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Egypt aims to receive 15 million tourists this year, 18 to 20 million in 2024, and 30 million tourists annually in 2028. This comes in line with Egypt’s national strategy to grow the tourism industry by 25-30% annually.
Nigeria on Monday (22 May) commissioned the Dangote Refinery billed as Africa’s largest oil refinery, amid hopes of transforming the West African country into a net exporter of petroleum products, though doubts persist that securing crude supplies could delay achieving full production this year.
While China’s global competition has been a well-known fact, Beijing now signals an expansion of its ambitions in the Horn of Africa, as evidenced by Ethiopia’s recent acknowledgement that China has become the East African nation’s leading source of foreign direct investment, largest trading partner, and development financier.
Chairman of the Suez Canal Economic Zone (SCZone) Walid Gamal El Din announced the signing of $487 million agreements and contracts between a number of Chinese companies and the industrial developer TEDA-Egypt for establishing new projects in the industrial zone of Al Ain Al Sokhna.
More than eight hundred players in the business community are expected to converge in the UK for the third edition of the Ghana Investment and Opportunity Summit (GHIOS) slated for June this year.
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