Company in North Africa

  • Africa: Expanded Engagement for Caterpillar - Boosting Sales & Alleviating Poverty

    BOTSWANA, 2017/07/16 A strong signal of growing business engagement with Africa by large U.S. corporations was the announcement last September by Caterpillar CEO Doug Oberhelman of plans to invest over $1 billion in Africa over the next five years. Caterpillar is not a new-comer, having begun doing business on the continent in 1926. At last month's U.S.-Africa Business Summit in Washington, DC, David Picard, Caterpillar's regional manager for Africa and the Middle East, described some of the steps that have been taken since last year's announcement. He as well talked about the challenges and opportunities he sees, inclunding Nigeria, where the company has operated since 1948. He was interviewed by AllAfrica's Noluthando Crockett-Ntonga and Ladi Olorunyomi from Premium Times in Nigeria. The interview has been edited for clarity and length.
  • Bahrain’s Al Baraka Islamic Bank Gets Approval to Operate in Morocco

    BAHRAIN, 2016/05/12 The Bahrain based leading Islamic banking group, Al Baraka Banking Group, will establish a banking unit in Morocco very any minute at this time, the Islamic lender said in a statement, according to Reuters. Next receiving approval from Morocco’s central bank, Al Baraka Banking Group will invest in the Moroccan Islamic banking sector by launching a new business any minute at this time.
  • Louis Berger to support sub-Saharan Africa transportation sector development under A.C.P.-European Community Partnership

    AFRICA, 2015/07/22 Louis Berger (http://www.louisberger.com), as part of a consortium led by NTU International A/S, has been hired to support the development of the transportation sector in the African, Caribbean and Pacific (A.C.P.) Group of States, with a focus on sub-Saharan Africa. This 2.3 euro million ($2.6 million USD) project aims to promote inclusive political, economic and social development through enhanced regional integration by strengthening African nations’ ability to regulate, organize and finance better inter-regional and continental transportation infrastructure through safe trans boundary transportation corridors and integrated transportation policies. The project as well will support evolution toward the Millennium Development Goals in A.C.P. nations.
  • Algeria jails, fines seven foreign firms

    ALGERIA, 2015/05/09 An Algerian court on Thursday sentenced to jail 14 people and fined seven foreign firms from Europe, Asia and Canada capping a high-profile corruption case. Dubbed by Algerian media as the "scandal of the century", the case heard allegations of corruption, money laundering and embezzlement of public funds in connection with the construction of a key highway. The Algiers criminal court sentenced to 10 years Chani Mejdoub, a financial consultant who as well holds Luxembourg nationality, and Mohamed Khelladi, a former high-ranking official at the ministry of public works.
  • Philips is committed to significantly expanding its business footprint in Morocco

    NETHERLAND, 2014/05/30 Royal Philips, the global leader in lighting, today unveiled a stunning lighting makeover of the historic, Wilaya building in Casablanca, as part of its fifth consecutive pan-African Cairo to Cape Town roadshow Philips has installed its latest range of LED luminaires providing a palette of 16 million colours that can create an inspiring lighting show and highlight the Wilaya’s features as never before. The innovative LED lighting allows energy savings of up to 80% and has a lifetime of up to 100,000 hours compared to 12,000 hours with conventional lighting solution.
  • Oil and gas major BP said it had mothballed plans to explore in Libya's

    LIBYA, 2014/03/08 Oil and gas major BP said it had mothballed plans to explore in Libya's Ghadames basin because of security concerns, the new in a series of companies to rethink their projects amid growing instability. Three years of turmoil since the Arab Spring and tough arrangement terms have prompted oil firms to reassess their role in Libya, and several have said they would postpone their plans or scrap them all. BP's exploration and production sharing agreement with Libya covers onshore acreage in Ghadames, near the border between Libya, Algeria and Tunisia, and offshore acreage in the central Sirte basin. 'With respect to the onshore exploration drilling programme, a security review in June concluded that this could not be safely and securely delivered by BP at this time. Alternative approaches are being considered,' BP said in its annual statement.
  • The Kuwaiti telecoms operator faces uphill battle

    KUWAIT, 2014/03/03 The Kuwaiti telecoms operator faces uphill battle as currency fluctuation and political turmoil hamper Sudan and its southern neighbour. The Kuwaiti telecoms operator Zain operates in some tough markets, where hopes of bright new dawns have given way to cloudier realities. In Iraq, violence reached its highest level in five years in 2013 - with fears of sectarian clashes ahead of parliamentary elections due in April. Zain is still “months off” from its planned listing there, and has been fined $11.3m for the delay.
  • Eni has restarted today gas production from the offshore platform of Sabratha (Libya)

    ITALY, 2013/12/08 Eni has confirmed that Mellitah Oil & Gas, the Joint Venture operating company (NOC 50%, Eni 50%) in Libya, has restarted today gas production from the offshore platform of Sabratha. Production will start at 4-5 Million cubic meters per day and will gradually increase to reach 11-13 Mcmd during the month of November, during which time all 15 wells on the platform will be progressively reopened. Additional production will as well be added at the same time as the subsea wells are put on stream in 2012. The gas volumes will be processed at the Mellitah treatment plant complex and again shipped to Italy via the Greenstream pipeline, which was re-opened on October 13th, 2011.
  • ENI gas terminal continues to operate in Libya

    ITALY, 2013/11/07 The Mellitah gas facilities co-operated by Eni are still up and running despite an ongoing turmoil by a group of armed men. About thirty men from the Amazigh community in Zuwara began protesting ten days ago at the facilities located in the western part of the country. They are threatening to block Greenstream gas pipeline - which conveys methane to Gela - unless the General National Congress agress to their demands, inclunding the recognition of cultural differences and consensus vote for minority groups. The negotiations are being held without incident. 
  • Aastra’s first event in Libya

    LIBYA, 2013/06/29 Aastra, a leading company at the forefront of the enterprise communication market, organized together with its regional distributor Tawasol and Aastra’s local representative and system integrator Dolphin Telecom a technology update conference for customers in Libya. This is Aastra’s initial event in Libya next its acquisition of Ericsson’s enterprise business and one of the major of its kind in the region. Under the title “A new Era in Enterprise Communications”, this event, which was hosted in the Radisson Blu hotel, Tripoli on June 19, gathered additional than 120 participants from major industries like Oil & Gas, Government, Hospitality and Banking.