Shandong Daye, a leading Chinese manufacturer of steel wire for tires, has unveiled plans to invest $208.5 million in a new production facility in Morocco's “Tangier Tech” industrial zone.

The Institute of Statistical Social and Economic Research (ISSER) has projected Ghana's growth rate to hit 4.5 percent by the end of 2024.

The projects focus on providing technical support to local industries across various sectors. Minister Al-Wazir highlighted the government’s emphasis on utilizing renewable energy sources efficiently to meet Egypt’s energy demands.

The Egyptian Cabinet adopted Wednesday an action plan to create a mechanism to fund studies, implement developmental projects and infrastructure in Nile Basin countries in fulfillment of the directives of President Abdel Fatah El-Sisi.

After years of recurrent power cuts, Namibia seems to have taken renewable energies seriously, turning to Chinese firms for help with the country’s largest solar plant.

Egypt is in talks with Chinese investors to launch approximately 7 to 8 major projects requiring investments exceeding $100 million.

Riva Industries, a Moroccan steel manufacturer, launched on Saturday an integrated industrial complex in Jorf Lasfar, backed by a substantial investment of approximately 2.9 billion dirhams ($290 million). 

After the post-COVID collapse, the inflow of Foreign Direct Investments (FDIs) into Morocco is showing strong signs of recovery.At the end of the first five months of 2024, FDI surged to MAD 16.1 billion ($1.6 billion), up 19.6% year-over-year, according to recent data from Office d’Echange (OE), the country’s foreign trade watchdog.

Recent years have witnessed the implementation of numerous reforms aimed at empowering the private sector, Egypt’s Minister of Finance, Mohamed Maait. Said Sunday.Maait referred to the competition law which can enhance the competitive neutrality.