Chery Automobiles to Invest $110 Million in Algerian Vehicle Assembly Plant

2023-12-09 13:53:00 (Ecofin Agency) – The factory, whose production capacity will be gradually increased to reach 100,000 vehicles from the 3rd year, aims to meet the needs of the local market and export to neighboring countries. Chinese automaker Chery plans to invest USD 110 million in the construction of a vehicle assembly plant in Algeria, … Read more

Mediterrania Capital Partners Proposes Acquisition of Moroccan Payment Institution Cash Plus with Group of Investors

2023-11-17 18:31:00 (Ecofin Agency) – Having entered the capital of the payment institution Cash Plus in 2014, then exiting in 2021, Mediterrania is proposing to return there with a group of investors. Mediterrania Capital Partners, which invests in SMEs and medium-sized companies in Africa, is proposing to acquire, jointly with a group of investors, a … Read more

Ghana Agricultural Insurance Fund (AIF) Deployment by September 2024: Latest Updates and Information

2023-11-07 17:29:00 (Ecofin Agency) – In Ghana, the Agricultural Insurance Fund (AIF) is expected to be deployed by September 2024. The announcement was made by Michael Andoh, Acting Insurance Commissioner, on November 3 during the signing of a memorandum of understanding between the National Insurance Commission (NIC) and Policy Link, an organization funded by USAID. … Read more

Cameroon’s Public Debt and Financing for Structuring Projects: Insights and Analysis

2023-11-04 16:24:00 (Ecofin Agency) – The loans taken out by Cameroon mainly financed structuring projects. The country’s debt level remains below the CEMAC convergence criterion which prescribes a public debt threshold below 70% of GDP. Cameroon disbursed 98.1 billion FCFA in September 2023 to pay off its public debt, excluding outstanding amounts and repayment of … Read more

PlayStation 2 hailed as a “legendary” console by fans on its 23rd anniversary

2023-10-28 20:11:20 Time, once again, seems disjointed. Yes, the PlayStation 2 is really 23 years old. A console very appreciated by most and described as a “legendary” console by a majority. The PS2 was home to several amazing franchises and gave birth to classics that we still watch today. When you check out some of … Read more

PlayStation 5 system update criticized by fans

2023-10-27 02:11:13 The latest PlayStation 5 update is here and some fans aren’t impressed. That being said, it’s been a busy time lately for the PlayStation 5. Console Exclusive Spider-Man 2 from Marvel released to rave reviews and is already PlayStation Studios’ best-selling game of all time. Let’s not forget that Sony also revealed a … Read more

Booming Tourism Sector in Morocco Fuels Fast Recovery in Civil Aviation Industry

2023-10-23 19:29:00 (Agence Ecofin) – With a booming tourism sector after Covid-19, the civil aviation industry in Morocco is recovering more and more quickly, unlike some other African countries where the pace of recovery is relatively slow . Air traffic in Moroccan airports increased to 19.4 million passengers at the end of last September, which … Read more

Namibian Trade Balance Deficit Widens by 32.4% in August 2023: NSA Report

2023-10-07 13:26:00 (Ecofin Agency) – The Namibian trade balance deficit widened by 32.4% in August 2023 compared to the previous month, according to a report published by the Namibian Statistics Agency (NSA). The document shows the balance increased from N$3.7 billion in July to N$4.9 billion in August 2023. Over the period studied, imports amounted … Read more