BRICS+, an intergovernmental organization originally comprised of Brazil, Russia, India, China, and South Africa, recently expanded its membership to include Iran, Egypt, Ethiopia, and the United Arab Emirates. The expansion, finalized at the 16th BRICS Summit held in Kazan, Russia, from October 22 to 24, 2024, marks a historic moment in international relations and economics. … Read more
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 … Read more
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 … Read more
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 … Read more
