Sunrise Textile Inks Deal to Invest $240M to Build Two Factories in Morocco
On Thursday 20 March 2025, Chinese textile company Sunrise Group signed an agreement with the Government of Morocco to build
Read more
Manufacturing
ARISE IIP Secures Another $450M from Afreximbank to Boost Industrialization in Africa
In support of the #industrialization drive in Africa, the Africa Export and Import Bank (Afreximbank) approved a line of credit
Read more
Hisense and Condor Deepen Partnership to Build Largest Air Conditioner Factory in Africa
On 20 February 2025, Hisense (SZSE: 000921) and Condor signed a partnership agreement to build an air conditioner factory in
Read more
Hisense and FBB Tech Lay Foundation for Factory in Egypt
On 17 February 2025, Chinese household appliances giant Hisense and UAE-based FBB Tech performed the foundation stone laying ceremony for
Read more
Dangote Renews Confidence in Ethiopia with $400M Expansion of Cement Plant
On 15 February 2025, Aliko Dangote announced that he is investing USD 400 million. In in Ethiopia to double the
Read more
World’s Largest EV Battery Maker CATL Files for Hong Kong IPO to Raise at Least $5B
On 11 February 2025, Contemporary Amperex Technology Company Limited (CATL) submitted its application to be listed on the Hong Kong
Read more
Burkina Faso Unveils First Native EV
At the end of January 2025, Burkina Faso’s ITAOUA Group launched its first electric car assembled locally. The electric vehicle
Read more
CNGR Morocco Allows Chinese Batteries to Get Around Tariffs
CobCo is a joint venture (#JV) between CNGR, a Chinese chemical and materials company, and Al Mada, a Moroccan investment
Read more
European Battery Champion Northvolt Gets Negative Charge
On 31 January 2025, Swedish battery maker Northvolt announced that its co-founder Paolo Cerruti will step down as CEO of
Read more
US DoD Blacklists Chinese EV Battery Maker CATL
On 6 January 2025, the US Department of Defense (DoD) placed China Amperex Technology Limited (CATL) on its blacklist on
Read more