Business and Companies - Page 2
94 articles
Accor and Risma ramp up hotel projects and training in Morocco
Accor and Risma are stepping up their partnership with new hotel plans, property upgrades, and a training academy, aiming to strengthen Morocco's tourism sector and prepare its workforce for growing international interest.
Stellantis Morocco tests off-grid solar EV charging at Bouskoura
Stellantis Morocco has launched a fully off-grid, solar-powered EV charging station at its Motor Village Bouskoura site, testing how clean mobility infrastructure can be quickly deployed in areas without reliable grid access.
Libya seeks British energy technology to modernize oil and gas sector
Libya's National Oil Corporation is moving to secure advanced British and international technology for its oil and gas sector, aiming to accelerate production, modernise infrastructure, and build national expertise through direct cooperation with industry giants.
Libya aims for record gas output in five-year expansion plan
Libya's government has announced plans to raise daily gas production to 4 billion standard cubic feet within five years, signaling a major push to monetize discovered reserves and reposition the country in regional energy markets.
Madica backs first Algerian and Cameroonian startups as early-stage funding dries up
Madica has made its first pre-seed investments in Algeria and Cameroon, supporting five startups across fintech, HR, and the circular economy. The move marks a shift toward underfunded North African markets, where early-stage capital remains hard to find.
Egypt's Madkour lands Libya power plant contracts as Tripoli seeks grid relief
Libya's General Electricity Company has awarded Egyptian firm Madkour contracts to build three power plants worth around 100 million euros, aiming to add 660 megawatts and address chronic blackouts as regional energy ties deepen.
Zenith Energy takes Tunisia arbitration fight to Swiss and European courts
Zenith Energy's subsidiary is challenging a $130 million arbitration loss to Tunisia, alleging tribunal bias and undisclosed contacts. The company is now appealing to Switzerland's top court and the European Court of Human Rights, raising the stakes for energy arbitration in the region.
Synhelion plans $1 billion synthetic fuel plant in Morocco
Synhelion has signed a memorandum with Morocco to develop a $1 billion Sun-to-Liquid plant in Tan-Tan, aiming to produce 100,000 tonnes of renewable synthetic fuel each year and strengthen Morocco's position in the global clean fuels sector.
RINA opens Casablanca office to tap Morocco's green hydrogen push
RINA has set up a new subsidiary in Casablanca, positioning itself to work directly with Morocco's growing green hydrogen sector and industrial decarbonisation plans as the country ramps up renewable energy targets and port capacity.
STIP swings to profit as cash strain and falling sales cloud outlook
STIP has posted a net profit of TND 4.7 million for 2025 after a year of deep losses, but the recovery is overshadowed by a sharp revenue drop, negative cash flow, and mounting liabilities that threaten the company's stability.
Algeria and Chad launch joint push in hydrocarbons sector
Algeria and Chad have initiated a targeted mission to deepen collaboration in hydrocarbons, signaling a calculated move to strengthen economic ties and leverage shared energy interests across North Africa and the Sahel.
Fabtech completes turnkey cleanroom for Algerian veterinary plant
Fabtech Technologies has delivered a full-scale cleanroom and MEP solution for an undisclosed veterinary manufacturing facility in Algeria, marking another strategic investment in the country's pharmaceutical infrastructure and regional supply chain.
Libya targets industrial revival through international business partnerships
Libya is moving to break its reliance on oil by leveraging international business partnerships that focus on industrial capacity, supply chains and skills transfer. Major projects in steel and infrastructure are setting a new precedent for economic diversification.
UBCI accelerates asset and profit growth in Tunisia banking sector
UBCI has posted double-digit growth in assets, loans, and deposits for H1 2026, with net profit up nearly 10 percent. The bank's expansion signals renewed confidence in Tunisia's financial sector and its role in supporting economic activity.
Chinese Automotive Investment Transforms Morocco into Europe Facing Hub
Morocco is rapidly becoming the primary gateway for Chinese automakers and suppliers targeting Europe, with record investment in battery and component factories. This shift is redrawing the competitive map for the automotive industry across the Mediterranean.
