Category: Business
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German Firms Back Tunisia Despite Bureaucratic Drag
German companies in Tunisia say they remain confident in the country’s economic promise even as red tape and policy hurdles grow heavier. A survey by the Tunisian-German Chamber of Industry and Commerce (AHK Tunisia) shows that 73 percent of these firms plan to maintain or increase investments in 2025-26. About 84 percent expect their business…
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Togo Cement Floods Ghana, Local Mills Sound Alarm
Ghana’s local cement industry is under siege. Bagged cement imports from Togo have surged so sharply that domestic producers say their survival and competitiveness are at risk. The Chamber of Cement Manufacturers Ghana (COCMAG) has formally urged the Ministry of Trade, Agribusiness and Industry (MOTAI) to act fast. Dr. George Dawson-Ahmoah, CEO of COCMAG, says…
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Senegal Staggers: Q1 2025 Sees GDP Dip Amid Sectoral Slumps
Senegal’s economy cooled sharply in the first quarter of 2025 slipping by 1.2% compared with the last quarter of 2024, according to data from the National Agency of Statistics and Demography (ANSD). The fall reflects major setbacks in both the primary and secondary sectors and shows that growth without oil and gas is under real…
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Egypt’s Construction Boom: $35.8B Ras El Hekma Deal Fuels FDI Surge
Egypt’s construction and real estate sector is riding a wave of foreign direct investment (FDI), drawing in $35.8 billion in FY 2023/24, thanks largely to the landmark Ras El Hekma deal. That number amounts to about 76% of Egypt’s total net FDI inflows. The Ras El Hekma agreement, struck with Abu Dhabi’s sovereign investment fund…
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Retail’s Uphill Battle in Africa
OK Zimbabwe’s announcement that it plans to sell off key assets has sent shockwaves through Zimbabwe’s business community and underlined the broader crisis facing large retail chains operating in many African economies. The company, one of Zimbabwe’s largest and oldest supermarket groups, will dispose of four major supermarket properties, a warehouse and two commercial stands.…
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Ethiopia Bets on Banks
Ethiopia has thrown open the doors of its banking sector to foreign investors, signaling one of the most dramatic steps yet in the country’s broader push to reshape its economy. In an announcement that could alter the financial landscape of Africa’s second most populous nation, the National Bank of Ethiopia said foreign banks and investors…
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China’s Chip Push
China is intensifying its efforts to overcome United States technology curbs by redirecting its massive semiconductor investment program to plug critical gaps in its chip supply chain. The country’s flagship initiative, the National Integrated Circuit Industry Investment Fund—commonly known as the Big Fund—is in its third phase, known as Big Fund III. It is now…
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ENI’s Deepening Footprint in Africa
Italian energy conglomerate ENI has recently released its 2024 report on payments made to governments, in compliance with the European Union’s Directive 2013/34/EU
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Kassaro Bridge and the Chinese Fix, Mali’s Rail Revival on Solid Tracks
It’s been dubbed a “turning point” for Mali’s transport infrastructure — the rehabilitation of the Kassaro Bridge in the Kita region, a strategic lifeline for the Bamako-Kayes railway corridor. On Tuesday, April 15, 2025, the Malian Ministry of Transport and Infrastructure inked a 1.6 billion FCFA deal with Chinese construction firm Covec Mali to restore…
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Mota-Engil Eyes Nigeria’s DBN Energies in Strategic Energy Play
In a move that could shift the energy landscape in West Africa, Portuguese multinational Mota-Engil is in advanced talks to acquire Nigerian firm DBN Energies, a strategic step poised to deepen its footprint in the region’s lucrative oil and gas sector. While the official deal has not yet been finalized, industry insiders suggest this acquisition…