KfW supports Morocco’s financial system reform with €165 Mln funding

German Development Bank (KfW) has pledged to provide Morocco €165 million funding to continue reforming its financial system which has shown resilience to external shocks. The KfW financial support includes a €150 million loan and a €15 million grant. Funding agreements were inked Wednesday in Rabat by Economy & Finance Minister Nadia Fettah and Head […]

US warning: African nations to be ‘punished’ if they trade in US-sanctioned commodities

African nations are free to buy grain from Russia but could face consequences if they trade in US-sanctioned commodities such as Russian oil, the US ambassador to the United Nations warned Thursday. “Countries can buy Russian agricultural products, including fertilizer and wheat,” Linda Thomas-Greenfield said during her visit to Uganda’s capital city Kampala, after a […]

SWISS CAVOTEC WILL SUPPLY OCP GROUP ADVANCED CABLE & HOSE REEL SYSTEMS

Swiss Engineering Company Cavotec has announced the signing of an order with TAKRAF India Pvt. Ltd. for the supply of cable and hose reel systems to Morocco’s OCP group, the world’s largest producer of phosphate-based fertilizers. The order comprises seven cable reel systems and six hose reel systems. The systems will provide safe and reliable […]