Reuters Africa2

Moroccan rail operator seeks $8.8 billion funding for expansion plan

By Ahmed Eljechtimi RABAT (Reuters) – Morocco’s state-owned rail operator, ONCF, is seeking $8.8 billion from investors to finance its expansion plan, the head of the African Development Bank (AfDB), Akinwumi Adesina, has said. He told reporters late on Friday after a three-day Africa Investment Forum in Rabat that investors were ready to extend ONCF …

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Exclusive-Egyptian military agency takes over wheat buying from decades-old supply group

By Mohamed Ezz CAIRO (Reuters) – An Egyptian military agency has taken over the country’s import of strategic commodities, a letter seen by Reuters showed, replacing a decades-old state institution to take over international buying tenders and also conduct direct purchases which have in recent weeks shaken the wheat market. As one of the world’s …

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