India and Morocco move to joint defence projects after New Delhi summit
India and Morocco have advanced their defence partnership by launching their Joint Defence Committee in New Delhi, setting the stage for joint projects, technology sharing, and deeper military-industrial ties ahead of the 70th anniversary of diplomatic relations.
SLB commits to deeper investment in Libya oil sector partnership
SLB has declared it will not scale back in Libya and instead plans to expand investment and operations to support the National Oil Corporation's production ambitions, as NOC leadership demands concrete long term commitments amid rising competition.
Guinea-Bissau targets Moroccan investment with economic promotion drive
Guinea-Bissau has launched a week-long economic promotion campaign in Morocco, aiming to attract Moroccan investment and forge new business partnerships across infrastructure, agriculture, energy, tourism, and finance. The initiative signals a strategic effort to reposition Guinea-Bissau as a credible partner for Moroccan capital and expertise.
India targets Algerian mining sector for strategic technology partnership
India is moving to deepen its economic footprint in Algeria by prioritising technology transfer and joint ventures in the mining sector, as Ambassador Swati Vijay Kulkarni calls for a concrete action plan to modernise Algeria's mineral value chain.
North Africa Bank to enable direct Alipay payments from Libya to China
Libya's North Africa Bank is set to launch a direct payment service to China via Alipay, allowing Libyan account holders to make mobile transactions for Chinese goods and services. The move signals a new phase in Libya's financial connectivity with Asia.
Morocco secures Synhelion synthetic fuel plant in Tan-Tan
Morocco has landed a major clean-energy investment as Synhelion signs a deal to build a synthetic fuel plant in Tan-Tan, aiming for 100000 tonnes of renewable fuel annually and positioning the country as a regional green industry hub.
Indian Exporters Target New Sectors in Algeria as Trade Diversifies
Indian exports to Algeria are rapidly expanding beyond traditional goods, with engineering, pharmaceuticals, and agri-food products now leading the charge. This shift is opening new commercial opportunities for Indian businesses seeking a foothold in North Africa's evolving markets.
Moroccan Startup One Med Link Targets Hospital Data Bottlenecks with AI Platform
One Med Link is rolling out an AI-powered platform designed to streamline clinical workflows and structure health data in Moroccan hospitals, aiming to address inefficiencies and underrepresentation of African data in global medical research.
Al-Ittihad Forces Record Transfer for Hadj Moussa After Feyenoord Standoff
Al-Ittihad has secured Algerian international Anis Hadj Moussa from Feyenoord in a €40 million move, shattering the Dutch club's sales record and highlighting the Gulf's growing pull on North African talent. The deal awaits only a final bank guarantee.
Garnest sets aggressive growth targets for Egypt vacation rental market
Garnest, a vacation rental booking platform, is pursuing rapid expansion in Egypt with ambitions to reach 100,000 customers and 10,000 accommodation listings after an initial surge in users and properties. The company is also preparing to diversify its travel services.
Masyaf Ras Al Hekma construction accelerates as phase two launches
M squared has reached 41 percent construction completion at Masyaf Ras Al Hekma, with phase two now underway and 70 percent of units sold. The project is expanding its commercial and lifestyle offerings as it targets full delivery by 2027.
Modon Developments accelerates Green River Tower construction in New Capital
Modon Developments has committed EGP 5bn to the Green River Tower in Egypt's New Administrative Capital, with construction now over halfway complete and a push to deliver the project within eight months. The tower will offer commercial, office, and hotel space.
Spanish and Libyan Chambers Drive Direct Business Engagement in Tripoli
Spanish and Libyan business leaders are accelerating commercial ties with a multisector mission in Tripoli, leveraging direct air connectivity and targeted B2B meetings to unlock new trade and investment opportunities across food, tobacco, and electrical sectors.
Harouge Oil Operations lifts output with new Amal Field well
Harouge Oil Operations has brought its B79A replacement well online at the Amal Field in Libya, adding 2000 barrels per day to production as part of a targeted 2026 capacity expansion. The move signals renewed momentum in Libya's oil sector.
US Business Delegation Defies Travel Warning to Pursue Libya Projects
American executives landed in Benghazi for the Libyan-American Development and Reconstruction Forum, pushing for concrete partnerships and project launches even as the US State Department maintains its highest-level travel warning for Libya.
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