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Transport and Logistics Minister Abdessamad Kayouh announced yesterday that Morocco is set to begin constructing a train manufacturing plant aimed at supplying the National Railways Office (ONCF) and boosting exports across Africa.
This opportunity should also help to strengthen the national economy by creating commercial opportunities for Cameroonian operators. Cameroonian companies will be able to import Indian rice at competitive prices and resell it on the local market, generating income and creating jobs.
The Moroccan government is poised to significantly enhance its motorway infrastructure, with an ambitious investment plan set to reach MAD7.74 billion (approximately $735 million) between 2025 and 2027.This initiative was detailed in the report on public establishments and enterprises (EEP) by the Ministry of Economy and Finance accompanying the draft finance law for the upcoming year.
The Association of Ghana Industries (AGI) is making a strong case for an improvement in Ghana's macroeconomic indicators. Chief Executive Seth Twum Akwaboah says this could aid in sustaining the industry sector growth of 8.2 percent recorded in the second quarter of 2024.
Trade between Egypt and BRICS countries surged to $30.2 billion during the first eight months of 2024, a 15% increase compared to $26.2 billion in the same period of 2023, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).
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