Every owner of PoS machines is required to deposit a certain amount of money in a SIM card or financial services agent depending on the number of passengers commuting. Buses with 50-passenger capacity are required to pay Sh30,000 each, while the owner is required to deposit Sh1.5 million.
Browsing: North Africa Business
Egyptian Minister of Petroleum and Mineral Resources, Tarek al-Molla, on Thursday, announced an international bid round for the exploration of oil and natural gas in 24…
Morocco’s energy service firm, Société d’Ingénierie Energétique (SIE), has obtained a $965,000 grant from the African Development Bank (AfDB) to support its growth plans. The AfDB,…
In a report, Partech Partners said companies on the continent raised $1.43 billion in 2020, down by 29% from a year ago, which was just two deals above $50 million closed last year compared with 10 in 2019.
The economic damage wrought by the coronavirus pandemic will probably make many African countries seek debt restructuring from G-20 countries, according to the head of the…
The investment will tackle the renewable energy storage gap that currently exists across the continent, where nearly 600m people live without access to electricity.
Indian weapons researcher Amiet R. Kashyap disclosed that Egypt along with the Philippines, South Korea, Algeria, Greece, Malaysia, Thailand, Singapore, Venezuela, and Bulgaria are interested in the missile systems.
The two presidents held an extended session of bilateral talks focused on strengthening relations and cooperation, to achieve security and stability in the continent.
The Netherlands and Morocco are using technology to solve a major hindrance for nations with large desert landmasses, availability of water. Morocco’s General Director of the…
Of the EGP 15bn investment portfolio in its new market entrance, EGP 4bn will be invested in its New Administrative Capital (NAC) project.