By the AFREEQUE newsroom, based on Lebrief
Illustrative image · RDNE Stock project · Pexels · Licence PexelsMorocco ranks as the fourth most attractive African destination for investors, ahead of South Africa. The Where to Invest in Africa ranking was published on Tuesday by Rand Merchant Bank, a subsidiary of South African group FirstRand, according to Lebrief.
Royal Air Maroc expects to exceed 25 billion dirhams in revenue in 2026 and carry 9.3 million passengers. The Moroccan airline is continuing its investments and fleet modernisation despite a slight net deficit at the start of the year, according to LeBrief.
🇲🇦 Morocco · Source: Lebrief ·
The social priorities in Morocco’s draft 2027 finance law represent an estimated total cost of 62 billion dirhams. Economy Minister Fouzi Lekjaa announced the figure while presenting the budget to both chambers of Parliament, according to LeBrief.
🇲🇦 Morocco · Source: Lebrief ·
Italian group Eni has completed the sale of its subsidiary Agip Energy and Natural Resources to Apex Global Energy, which thereby becomes its 5% partner in the Renaissance oil joint venture in Nigeria. Eni is retaining its deepwater operations and its stake in Nigeria LNG, according to the company, which did not disclose the sale price.
🇳🇬 Nigeria · Source: Leadership ·
Africa Finance Corporation and German reinsurer Munich Re are setting up a risk-sharing programme with a capacity of $1 billion to support trade finance. The first phase is to cover letters of credit, trade loans and guarantees for 38 financial institutions in 11 countries, according to Financialafrik.
🇩🇪 Germany · Source: Financialafrik ·
Illustrative imageMorocco bets on agricultural innovation for food sovereigntyMorocco’s Agriculture Minister, Khalid Hatimy, advocated in Rabat for innovative, water-efficient agriculture capable of strengthening the country’s food sovereignty. At a meeting organised with the FAO for World Food Day, he cited localised irrigation, direct seeding and digital tools, according to Infomediaire.
Egypt signs agreements for $650 million solar projectEgypt has signed the first financing agreements for the Dandara solar project in Nag Hammadi, with a capacity of 1,000 megawatts and 200 megawatt-hours of storage, for an investment of about $650 million. Built in two phases, it is expected to cover nearly a third of Egypt Aluminium’s electricity needs, according to the Egyptian government.The week in Africa
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