Investments & Projects

China and Tunisia signed Tuesday inked a grant deal valued at around $14.2 million (TND40 million) earmarked for the financing of projects in the North African country.

Algebra Ventures announced the launch of its second $ 90 million fund dedicated to investing in startups with a focus on Egypt and allocating a special stake to the Middle East and Africa region.

Electricity Minister Mohamed Shaker has witnessed the signing of an agreement to establish a photovoltaic power station in Zaafarana city in Suez at a cost of 38 million euros.

Morocco’s latest gas projects move the country “closer to unlocking [its] domestic gas riches,” according to Global Data, an international data analytics and consulting company.

Egypt has set a number of green projects to accomplish within its Vision 2030. Those included in FY 2020/2021 amount to 691 projects receiving allocations worth LE447.3 billion.

The World Bank has approved a $440 million worth development fund to enhance the Egyptian railway system, International Cooperation Minister Rania el Mashat said Saturday.

The African Development Bank (AfDB) Group last Friday signed a $400,000 grant agreement with the Securities and Exchange Commission (SEC) of Nigeria to strengthen securities markets regulation and broaden market instruments.

The public participation brought together Project Affected Persons (PAPs), officials of water companies, Kenya Power Company, and other relevant government agencies on land acquisition and project implementation from Sagana to Marua in the dualling of the 84km Kenol-Marua road.

The National Office of Electricity and Drinking Water (ONEE) is investing MAD 2 billion ($224 million) to boost the power supply in Morocco’s southern provinces.