Libya has officially become the 53rd member of the African Export-Import Bank (Afreximbank). As part of its membership, Libya is set to leverage Afreximbank’s support for several development projects, including the creation of a free zone in Misrata and the development of a land route connecting the country to its neighboring nations. The partnership will likely boost Libya-Africa trade and open access to a wide range of financial products and services.
Morocco has approved the creation of a new state-backed company aimed at developing industrial zones dedicated to domestic defense production,
Algeria has canceled a major port construction deal with China and is now turning to France to modernize its maritime
Escalating hostilities between Israel and Iran over the weekend have rattled Egypt’s economy and dealt a blow to its
Morocco is ramping up investment in desalination, dams, and water transfer projects to counter prolonged drought and protect its agricultural
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