German company Knauf is investing pound 80 million in a new plant in Egypt, its third in the country. The project aims to increase its production of plasterboard and gypsum products for the local and regional market. Egyptian Prime Minister Mustafa Madbouly visited the facility and praised Knauf’s commitment to using 100% Egyptian labor and providing high-quality products. Source: Africa

Kenyan eco-friendly cooking appliance manufacturer BURN has signed a USD 15 million loan agreement with the European Investment Bank (EIB). The financing will support the distribution of BURN’s ECOA electric induction cooker to homes across East Africa, providing a cleaner and safer cooking alternative. Founded in 2011 and headquartered in Nairobi, the company employs over 3,500 people and is committed

Morocco has officially launched work on its first Gigafactory for electric vehicle batteries in the Kenitra free zone. This major project, worth 65 billion dirhams and covering 156 hectares, aims to position the country as a leader in green mobility in Africa. With a planned production capacity of 100 GWh per year, the Gigafactory is expected to be operational by

Rwanda ICT Chamber has signed a strategic partnership with RSwitch, a company specializing in the interoperability of electronic payments in Rwanda. This collaboration aims to improve the inclusion and accessibility of financial services by offering innovative solutions adapted to the needs of the population, thus contributing to strengthening financial accessibility in the country. Source: Africa News Agency