria welcomed yesterday's statement of the Libyan Presidential Council consult widely to present to the Council of Representatives a consensus proposal of government of national agreement. "The Algeria welcomes the statement by the Libyan Presidential Council which he made state, in particular, its full readiness to work with the Council of Representatives and the Council of state as part of the application of the terms of the political agreement signed December 17, 2015 by the Libyan parties and willingness to lead broad consultations with the vital forces of society, to present to the Council...

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August 25, 2016


IMF approves $723 million loan to Jordan

The International Monetary Fund has approved a $723 million loan facility to Jordan in a three-year program to support economic and financial reforms aimed at lowering public debt and accelerating growth, it said on Wednesday.

The IMF said in a statement the first $72.3 million tranche was to be paid immediately, and the remaining amount would be disbursed over the duration of the program.


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August 25, 2016


Morocco, Third Most Attractive Investment Destination in Africa, Havas Horizon

Efforts and investment policies implemented by Moroccan authorities to make the kingdom one of the first investment destination in Africa are paying off.

The Paris-based consulting firm Havas Horizon has ranked, in its latest report, the North African country the third most attractive investment destination for the coming years.

The report titled “Financing"...

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August 23, 2016


Telecoms: MTN South Africa to sell $729m stake to black investors

South African mobile phone company MTN Group will sell shares worth 9.9 billion rand ($729 million), a 4 percent stake, to black investors to meet government quotas on black ownership.

Africa's biggest telecoms firm said the new black economic empowerment deal would be launched via a public offer next month to replace an existing scheme that is due to unwind in November.


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August 22, 2016


Renewed strategy for Africa’s development goals

Emefiele emerges leader of region’s central bank chiefs

The challenge of declining economic fortunes in Africa despite its acclaimed potential has been unanimously taken on by the Assembly of Governors of the Association of African Central Banks (AACB).

The group, which said it has fashioned out its model of unwinding unconventional monetary policies suitable"...

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