North Africa economic news

African textile sector welcomes US trade agreement extension

Follow us on Twitter: @GoAfricaNetwork The US government has granted a long-term extension to a major US-Africa trade programme on 29 June, a move welcomed by African textile and apparel manufacturers. President Obama signed into law a bill reauthorising the African Growth and Opportunity Act (Agoa) for another 10 years. Since 2001, the non-reciprocal trade …

African textile sector welcomes US trade agreement extension Read More »

After 26 countries signed $1 trillion free-trade plan, AU heads of state now want to double the deal

Follow us On Twitter: @GoAfricaNetwork AFRICAN NATIONS are taking steps toward creating a free-trade zone with a combined size of $2 trillion, as heads of state meet in Johannesburg this week. This comes after a potentially historic deal was signed in Egypt this week that created a common market that would span half the continent from Cairo …

After 26 countries signed $1 trillion free-trade plan, AU heads of state now want to double the deal Read More »

Pharmacological Interventions for Sleepiness and Sleep Disturbances Caused by Shift Work

ABSTRACT ABSTRACT | SUMMARY OF FINDINGS | DISCUSSION | ARTICLE INFORMATION | REFERENCES Clinical Question  Are pharmacological interventions associated with better-quality sleep and alertness in shift workers? Bottom Line  Low-quality evidence shows that melatonin is associated with 24 minutes longer daytime sleep after the shift but not with faster falling asleep compared with placebo. There …

Pharmacological Interventions for Sleepiness and Sleep Disturbances Caused by Shift Work Read More »

Siemens Lands Biggest Power Contract in Egypt’s History

Follow us on Twitter: @GoAfricaNetwork Siemens, the largest engineering company in Europe, is set to construct gas and wind power plants in Egypt after the German engineering firm was awarded contracts valued at $9 billion for these projects, it emerged on Wednesday. Described as the biggest single order in its history, the contract is poised …

Siemens Lands Biggest Power Contract in Egypt’s History Read More »

General Electric to Invest 10 Billion in Africa, Tragets Nigeria Rail Sector

Follow us on Twitter: @GoAfricaNetwork General Electric (GE), a 123-year old American Conglomerate with operations in 130 countries around the world, is gearing up to further exploit the economic potentials inherent in sub-Saharan African markets, especially Nigeria and Ethiopia. At the ongoing World Economic Forum (WEF) on Africa, GE said it would increase its capital …

General Electric to Invest 10 Billion in Africa, Tragets Nigeria Rail Sector Read More »

Africa’s Top 20 most connected countries by user numbers

Follow us on Twitter: @GoAfricaNetwork According to worldometers.info, the population within South Africa sits at just over 53 million individuals. To add to the figures, Nigeria currently has over 183 million individuals populating its city’s. Africa has always been viewed as a continent that isn’t very connected in terms of internet speeds and the number …

Africa’s Top 20 most connected countries by user numbers Read More »

Alternatives to project finance in Africa

Follow us on Twitter: @GoAfricaNetwork The challenges of this financing are magnified in sub-Saharan Africa, as there is a paucity of projects that meet the high-water mark required by most investment banks. Basic requirements include experienced and credit-worthy sponsors, healthy financial ratios and forecasts, exhaustive technical due diligence, and a stable and cohesive political and …

Alternatives to project finance in Africa Read More »

Cargo drones in Africa: Going the last mile?

Follow us on Twitter: @GoAfricaNetwork Drones are a controversial topic when it comes to national security. However cargo drones, with their potential applications for last mile delivery in remote areas and humanitarian emergency situations, are tipped to be an exciting area of innovation for Africa. But who is behind the push for cargo drones in …

Cargo drones in Africa: Going the last mile? Read More »

South Korean bank partners to support growing Africa ties

Follow us on Twitter: @GoAfricaNetwork Although it is the most talked about, China is not the only Asian economy looking to Africa – and bankers are moving to facilitate the flow of capital. A case in point: South Africa’s Standard Bank announced a partnership on 23 April with the largest bank in South Korea to …

South Korean bank partners to support growing Africa ties Read More »

Chinese rail firm signs $5.5 bn worth of deals in Africa

Follow us on Twitter: @GoAfricaNetwork China Railway Construction Corp Ltd (CRCC) has signed two deals worth a combined $5.5 billion for construction projects in Africa, Xinhua reported late on Monday, as the country’s railway firms increasingly flex their muscle overseas. CRCC’s China Civil Engineering Construction Corporation (CCECC) unit will work on a $3.5 billion intercity …

Chinese rail firm signs $5.5 bn worth of deals in Africa Read More »