Morocco: Nouaceur Launches Its Second Industrial Acceleration Zone

Morocco’s Nouaceur province is expanding its industrial footprint with the launch of a second Industrial Acceleration Zone (ZAI), a sweeping 476-hectare development in the commune of Ouled Saleh that is set to become one of the country’s largest and most strategically positioned economic hubs. The project was formally set in motion this week, with the […]

Guinea: Junta orders probe into ex-president Conde for alleged treason

Guinea has announced an investigation into former president Alpha Conde’s alleged involvement in treason, two years after the ex-president was overthrown in a coup by Colonel Mamady Doumbouya’s special army squad in September 2021. Guinea’s public prosecutor reportedly received a letter from Justice Minister Alphonse Wright, requesting that the new authorized investigation look into “alleged […]

EBRD greenlights $25m loan to Egypt-based UMC

The European Bank for Reconstruction and Development (EBRD) has rubber-stamped the loan of $25 million for Egypt-based United Metals Company (UMC). The funding is aimed at backing the company’s working capital needs amidst the COVID-19 pandemic. The loan will enhance the Company’s financial resilience to withstand the potential negative implications of the COVID-19 pandemic through […]